SPX Gestao de Recursos Ltda Sells 697,615 Shares of Inter & Co, Inc. (NASDAQ:INTR)

SPX Gestao de Recursos Ltda decreased its position in Inter & Co, Inc. (NASDAQ:INTR) by 78.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 186,349 shares of the company’s stock after selling 697,615 shares during the period. SPX Gestao de Recursos Ltda’s holdings in Inter & Co, Inc. were worth $786,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. US Bancorp DE grew its holdings in shares of Inter & Co, Inc. by 6,054.6% in the fourth quarter. US Bancorp DE now owns 5,970 shares of the company’s stock worth $25,000 after purchasing an additional 5,873 shares during the last quarter. Savant Capital LLC bought a new position in shares of Inter & Co, Inc. in the fourth quarter worth approximately $42,000. Atom Investors LP bought a new position in shares of Inter & Co, Inc. in the third quarter worth approximately $71,000. Public Employees Retirement System of Ohio bought a new position in shares of Inter & Co, Inc. in the third quarter worth approximately $103,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Inter & Co, Inc. by 17.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company’s stock worth $68,000 after purchasing an additional 2,399 shares during the last quarter. Institutional investors own 22.90% of the company’s stock.

Inter & Co, Inc. Stock Performance

NASDAQ:INTR opened at $5.24 on Tuesday. The stock has a market cap of $2.28 billion, a P/E ratio of 13.44 and a beta of 1.31. The firm’s fifty day simple moving average is $4.98 and its 200 day simple moving average is $5.69. Inter & Co, Inc. has a twelve month low of $3.88 and a twelve month high of $7.84. The company has a quick ratio of 0.87, a current ratio of 0.85 and a debt-to-equity ratio of 0.01.

Inter & Co, Inc. (NASDAQ:INTR) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.11 earnings per share 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%. As a group, research analysts predict that Inter & Co, Inc. will post 0.48 EPS for the current year.

Inter & Co, Inc. Dividend Announcement

The business also recently declared an annual dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 17th were issued a $0.08 dividend. This represents a yield of 0.5%. The ex-dividend date was Friday, February 14th. Inter & Co, Inc.’s dividend payout ratio (DPR) is currently 20.51%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut their target price on shares of Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating on the stock in a report on Friday, January 24th.

Inter & Co, Inc. 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.