Allspring Global Investments Holdings LLC Increases Stake in Inter & Co, Inc. (NASDAQ:INTR)

Allspring Global Investments Holdings LLC grew its stake in shares of Inter & Co, Inc. (NASDAQ:INTR) by 17.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,024 shares of the company’s stock after purchasing an additional 2,399 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Inter & Co, Inc. were worth $68,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Savant Capital LLC bought a new stake in Inter & Co, Inc. in the 4th quarter valued at $42,000. WCM Investment Management LLC grew its position in shares of Inter & Co, Inc. by 29.0% during the fourth quarter. WCM Investment Management LLC now owns 3,303,578 shares of the company’s stock valued at $13,842,000 after purchasing an additional 742,769 shares in the last quarter. Swedbank AB bought a new stake in shares of Inter & Co, Inc. in the fourth quarter worth about $7,826,000. FNY Investment Advisers LLC bought a new stake in shares of Inter & Co, Inc. in the fourth quarter worth about $105,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Inter & Co, Inc. in the third quarter worth about $8,311,000. Hedge funds and other institutional investors own 22.90% of the company’s stock.

Analyst Ratings Changes

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

Inter & Co, Inc. Price Performance

INTR stock opened at $5.29 on Thursday. The company has a fifty day simple moving average of $4.78 and a two-hundred day simple moving average of $5.82. The company has a quick ratio of 0.87, a current ratio of 0.85 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.30 billion, a P/E ratio of 13.56 and a beta of 1.32. Inter & Co, Inc. has a 52 week low of $3.88 and a 52 week high of $7.84.

Inter & Co, Inc. (NASDAQ:INTR) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Inter & Co, Inc. had a return on equity of 10.06% and a net margin of 11.74%. Analysts anticipate 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 disclosed an annual dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 17th were given 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 presently 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.