JPMorgan Chase & Co. Has $10.37 Million Stake in Inter & Co. Inc. $INTR

JPMorgan Chase & Co. raised its stake in Inter & Co. Inc. (NASDAQ:INTR) by 71,120.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,123,143 shares of the company’s stock after acquiring an additional 1,121,566 shares during the period. JPMorgan Chase & Co.’s holdings in Inter & Co. Inc. were worth $10,367,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of INTR. Farther Finance Advisors LLC bought a new position in shares of Inter & Co. Inc. during the third quarter valued at $35,000. Scotia Capital Inc. acquired a new stake in shares of Inter & Co. Inc. in the 2nd quarter valued at $99,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Inter & Co. Inc. in the 2nd quarter worth about $179,000. Russell Investments Group Ltd. bought a new stake in shares of Inter & Co. Inc. in the 2nd quarter worth about $188,000. Finally, Dark Forest Capital Management LP increased its position in shares of Inter & Co. Inc. by 74.2% during the 3rd quarter. Dark Forest Capital Management LP now owns 26,918 shares of the company’s stock worth $248,000 after purchasing an additional 11,465 shares in the last quarter. 22.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on INTR. Weiss Ratings reissued a “hold (c+)” rating on shares of Inter & Co. Inc. in a report on Monday, December 29th. Wall Street Zen cut shares of Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, UBS Group reiterated a “buy” rating and issued a $12.00 target price on shares of Inter & Co. Inc. in a research note on Thursday, February 12th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Inter & Co. Inc. has a consensus rating of “Moderate Buy” and an average target price of $10.67.

Inter & Co. Inc. Price Performance

Shares of INTR stock opened at $7.71 on Friday. Inter & Co. Inc. has a 52 week low of $4.86 and a 52 week high of $10.36. The stock has a market capitalization of $3.39 billion, a PE ratio of 14.28, a PEG ratio of 0.33 and a beta of 1.18. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.87 and a current ratio of 0.89. The stock’s fifty day moving average is $8.73 and its 200-day moving average is $8.80.

Inter & Co. Inc. (NASDAQ:INTR) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $404.31 million during the quarter, compared to analysts’ expectations of $441.78 million. Inter & Co. Inc. had a return on equity of 13.54% and a net margin of 12.01%. Equities research analysts expect that Inter & Co. Inc. will post 0.48 EPS for the current fiscal year.

Inter & Co. Inc. Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Thursday, March 5th. Shareholders of record on Sunday, February 22nd were given a $0.1131 dividend. This represents a yield of 122.0%. The ex-dividend date was Friday, February 20th. This is a boost from Inter & Co. Inc.’s previous annual dividend of $0.08. Inter & Co. Inc.’s dividend payout ratio is 20.37%.

Inter & Co. Inc. Company 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. The Securities segment is involved in the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market, and the provision of administration services to investment funds.