Talon Private Wealth LLC Makes New Investment in Inter & Co, Inc. (NASDAQ:INTR)

Talon Private Wealth LLC bought a new stake in Inter & Co, Inc. (NASDAQ:INTR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 19,702 shares of the company’s stock, valued at approximately $83,000.

Other large investors have also modified their holdings of the company. WCM Investment Management LLC grew its position in Inter & Co, Inc. by 29.0% in the 4th quarter. WCM Investment Management LLC now owns 3,303,578 shares of the company’s stock valued at $13,842,000 after buying an additional 742,769 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Inter & Co, Inc. by 96.8% in the 4th quarter. Marshall Wace LLP now owns 1,946,200 shares of the company’s stock worth $8,213,000 after acquiring an additional 957,361 shares during the period. Swedbank AB purchased a new stake in shares of Inter & Co, Inc. in the fourth quarter valued at about $7,826,000. Geode Capital Management LLC boosted its holdings in shares of Inter & Co, Inc. by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,678,825 shares of the company’s stock valued at $7,047,000 after acquiring an additional 5,992 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Inter & Co, Inc. by 198.7% during the fourth quarter. Northern Trust Corp now owns 1,316,206 shares of the company’s stock worth $5,554,000 after acquiring an additional 875,546 shares during the period. Hedge funds and other institutional investors own 22.90% of the company’s stock.

Inter & Co, Inc. Price Performance

INTR stock opened at $6.49 on Friday. The firm has a 50 day moving average of $5.65 and a 200-day moving average of $5.38. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 16.64 and a beta of 1.24. The company has a current ratio of 0.85, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. Inter & Co, Inc. has a 12-month low of $3.88 and a 12-month high of $7.84.

Inter & Co, Inc. (NASDAQ:INTR) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.11 earnings per share (EPS) 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%. As a group, equities analysts expect that Inter & Co, Inc. will post 0.48 EPS for the current fiscal year.

Inter & Co, Inc. Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 17th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a yield of 0.5%. Inter & Co, Inc.’s payout ratio is 20.51%.

Analyst Ratings Changes

INTR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating for the company in a research report on Friday, January 24th. Morgan Stanley decreased their price target on Inter & Co, Inc. from $4.50 to $4.00 and set an “underweight” rating on the stock in a research note on Monday, March 17th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.78.

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.