WIM INVESTMENT MANAGEMENT Ltd Takes Position in Inter & Co. Inc. $INTR

WIM INVESTMENT MANAGEMENT Ltd purchased a new stake in Inter & Co. Inc. (NASDAQ:INTR) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 981,400 shares of the company’s stock, valued at approximately $9,058,000. Inter & Co. Inc. makes up 2.3% of WIM INVESTMENT MANAGEMENT Ltd’s investment portfolio, making the stock its 11th largest holding.

A number of other hedge funds also recently bought and sold shares of the business. Farther Finance Advisors LLC purchased a new stake in shares of Inter & Co. Inc. in the third quarter valued at approximately $35,000. SBI Securities Co. Ltd. increased its holdings in Inter & Co. Inc. by 1,281.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 5,649 shares of the company’s stock worth $42,000 after acquiring an additional 5,240 shares in the last quarter. Scotia Capital Inc. acquired a new position in Inter & Co. Inc. during the second quarter worth $99,000. Entropy Technologies LP purchased a new position in Inter & Co. Inc. during the second quarter valued at $131,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Inter & Co. Inc. in the second quarter valued at about $172,000. Hedge funds and other institutional investors own 22.90% of the company’s stock.

Analyst Upgrades and Downgrades

INTR has been the subject of several research analyst reports. The Goldman Sachs Group upped their price target on shares of Inter & Co. Inc. from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Inter & Co. Inc. in a research note on Monday, December 29th. Itau BBA Securities lowered Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $11.00 to $10.00 in a report on Wednesday, November 19th. Finally, UBS Group reaffirmed a “buy” rating and set a $12.00 target price on shares of Inter & Co. Inc. in a report on Thursday, February 12th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.00.

Inter & Co. Inc. Stock Up 1.5%

Shares of NASDAQ:INTR opened at $9.04 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.89 and a debt-to-equity ratio of 0.08. The business has a fifty day moving average of $8.81 and a two-hundred day moving average of $8.80. The stock has a market cap of $3.97 billion, a P/E ratio of 16.74, a PEG ratio of 0.38 and a beta of 1.16. Inter & Co. Inc. has a 52-week low of $4.86 and a 52-week high of $10.36.

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

Inter & Co. Inc. Increases Dividend

The company also recently announced an annual dividend, which will be paid on Thursday, March 5th. Shareholders of record on Sunday, February 22nd will be paid a dividend of $0.1131 per share. This represents a yield of 122.0%. This is a boost from Inter & Co. Inc.’s previous annual dividend of $0.08. The ex-dividend date of this dividend is Friday, February 20th. 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.