Inter Parfums, Inc. (IPAR) Shares Sold by Suntrust Banks Inc.
Suntrust Banks Inc. decreased its stake in Inter Parfums, Inc. (NASDAQ:IPAR) by 12.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,175 shares of the company’s stock after selling 4,825 shares during the quarter. Suntrust Banks Inc.’s holdings in Inter Parfums were worth $1,527,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in IPAR. BlackRock Inc. grew its position in shares of Inter Parfums by 5.5% in the fourth quarter. BlackRock Inc. now owns 2,773,519 shares of the company’s stock valued at $120,509,000 after purchasing an additional 144,319 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Inter Parfums in the fourth quarter valued at about $1,458,000. Dimensional Fund Advisors LP grew its position in shares of Inter Parfums by 2.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,424,957 shares of the company’s stock valued at $58,780,000 after purchasing an additional 33,230 shares during the period. Wells Fargo & Company MN grew its position in shares of Inter Parfums by 115.0% in the fourth quarter. Wells Fargo & Company MN now owns 56,545 shares of the company’s stock valued at $2,458,000 after purchasing an additional 30,239 shares during the period. Finally, Stifel Financial Corp grew its position in shares of Inter Parfums by 6.8% in the third quarter. Stifel Financial Corp now owns 395,782 shares of the company’s stock valued at $16,335,000 after purchasing an additional 25,347 shares during the period. Institutional investors and hedge funds own 55.10% of the company’s stock.
Inter Parfums, Inc. (IPAR) opened at $42.60 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.39 and a quick ratio of 2.54. The firm has a market cap of $1,328.57, a PE ratio of 31.32, a PEG ratio of 2.43 and a beta of 1.70. Inter Parfums, Inc. has a 52 week low of $33.72 and a 52 week high of $48.35.
In other news, CFO Philippe Santi sold 600 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $43.86, for a total value of $26,316.00. Following the transaction, the chief financial officer now directly owns 600 shares of the company’s stock, valued at $26,316. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Russell Greenberg sold 7,595 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $47.59, for a total transaction of $361,446.05. Following the completion of the transaction, the chief financial officer now directly owns 5,000 shares in the company, valued at $237,950. The disclosure for this sale can be found here. Over the last three months, insiders sold 44,595 shares of company stock worth $2,010,612. Insiders own 45.40% of the company’s stock.
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Inter Parfums Profile
Inter Parfums, Inc operates in the fragrance business. The Company manufactures, markets and distributes an array of fragrance and fragrance related products. It operates through two segments: European based operations and United States based operations. The European Operations segment produces and distributes its fragrance products under license agreements with brand owners.
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