Handelsbanken Fonder AB Purchases 54,000 Shares of Inter & Co, Inc. (NASDAQ:INTR)

Handelsbanken Fonder AB increased its position in Inter & Co, Inc. (NASDAQ:INTR) by 59.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 144,500 shares of the company’s stock after acquiring an additional 54,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Inter & Co, Inc. were worth $610,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Citigroup Inc. raised its holdings in Inter & Co, Inc. by 4,711.6% in the 3rd quarter. Citigroup Inc. now owns 1,061,289 shares of the company’s stock worth $7,068,000 after acquiring an additional 1,039,232 shares during the period. JPMorgan Chase & Co. bought a new position in Inter & Co, Inc. in the 3rd quarter worth $8,311,000. Geode Capital Management LLC raised its holdings in Inter & Co, Inc. by 436.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,672,833 shares of the company’s stock worth $11,060,000 after acquiring an additional 1,361,258 shares during the period. Public Sector Pension Investment Board bought a new position in shares of Inter & Co, Inc. during the 3rd quarter worth about $1,373,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Inter & Co, Inc. during the 3rd quarter worth about $4,874,000. Institutional investors own 22.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their price objective on shares of Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating on the stock in a report on Friday, January 24th.

Inter & Co, Inc. Stock Performance

NASDAQ:INTR opened at $5.36 on Friday. The firm’s 50-day moving average is $4.86 and its 200-day moving average is $5.80. Inter & Co, Inc. has a 52-week low of $3.88 and a 52-week high of $7.84. 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 $2.33 billion, a price-to-earnings ratio of 13.74 and a beta of 1.32.

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

Inter & Co, Inc. Dividend Announcement

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

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.