JPMorgan Chase & Co. Has $10.37 Million Stake in Inter & Co. Inc. $INTR

JPMorgan Chase & Co. increased its stake in shares of Inter & Co. Inc. (NASDAQ:INTR) by 71,120.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,123,143 shares of the company’s stock after buying an additional 1,121,566 shares during the quarter. JPMorgan Chase & Co. owned about 0.26% of Inter & Co. Inc. worth $10,367,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC bought a new stake in shares of Inter & Co. Inc. during the 3rd quarter valued at $35,000. SBI Securities Co. Ltd. raised its stake in Inter & Co. Inc. by 1,281.2% in the second quarter. SBI Securities Co. Ltd. now owns 5,649 shares of the company’s stock valued at $42,000 after purchasing an additional 5,240 shares in the last quarter. Scotia Capital Inc. acquired a new position in Inter & Co. Inc. in the second quarter valued at about $99,000. Entropy Technologies LP acquired a new stake in Inter & Co. Inc. during the second quarter worth about $131,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in Inter & Co. Inc. in the 2nd quarter valued at about $172,000. Institutional investors own 22.90% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Inter & Co. Inc. Price Performance

Inter & Co. Inc. stock opened at $8.02 on Friday. The stock has a 50-day moving average price of $8.84 and a two-hundred day moving average price of $8.81. Inter & Co. Inc. has a 12 month low of $4.86 and a 12 month high of $10.36. The company has a market capitalization of $3.53 billion, a PE ratio of 14.85, a P/E/G ratio of 0.35 and a beta of 1.18. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.08.

Inter & Co. Inc. (NASDAQ:INTR) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The company had revenue of $404.31 million during the quarter, compared to the consensus estimate of $441.78 million. Inter & Co. Inc. had a return on equity of 13.54% and a net margin of 12.01%. Analysts expect that Inter & Co. Inc. will post 0.48 EPS for the current year.

Inter & Co. Inc. Increases Dividend

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

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. 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.