Axxcess Wealth Management LLC Acquires New Position in Inter & Co, Inc. (NASDAQ:INTR)

Axxcess Wealth Management LLC bought a new position in Inter & Co, Inc. (NASDAQ:INTR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 98,958 shares of the company’s stock, valued at approximately $550,000.

A number of other hedge funds have also bought and sold shares of INTR. Jump Financial LLC purchased a new position in Inter & Co, Inc. during the third quarter valued at approximately $42,000. Quadrature Capital Ltd bought a new position in Inter & Co, Inc. in the 3rd quarter valued at $47,000. Finally, First Trust Direct Indexing L.P. bought a new position in Inter & Co, Inc. in the 3rd quarter valued at $50,000. 22.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

INTR has been the topic of a number of recent analyst reports. Citigroup downgraded Inter & Co, Inc. from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $6.30 to $6.00 in a research report on Friday, February 16th. The Goldman Sachs Group raised their price target on Inter & Co, Inc. from $5.80 to $6.50 and gave the company a “buy” rating in a report on Friday, February 9th.

Inter & Co, Inc. Price Performance

Shares of NASDAQ:INTR opened at $5.40 on Wednesday. The company’s fifty day moving average price is $5.65 and its 200-day moving average price is $5.33. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 36.00 and a beta of 1.47. Inter & Co, Inc. has a one year low of $1.68 and a one year high of $6.44.

Inter & Co, Inc. (NASDAQ:INTR) last announced its earnings results on Wednesday, February 7th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. Inter & Co, Inc. had a net margin of 5.01% and a return on equity of 4.16%. The company had revenue of $265.06 million during the quarter, compared to analyst estimates of $269.81 million. On average, equities research analysts anticipate that Inter & Co, Inc. will post 0.37 earnings per share for the current fiscal year.

Inter & Co, Inc. Announces Dividend

The company also recently disclosed a — dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 16th were issued a $0.03 dividend. The ex-dividend date was Monday, April 15th. Inter & Co, Inc.’s payout ratio is currently 20.00%.

About Inter & Co, Inc.

Inter & Co, Inc, through its subsidiaries, engages in the banking and spending, investments, insurance brokerage businesses. The company's Banking & Spending segment offers banking products and services, including checking accounts, cards, deposits, loans and advances, and other services.