William Blair Investment Management LLC Buys 1,816,322 Shares of Inter & Co. Inc. $INTR

William Blair Investment Management LLC increased its stake in Inter & Co. Inc. (NASDAQ:INTR) by 108.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,484,335 shares of the company’s stock after buying an additional 1,816,322 shares during the quarter. William Blair Investment Management LLC’s holdings in Inter & Co. Inc. were worth $32,160,000 as of its most recent filing with the SEC.

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

Inter & Co. Inc. Trading Down 2.0%

Shares of INTR opened at $8.71 on Monday. Inter & Co. Inc. has a fifty-two week low of $4.86 and a fifty-two week high of $10.36. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 0.37 and a beta of 1.18. The firm has a 50 day moving average price of $8.83 and a 200-day moving average price of $8.81. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.87 and a current ratio of 0.89.

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 company had revenue of $404.31 million for the quarter, compared to analysts’ expectations of $441.78 million. Inter & Co. Inc. had a net margin of 12.01% and a return on equity of 13.54%. As a group, equities research analysts forecast that Inter & Co. Inc. will post 0.48 earnings per share for the current year.

Inter & Co. Inc. Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Itau BBA Securities lowered Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $11.00 to $10.00 in a report on Wednesday, November 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Inter & Co. Inc. in a report on Monday, December 29th. Finally, UBS Group reissued a “buy” rating and issued a $12.00 target price on shares of Inter & Co. Inc. in a research note on Thursday, February 12th. 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 stock. According to MarketBeat.com, Inter & Co. Inc. has an average rating of “Hold” and a consensus target price of $9.00.

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.