Inter & Co, Inc. (NASDAQ:INTR) Shares Sold by Swiss National Bank

Swiss National Bank lessened its holdings in shares of Inter & Co, Inc. (NASDAQ:INTR) by 20.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 438,300 shares of the company’s stock after selling 109,600 shares during the quarter. Swiss National Bank’s holdings in Inter & Co, Inc. were worth $1,850,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Inter & Co, Inc. by 17.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company’s stock valued at $68,000 after acquiring an additional 2,399 shares during the period. Asset Management One Co. Ltd. raised its position in shares of 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 worth $150,000 after purchasing an additional 5,475 shares during the period. US Bancorp DE boosted 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 worth $25,000 after buying an additional 5,873 shares during the period. Savant Capital LLC acquired a new stake in Inter & Co, Inc. during the 4th quarter valued at $42,000. Finally, Atom Investors LP purchased a new stake in Inter & Co, Inc. in the 3rd quarter worth about $71,000. Institutional investors own 22.90% of the company’s stock.

Inter & Co, Inc. Stock Down 1.7 %

NASDAQ INTR opened at $5.65 on Friday. The stock’s 50 day simple moving average is $5.37 and its 200 day simple moving average is $5.54. 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. has a one year low of $3.88 and a one year high of $7.84. The firm has a market cap of $2.45 billion, a PE ratio of 14.49 and a beta of 1.31.

Inter & Co, Inc. (NASDAQ:INTR) last announced its earnings results on Thursday, February 6th. The company reported $0.11 earnings per share for the quarter, topping 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%. As a group, sell-side analysts forecast that Inter & Co, Inc. will post 0.48 earnings per share for the current fiscal 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. The ex-dividend date was Friday, February 14th. This represents a yield of 0.5%. Inter & Co, Inc.’s payout ratio is presently 20.51%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on INTR shares. JPMorgan Chase & Co. cut their price objective on Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating for the company in a report on Friday, January 24th. Morgan Stanley cut their target price 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 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, Inter & Co, Inc. has an average rating of “Moderate Buy” and a consensus price target 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.