Mariner LLC Makes New $211,000 Investment in Inter & Co, Inc. (NASDAQ:INTR)

Mariner LLC purchased a new stake in Inter & Co, Inc. (NASDAQ:INTR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 49,886 shares of the company’s stock, valued at approximately $211,000.

Several other large investors have also modified their holdings of INTR. US Bancorp DE increased its holdings in Inter & Co, Inc. by 6,054.6% in the 4th quarter. US Bancorp DE now owns 5,970 shares of the company’s stock valued at $25,000 after purchasing an additional 5,873 shares during the last quarter. Savant Capital LLC acquired a new stake in shares of Inter & Co, Inc. in the fourth quarter valued at $42,000. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Inter & Co, Inc. by 78.6% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company’s stock valued at $52,000 after buying an additional 5,500 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Inter & Co, Inc. by 17.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company’s stock worth $68,000 after acquiring an additional 2,399 shares in the last quarter. Finally, Prudential PLC boosted its holdings in Inter & Co, Inc. by 27.0% during the 4th quarter. Prudential PLC now owns 18,539 shares of the company’s stock valued at $78,000 after acquiring an additional 3,937 shares during the period. Institutional investors and hedge funds own 22.90% of the company’s stock.

Analysts Set New Price Targets

INTR has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price target 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 target price 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 given a buy rating to the company’s stock. Based on data from MarketBeat, Inter & Co, Inc. presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.78.

Inter & Co, Inc. Price Performance

Shares of NASDAQ INTR opened at $6.74 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.85. Inter & Co, Inc. has a one year low of $3.88 and a one year high of $7.84. The firm has a market capitalization of $2.92 billion, a P/E ratio of 17.27 and a beta of 1.18. The company’s fifty day moving average is $5.73 and its two-hundred day moving average is $5.37.

Inter & Co, Inc. (NASDAQ:INTR) last posted its earnings results on Thursday, February 6th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Inter & Co, Inc. had a return on equity of 10.06% and a net margin of 11.74%. Analysts forecast that Inter & Co, Inc. will post 0.48 EPS for the current fiscal year.

Inter & Co, Inc. Dividend Announcement

The business also recently declared an annual dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 17th were given 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.