Bank of New York Mellon Corp Acquires 34,042 Shares of Inter & Co, Inc. (NASDAQ:INTR)

Bank of New York Mellon Corp raised its holdings in shares of Inter & Co, Inc. (NASDAQ:INTR) by 15.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 249,851 shares of the company’s stock after purchasing an additional 34,042 shares during the quarter. Bank of New York Mellon Corp’s holdings in Inter & Co, Inc. were worth $1,054,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Savant Capital LLC acquired a new stake in shares of Inter & Co, Inc. during the fourth quarter worth $42,000. Atom Investors LP bought a new position in Inter & Co, Inc. during the third quarter worth about $71,000. Public Employees Retirement System of Ohio acquired a new position in shares of Inter & Co, Inc. during the 3rd quarter worth about $103,000. Allspring Global Investments Holdings LLC increased its stake in shares of Inter & Co, Inc. by 17.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company’s stock valued at $68,000 after acquiring an additional 2,399 shares during the last quarter. Finally, Walleye Capital LLC acquired a new stake in shares of Inter & Co, Inc. in the 3rd quarter valued at approximately $162,000. Institutional investors own 22.90% of the company’s stock.

Inter & Co, Inc. Price Performance

NASDAQ INTR opened at $5.61 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.85. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 14.38 and a beta of 1.31. The business has a 50 day simple moving average of $5.28 and a 200 day simple moving average of $5.56. 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 data on Thursday, February 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping 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%. Analysts anticipate that Inter & Co, Inc. will post 0.48 earnings per share for the current fiscal year.

Inter & Co, Inc. Dividend Announcement

The company also recently announced an annual dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 17th were issued a dividend of $0.08 per share. 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%.

Wall Street Analysts Forecast Growth

INTR has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased 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 report on Friday, January 24th. Morgan Stanley decreased their price target on shares of Inter & Co, Inc. from $4.50 to $4.00 and set an “underweight” rating for the company in a report on Monday, March 17th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Inter & Co, Inc. has a consensus rating of “Moderate Buy” and a consensus price target of $6.78.

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.