Axxcess Wealth Management LLC Makes New $550,000 Investment in Inter & Co, Inc. (NASDAQ:INTR)

Axxcess Wealth Management LLC bought a new stake in Inter & Co, Inc. (NASDAQ:INTR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 98,958 shares of the company’s stock, valued at approximately $550,000.

Several other large investors also recently modified their holdings of the business. Jump Financial LLC bought a new position in shares of Inter & Co, Inc. during the 3rd quarter valued at about $42,000. Quadrature Capital Ltd bought a new position in Inter & Co, Inc. in the third quarter valued at approximately $47,000. Finally, First Trust Direct Indexing L.P. acquired a new position in shares of Inter & Co, Inc. in the third quarter valued at approximately $50,000. 22.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

INTR has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their price objective on shares of Inter & Co, Inc. from $5.80 to $6.50 and gave the stock a “buy” rating in a report on Friday, February 9th. Citigroup lowered shares of Inter & Co, Inc. from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $6.30 to $6.00 in a research report on Friday, February 16th.

Inter & Co, Inc. Trading Down 0.9 %

Shares of Inter & Co, Inc. stock opened at $5.40 on Wednesday. The stock has a market cap of $2.34 billion, a P/E ratio of 36.00 and a beta of 1.47. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.01. Inter & Co, Inc. has a 12-month low of $1.68 and a 12-month high of $6.44. The business’s 50 day moving average is $5.65 and its 200-day moving average is $5.33.

Inter & Co, Inc. (NASDAQ:INTR) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. Inter & Co, Inc. had a net margin of 5.01% and a return on equity of 4.16%. The firm had revenue of $265.06 million for the quarter, compared to analyst estimates of $269.81 million. Equities research analysts predict that Inter & Co, Inc. will post 0.37 earnings per share for the current fiscal year.

Inter & Co, Inc. Announces Dividend

The company also recently announced a — dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 16th were paid a $0.03 dividend. The ex-dividend date of this dividend was Monday, April 15th. Inter & Co, Inc.’s dividend payout ratio (DPR) is currently 20.00%.

Inter & Co, Inc. Profile

Inter & Co, Inc, through its subsidiaries, engages in the banking and spending, investments, insurance brokerage businesses. The company's Banking & Spending segment offers banking products and services, including checking accounts, cards, deposits, loans and advances, and other services.