SPX Gestao de Recursos Ltda Purchases Shares of 2,050,930 Inter & Co. Inc. $INTR

SPX Gestao de Recursos Ltda acquired a new stake in shares of Inter & Co. Inc. (NASDAQ:INTR) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 2,050,930 shares of the company’s stock, valued at approximately $18,930,000. Inter & Co. Inc. comprises about 1.6% of SPX Gestao de Recursos Ltda’s holdings, making the stock its 18th biggest position.

A number of other institutional investors have also recently bought and sold shares of INTR. Marshall Wace LLP increased its position in Inter & Co. Inc. by 3.8% during the second quarter. Marshall Wace LLP now owns 4,708,880 shares of the company’s stock worth $34,987,000 after purchasing an additional 171,379 shares during the last quarter. WCM Investment Management LLC boosted its holdings in shares of Inter & Co. Inc. by 21.3% in the 3rd quarter. WCM Investment Management LLC now owns 10,586,349 shares of the company’s stock valued at $98,135,000 after purchasing an additional 1,862,169 shares during the last quarter. Tredje AP fonden acquired a new position in shares of Inter & Co. Inc. in the 3rd quarter valued at $12,372,000. William Blair Investment Management LLC grew its stake in shares of Inter & Co. Inc. by 108.9% during the 3rd quarter. William Blair Investment Management LLC now owns 3,484,335 shares of the company’s stock valued at $32,160,000 after buying an additional 1,816,322 shares during the period. Finally, TT International Asset Management LTD acquired a new stake in shares of Inter & Co. Inc. during the 3rd quarter worth $2,950,000. 22.90% of the stock is currently owned by hedge funds and other institutional investors.

Inter & Co. Inc. Trading Down 2.7%

NASDAQ:INTR opened at $8.02 on Friday. The business’s 50-day moving average is $8.84 and its two-hundred day moving average is $8.81. The firm has a market capitalization of $3.53 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 0.35 and a beta of 1.18. Inter & Co. Inc. has a 12 month low of $4.86 and a 12 month high of $10.36. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.89 and a quick ratio of 0.87.

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

Inter & Co. Inc. Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Thursday, March 5th. Shareholders of record on Sunday, February 22nd were given a $0.1131 dividend. This represents a yield of 122.0%. This is a positive change from Inter & Co. Inc.’s previous annual dividend of $0.08. The ex-dividend date of this dividend was Friday, February 20th. Inter & Co. Inc.’s dividend payout ratio is 20.37%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. UBS Group reaffirmed a “buy” rating and issued a $12.00 target price on shares of Inter & Co. Inc. in a research report on Thursday, February 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Inter & Co. Inc. in a report on Monday, December 29th. Itau BBA Securities cut Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $11.00 to $10.00 in a report on Wednesday, November 19th. Finally, Wall Street Zen raised shares of Inter & Co. Inc. from a “hold” rating to a “buy” rating in a research report on Saturday. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $9.00.

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.