Los Angeles Capital Management LLC Makes New $1.39 Million Investment in Inter & Co, Inc. (NASDAQ:INTR)

Los Angeles Capital Management LLC purchased a new position in shares of Inter & Co, Inc. (NASDAQ:INTR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 328,523 shares of the company’s stock, valued at approximately $1,386,000. Los Angeles Capital Management LLC owned approximately 0.08% of Inter & Co, Inc. at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in INTR. Savant Capital LLC bought a new stake in Inter & Co, Inc. during the 4th quarter worth about $42,000. Allspring Global Investments Holdings LLC lifted its position in Inter & Co, Inc. by 17.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company’s stock worth $68,000 after buying an additional 2,399 shares in the last quarter. Atom Investors LP bought a new stake in Inter & Co, Inc. during the 3rd quarter worth about $71,000. Public Employees Retirement System of Ohio bought a new stake in Inter & Co, Inc. during the 3rd quarter worth about $103,000. Finally, FNY Investment Advisers LLC bought a new stake in Inter & Co, Inc. during the 4th quarter worth about $105,000. 22.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Inter & Co, Inc. Stock Up 0.9 %

Shares of INTR stock opened at $5.36 on Friday. 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 firm’s 50-day moving average is $4.84 and its 200-day moving average is $5.81. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 13.74 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 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%. Sell-side analysts predict that Inter & Co, Inc. will post 0.48 EPS for the current year.

Inter & Co, Inc. Dividend Announcement

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