328,523 Shares in Inter & Co, Inc. (NASDAQ:INTR) Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC purchased a new position in shares of Inter & Co, Inc. (NASDAQ:INTR) during the 4th quarter, Holdings Channel.com reports. The firm purchased 328,523 shares of the company’s stock, valued at approximately $1,386,000.

Other large investors have also made changes to their positions in the company. Citigroup Inc. boosted its position in shares of Inter & Co, Inc. by 4,711.6% during the 3rd quarter. Citigroup Inc. now owns 1,061,289 shares of the company’s stock worth $7,068,000 after acquiring an additional 1,039,232 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Inter & Co, Inc. during the 3rd quarter worth approximately $8,311,000. Geode Capital Management LLC boosted its position in shares of Inter & Co, Inc. by 436.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,672,833 shares of the company’s stock worth $11,060,000 after acquiring an additional 1,361,258 shares in the last quarter. Public Sector Pension Investment Board acquired a new stake in shares of Inter & Co, Inc. during the 3rd quarter worth approximately $1,373,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Inter & Co, Inc. during the 3rd quarter worth approximately $4,874,000. Institutional investors and hedge funds own 22.90% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. dropped their price objective on shares of Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating for the company in a research note on Friday, January 24th.

Inter & Co, Inc. Price Performance

Shares of NASDAQ:INTR opened at $5.36 on Friday. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 13.74 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.85 and a quick ratio of 0.87. The firm has a 50 day simple moving average of $4.84 and a 200 day simple moving average of $5.81. Inter & Co, Inc. has a one year low of $3.88 and a one year high of $7.84.

Inter & Co, Inc. (NASDAQ:INTR) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. Inter & Co, Inc. had a net margin of 11.74% and a return on equity of 10.06%. Research analysts predict 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 declared an annual dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 17th were paid a dividend of $0.08 per share. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, February 14th. Inter & Co, Inc.’s payout ratio is currently 20.51%.

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.