Inter & Co. Inc. $INTR Shares Bought by Citigroup Inc.

Citigroup Inc. raised its stake in shares of Inter & Co. Inc. (NASDAQ:INTR) by 19.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 404,035 shares of the company’s stock after purchasing an additional 66,198 shares during the period. Citigroup Inc. owned 0.09% of Inter & Co. Inc. worth $3,729,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Marshall Wace LLP lifted its stake in Inter & Co. Inc. by 3.8% in the 2nd quarter. Marshall Wace LLP now owns 4,708,880 shares of the company’s stock valued at $34,987,000 after buying an additional 171,379 shares in the last quarter. WCM Investment Management LLC raised its holdings in shares of Inter & Co. Inc. by 21.3% during the third quarter. WCM Investment Management LLC now owns 10,586,349 shares of the company’s stock valued at $98,135,000 after acquiring an additional 1,862,169 shares during the last quarter. Tredje AP fonden acquired a new position in shares of Inter & Co. Inc. during the third quarter valued at approximately $12,372,000. TT International Asset Management LTD purchased a new position in shares of Inter & Co. Inc. in the third quarter valued at approximately $2,950,000. Finally, American Century Companies Inc. boosted its stake in shares of Inter & Co. Inc. by 53.6% in the second quarter. American Century Companies Inc. now owns 1,184,222 shares of the company’s stock worth $8,799,000 after acquiring an additional 413,208 shares during the last quarter. Institutional investors and hedge funds own 22.90% of the company’s stock.

Inter & Co. Inc. Stock Down 1.9%

Shares of NASDAQ INTR opened at $8.24 on Friday. The company has a market capitalization of $3.62 billion, a P/E ratio of 15.26, a P/E/G ratio of 0.36 and a beta of 1.18. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.89 and a quick ratio of 0.87. The company has a 50 day simple moving average of $8.85 and a 200-day simple moving average of $8.81. Inter & Co. Inc. has a 1 year low of $4.86 and a 1 year high of $10.36.

Inter & Co. Inc. (NASDAQ:INTR) last issued its quarterly earnings data 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 analyst estimates of $441.78 million. On average, equities research analysts predict that Inter & Co. Inc. will post 0.48 earnings per share for the current year.

Inter & Co. Inc. Increases Dividend

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

Wall Street Analysts Forecast Growth

INTR has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Inter & Co. Inc. in a research note on Monday, December 29th. 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. Finally, Itau BBA Securities downgraded shares of Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $11.00 to $10.00 in a research note on Wednesday, November 19th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $9.00.

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. 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.