Jump Financial LLC Invests $1.53 Million in Inter & Co, Inc. (NASDAQ:INTR)

Jump Financial LLC purchased a new stake in Inter & Co, Inc. (NASDAQ:INTR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 362,015 shares of the company’s stock, valued at approximately $1,528,000. Jump Financial LLC owned about 0.08% of Inter & Co, Inc. as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the business. State Street Corp boosted its stake in shares of Inter & Co, Inc. by 254.0% during the 3rd quarter. State Street Corp now owns 3,339,841 shares of the company’s stock valued at $22,243,000 after buying an additional 2,396,448 shares during the last quarter. WCM Investment Management LLC boosted its stake in Inter & Co, Inc. by 29.0% during the 4th quarter. WCM Investment Management LLC now owns 3,303,578 shares of the company’s stock valued at $13,842,000 after acquiring an additional 742,769 shares during the last quarter. Swedbank AB acquired a new position in Inter & Co, Inc. during the 4th quarter worth $7,826,000. Geode Capital Management LLC increased its position in shares of Inter & Co, Inc. by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,678,825 shares of the company’s stock worth $7,047,000 after purchasing an additional 5,992 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Inter & Co, Inc. in the 3rd quarter valued at about $8,311,000. Institutional investors and hedge funds own 22.90% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on INTR shares. JPMorgan Chase & Co. lowered their price objective on 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 lowered their price target on 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 analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.78.

Inter & Co, Inc. Stock Up 2.3 %

Shares of Inter & Co, Inc. stock opened at $5.77 on Friday. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 14.79 and a beta of 1.24. Inter & Co, Inc. has a twelve month low of $3.88 and a twelve month high of $7.84. The company has a current ratio of 0.85, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. The business’s 50 day simple moving average is $5.46 and its 200-day simple moving average is $5.36.

Inter & Co, Inc. (NASDAQ:INTR) last issued its earnings results on Thursday, February 6th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. Inter & Co, Inc. had a return on equity of 10.06% and a net margin of 11.74%. Equities research analysts forecast that Inter & Co, Inc. will post 0.48 earnings per share for the current 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 paid 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 payout ratio is 20.51%.

About Inter & Co, Inc.

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.