Royal London Asset Management Ltd. Buys New Stake in Inter & Co, Inc. (NASDAQ:INTR)

Royal London Asset Management Ltd. purchased a new position in shares of Inter & Co, Inc. (NASDAQ:INTR) during the fourth quarter, Holdings Channel reports. The fund purchased 102,400 shares of the company’s stock, valued at approximately $432,000.

Other large investors also recently added to or reduced their stakes in the company. Citigroup Inc. raised its holdings in shares of Inter & Co, Inc. by 4,711.6% in the 3rd quarter. Citigroup Inc. now owns 1,061,289 shares of the company’s stock valued at $7,068,000 after buying an additional 1,039,232 shares during the period. The Manufacturers Life Insurance Company acquired a new position in Inter & Co, Inc. in the 3rd quarter valued at about $163,000. Quantbot Technologies LP increased its stake in Inter & Co, Inc. by 1,011.4% during the third quarter. Quantbot Technologies LP now owns 210,090 shares of the company’s stock worth $1,399,000 after purchasing an additional 191,186 shares during the period. Freedom Investment Management Inc. acquired a new stake in shares of Inter & Co, Inc. during the third quarter worth about $575,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Inter & Co, Inc. in the third quarter valued at approximately $427,000. 22.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

INTR has been the topic of several recent research reports. JPMorgan Chase & Co. cut their target price on shares of 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 dropped their price target on shares of Inter & Co, Inc. from $4.50 to $4.00 and set an “underweight” rating for the company in a research note on Monday, March 17th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.78.

Inter & Co, Inc. Trading Down 2.9 %

NASDAQ INTR opened at $5.61 on Tuesday. Inter & Co, Inc. has a 52 week low of $3.88 and a 52 week high of $7.84. The firm has a 50 day moving average of $5.28 and a two-hundred day moving average of $5.56. The company has a quick ratio of 0.87, a current ratio of 0.85 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $2.44 billion, a PE ratio of 14.38 and a beta of 1.31.

Inter & Co, Inc. (NASDAQ:INTR) last posted its earnings results on Thursday, February 6th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. Inter & Co, Inc. had a return on equity of 10.06% and a net margin of 11.74%. As a group, research analysts expect that Inter & Co, Inc. will post 0.48 EPS for the current fiscal 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 dividend of $0.08 per share. This represents a yield of 0.5%. The ex-dividend date was Friday, February 14th. Inter & Co, Inc.’s payout ratio is 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.