Pictet Asset Management Holding SA Buys 67,723 Shares of Inter & Co. Inc. $INTR

Pictet Asset Management Holding SA lifted its stake in Inter & Co. Inc. (NASDAQ:INTR) by 88.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 143,882 shares of the company’s stock after buying an additional 67,723 shares during the period. Pictet Asset Management Holding SA’s holdings in Inter & Co. Inc. were worth $1,220,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC purchased a new stake in Inter & Co. Inc. during the 3rd quarter valued at about $35,000. SG Americas Securities LLC purchased a new position in Inter & Co. Inc. in the 4th quarter worth approximately $123,000. Russell Investments Group Ltd. bought a new stake in Inter & Co. Inc. in the second quarter valued at approximately $188,000. Dark Forest Capital Management LP lifted its position in Inter & Co. Inc. by 74.2% in the third quarter. Dark Forest Capital Management LP now owns 26,918 shares of the company’s stock valued at $248,000 after purchasing an additional 11,465 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Inter & Co. Inc. during the third quarter valued at approximately $277,000. Institutional investors own 22.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. UBS Group restated a “buy” rating and issued a $12.00 target price on shares of Inter & Co. Inc. in a report on Thursday, February 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Inter & Co. Inc. in a research report on Friday, March 27th. Finally, Wall Street Zen lowered shares of Inter & Co. Inc. from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.67.

Inter & Co. Inc. Price Performance

INTR opened at $7.59 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.08. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 0.30 and a beta of 1.02. The stock has a fifty day simple moving average of $8.18 and a two-hundred day simple moving average of $8.64. Inter & Co. Inc. has a 12-month low of $6.40 and a 12-month high of $10.36.

Inter & Co. Inc. (NASDAQ:INTR) last announced its earnings results on Wednesday, February 11th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $404.32 million for the quarter, compared to analysts’ expectations of $441.78 million. Inter & Co. Inc. had a net margin of 12.01% and a return on equity of 13.54%. Research analysts predict that Inter & Co. Inc. will post 0.76 earnings per share for the current fiscal year.

Inter & Co. Inc. Increases Dividend

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

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.