Inter & Co, Inc. (NASDAQ:INTR) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ grew its stake in Inter & Co, Inc. (NASDAQ:INTR) by 78.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,500 shares of the company’s stock after purchasing an additional 5,500 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Inter & Co, Inc. were worth $52,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of INTR. US Bancorp DE increased its holdings in shares of Inter & Co, Inc. by 6,054.6% in the fourth quarter. US Bancorp DE now owns 5,970 shares of the company’s stock valued at $25,000 after purchasing an additional 5,873 shares during the period. Savant Capital LLC purchased a new stake in shares of Inter & Co, Inc. in the fourth quarter valued at approximately $42,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Inter & Co, Inc. by 17.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company’s stock valued at $68,000 after buying an additional 2,399 shares in the last quarter. Atom Investors LP purchased a new stake in shares of Inter & Co, Inc. in the third quarter valued at approximately $71,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Inter & Co, Inc. in the third quarter valued at approximately $103,000. Institutional investors and hedge funds own 22.90% of the company’s stock.

Inter & Co, Inc. Stock Down 3.7 %

INTR opened at $5.79 on Wednesday. The business’s fifty day moving average is $5.16 and its two-hundred day moving average is $5.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.85. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 14.85 and a beta of 1.31. Inter & Co, Inc. has a one year low of $3.88 and a one year high of $7.84.

Inter & Co, Inc. (NASDAQ:INTR) last posted its earnings results on Thursday, February 6th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Inter & Co, Inc. had a return on equity of 10.06% and a net margin of 11.74%. Analysts anticipate that Inter & Co, Inc. will post 0.48 EPS for the current fiscal year.

Inter & Co, Inc. Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 17th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a dividend yield of 0.5%. Inter & Co, Inc.’s dividend payout ratio is currently 20.51%.

Analysts Set New Price Targets

INTR has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their price target on Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Morgan Stanley decreased their price target on Inter & Co, Inc. from $4.50 to $4.00 and set an “underweight” rating on the stock in a research note on Monday. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat, Inter & Co, Inc. presently has an average rating of “Moderate Buy” and a consensus target price of $6.78.

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.