WIM INVESTMENT MANAGEMENT Ltd Invests $9.06 Million in Inter & Co. Inc. $INTR

WIM INVESTMENT MANAGEMENT Ltd acquired a new stake in shares of Inter & Co. Inc. (NASDAQ:INTR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 981,400 shares of the company’s stock, valued at approximately $9,058,000. Inter & Co. Inc. makes up approximately 2.3% of WIM INVESTMENT MANAGEMENT Ltd’s investment portfolio, making the stock its 11th biggest holding. WIM INVESTMENT MANAGEMENT Ltd owned about 0.22% of Inter & Co. Inc. as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in INTR. Royal Bank of Canada lifted its position in shares of Inter & Co. Inc. by 1,446.7% during the first quarter. Royal Bank of Canada now owns 66,510 shares of the company’s stock valued at $364,000 after buying an additional 62,210 shares during the last quarter. Millennium Management LLC raised its stake in shares of Inter & Co. Inc. by 94.4% during the 1st quarter. Millennium Management LLC now owns 2,113,061 shares of the company’s stock worth $11,580,000 after acquiring an additional 1,026,321 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Inter & Co. Inc. by 43.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,927,453 shares of the company’s stock valued at $16,042,000 after acquiring an additional 891,939 shares during the last quarter. Jane Street Group LLC boosted its stake in Inter & Co. Inc. by 502.0% in the first quarter. Jane Street Group LLC now owns 1,431,616 shares of the company’s stock valued at $7,845,000 after acquiring an additional 1,193,818 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its holdings in Inter & Co. Inc. by 70.1% in the second quarter. State of New Jersey Common Pension Fund D now owns 151,816 shares of the company’s stock worth $1,128,000 after purchasing an additional 62,573 shares during the last quarter. 22.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on INTR. UBS Group reiterated a “buy” rating and set a $12.00 price objective on shares of Inter & Co. Inc. in a report on Thursday, February 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Inter & Co. Inc. in a research note on Monday, December 29th. The Goldman Sachs Group boosted their price target on Inter & Co. Inc. from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Finally, Itau BBA Securities downgraded shares of Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $11.00 to $10.00 in a report on Wednesday, November 19th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $9.00.

Inter & Co. Inc. Trading Up 1.5%

NASDAQ INTR opened at $9.04 on Thursday. Inter & Co. Inc. has a 1 year low of $4.86 and a 1 year high of $10.36. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.89 and a quick ratio of 0.87. The company has a market capitalization of $3.97 billion, a PE ratio of 16.74, a P/E/G ratio of 0.38 and a beta of 1.16. The company has a fifty day moving average of $8.81 and a 200 day moving average of $8.80.

Inter & Co. Inc. (NASDAQ:INTR) last issued its earnings results on Wednesday, February 11th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $404.31 million for the quarter, compared to the consensus estimate of $441.78 million. Inter & Co. Inc. had a return on equity of 13.54% and a net margin of 12.01%. Research analysts forecast that Inter & Co. Inc. will post 0.48 earnings per share for the current year.

Inter & Co. Inc. Increases Dividend

The company also recently announced an annual dividend, which will be paid on Thursday, March 5th. Investors of record on Sunday, February 22nd will be paid a $0.1131 dividend. The ex-dividend date is Friday, February 20th. This represents a dividend yield of 122.0%. This is an increase from Inter & Co. Inc.’s previous annual dividend of $0.08. Inter & Co. Inc.’s dividend payout ratio (DPR) is presently 20.37%.

Inter & Co. Inc. Profile

Inter & Co, Inc Is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Banking, Securities, Insurance Brokerage, Marketplace, Asset Management, Service, and Other. The Banking segment offers checking accounts cards, deposits, loans and advances, and other services through mobile application. The Securities segment is involved in the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market, and the provision of administration services to investment funds.