Rhumbline Advisers Trims Stake in Inter & Co, Inc. (NASDAQ:INTR)

Rhumbline Advisers reduced its holdings in shares of Inter & Co, Inc. (NASDAQ:INTR) by 23.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 105,647 shares of the company’s stock after selling 32,345 shares during the period. Rhumbline Advisers’ holdings in Inter & Co, Inc. were worth $446,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in INTR. Allspring Global Investments Holdings LLC increased 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 worth $68,000 after purchasing an additional 2,399 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in Inter & Co, Inc. by 18.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 35,337 shares of the company’s stock valued at $150,000 after purchasing an additional 5,475 shares during the last quarter. Savant Capital LLC bought a new position in Inter & Co, Inc. during the fourth quarter valued at $42,000. Atom Investors LP bought a new position in Inter & Co, Inc. during the third quarter valued at $71,000. Finally, Public Employees Retirement System of Ohio bought a new position in Inter & Co, Inc. during the third quarter valued at $103,000. 22.90% of the stock is owned by hedge funds and other institutional investors.

Inter & Co, Inc. Trading Up 1.7 %

INTR stock opened at $5.52 on Friday. The company has a market capitalization of $2.40 billion, a PE ratio of 14.15 and a beta of 1.31. Inter & Co, Inc. has a 12 month low of $3.88 and a 12 month high of $7.84. The firm’s 50-day moving average is $4.96 and its 200 day moving average is $5.72. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.85 and a quick ratio of 0.87.

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

Inter & Co, Inc. Announces Dividend

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

Analyst Upgrades and Downgrades

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

About Inter & Co, Inc.

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.