DnB Asset Management AS Has $77,000 Position in Inter & Co, Inc. (NASDAQ:INTR)

DnB Asset Management AS cut its holdings in shares of Inter & Co, Inc. (NASDAQ:INTR) by 40.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,321 shares of the company’s stock after selling 12,693 shares during the period. DnB Asset Management AS’s holdings in Inter & Co, Inc. were worth $77,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in INTR. US Bancorp DE lifted its holdings in shares of Inter & Co, Inc. by 6,054.6% during 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 period. Savant Capital LLC acquired a new position in Inter & Co, Inc. during the 4th quarter worth about $42,000. Atom Investors LP bought a new stake in shares of Inter & Co, Inc. in the 3rd quarter valued at about $71,000. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Inter & Co, Inc. by 78.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company’s stock valued at $52,000 after buying an additional 5,500 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Inter & Co, Inc. during the third quarter worth about $103,000. 22.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on INTR shares. JPMorgan Chase & Co. decreased their target price on shares of Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating for the company in a research report on Friday, January 24th. Morgan Stanley lowered their target price on shares of Inter & Co, Inc. from $4.50 to $4.00 and set an “underweight” rating for the company in a research note on Monday, March 17th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $6.78.

Inter & Co, Inc. Stock Performance

Shares of INTR stock opened at $5.52 on Thursday. The company has a market cap of $2.40 billion, a P/E ratio of 14.15 and a beta of 1.31. Inter & Co, Inc. has a fifty-two week low of $3.88 and a fifty-two week high of $7.84. The stock has a 50 day simple moving average of $5.41 and a two-hundred day simple moving average of $5.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.85.

Inter & Co, Inc. (NASDAQ:INTR) last released its earnings results on Thursday, February 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 forecast that Inter & Co, Inc. will post 0.48 earnings per share for the current year.

Inter & Co, Inc. Announces Dividend

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

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.