JPMorgan Chase & Co. Acquires 1,121,566 Shares of Inter & Co. Inc. $INTR

JPMorgan Chase & Co. boosted its stake in Inter & Co. Inc. (NASDAQ:INTR) by 71,120.2% in the third quarter, HoldingsChannel.com reports. The firm owned 1,123,143 shares of the company’s stock after buying an additional 1,121,566 shares during the period. JPMorgan Chase & Co.’s holdings in Inter & Co. Inc. were worth $10,367,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of INTR. State of New Jersey Common Pension Fund D grew its position in shares of Inter & Co. Inc. by 233.8% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 506,817 shares of the company’s stock valued at $4,678,000 after buying an additional 355,001 shares during the last quarter. Candriam S.C.A. raised its position in shares of Inter & Co. Inc. by 1.7% during the third quarter. Candriam S.C.A. now owns 1,454,000 shares of the company’s stock worth $13,420,000 after acquiring an additional 24,000 shares during the last quarter. WCM Investment Management LLC lifted its stake in shares of Inter & Co. Inc. by 21.3% in the third quarter. WCM Investment Management LLC now owns 10,586,349 shares of the company’s stock worth $98,135,000 after acquiring an additional 1,862,169 shares during the period. Y Intercept Hong Kong Ltd lifted its stake in shares of Inter & Co. Inc. by 6.4% in the third quarter. Y Intercept Hong Kong Ltd now owns 427,512 shares of the company’s stock worth $3,946,000 after acquiring an additional 25,683 shares during the period. Finally, Swedbank AB boosted its holdings in Inter & Co. Inc. by 46.6% in the third quarter. Swedbank AB now owns 3,110,899 shares of the company’s stock valued at $28,714,000 after acquiring an additional 989,100 shares during the last quarter. 22.90% of the stock is owned by institutional investors.

Inter & Co. Inc. Stock Performance

Shares of INTR stock opened at $8.02 on Friday. The firm has a 50 day moving average of $8.84 and a 200-day moving average of $8.81. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 0.35 and a beta of 1.18. The company has a quick ratio of 0.87, a current ratio of 0.89 and a debt-to-equity ratio of 0.08. Inter & Co. Inc. has a 52 week low of $4.86 and a 52 week high of $10.36.

Inter & Co. Inc. (NASDAQ:INTR) last released its 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 company had revenue of $404.31 million for the quarter, compared to the consensus estimate of $441.78 million. Inter & Co. Inc. had a net margin of 12.01% and a return on equity of 13.54%. On average, equities analysts forecast that Inter & Co. Inc. will post 0.48 earnings per share for the current year.

Inter & Co. Inc. Increases Dividend

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

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wall Street Zen raised shares of Inter & Co. Inc. from a “hold” rating to a “buy” rating in a research report on Saturday. Itau BBA Securities lowered shares of Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $11.00 to $10.00 in a research note on Wednesday, November 19th. UBS Group reiterated a “buy” rating and set a $12.00 price objective on shares of Inter & Co. Inc. in a research report on Thursday, February 12th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Inter & Co. Inc. in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $9.00.

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. 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.