State of New Jersey Common Pension Fund D Has $4.68 Million Stock Position in Inter & Co. Inc. $INTR

State of New Jersey Common Pension Fund D lifted its holdings in shares of Inter & Co. Inc. (NASDAQ:INTR) by 233.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 506,817 shares of the company’s stock after purchasing an additional 355,001 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Inter & Co. Inc. were worth $4,678,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Marshall Wace LLP raised its position in Inter & Co. Inc. by 3.8% during the 2nd quarter. Marshall Wace LLP now owns 4,708,880 shares of the company’s stock worth $34,987,000 after purchasing an additional 171,379 shares during the last quarter. WCM Investment Management LLC increased its stake in shares of Inter & Co. Inc. by 21.3% in the third quarter. WCM Investment Management LLC now owns 10,586,349 shares of the company’s stock valued at $98,135,000 after buying an additional 1,862,169 shares during the period. TT International Asset Management LTD bought a new position in shares of Inter & Co. Inc. during the third quarter worth about $2,950,000. American Century Companies Inc. raised its position in shares of Inter & Co. Inc. by 53.6% during 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. Finally, Swedbank AB lifted its stake in shares of Inter & Co. Inc. by 46.6% in the third quarter. Swedbank AB now owns 3,110,899 shares of the company’s stock worth $28,714,000 after acquiring an additional 989,100 shares during the period. Institutional investors own 22.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on INTR. Weiss Ratings reissued a “hold (c+)” rating on shares of Inter & Co. Inc. in a research report on Monday, December 29th. Itau BBA Securities cut shares of Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $11.00 to $10.00 in a research report on Wednesday, November 19th. UBS Group reissued a “buy” rating and set a $12.00 target price on shares of Inter & Co. Inc. in a research note on Thursday, February 12th. Finally, The Goldman Sachs Group upped their price target on shares of Inter & Co. Inc. from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $9.00.

Inter & Co. Inc. Trading Up 2.6%

INTR opened at $9.04 on Friday. The company has a fifty day moving average price of $8.76 and a two-hundred day moving average price of $8.74. Inter & Co. Inc. has a 1-year low of $4.86 and a 1-year high of $10.36. The company has a market cap of $3.97 billion, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 0.32 and a beta of 1.16. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.08.

Inter & Co. Inc. (NASDAQ:INTR) last issued its earnings results on Wednesday, February 11th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. The company had revenue of $404.31 million during the quarter, compared to the consensus estimate of $441.78 million. Inter & Co. Inc. had a return on equity of 13.54% and a net margin of 12.01%. Analysts predict that Inter & Co. Inc. will post 0.48 EPS for the current fiscal year.

Inter & Co. Inc. Increases Dividend

The business also recently declared an annual dividend, which will be paid on Thursday, March 5th. Shareholders of record on Sunday, February 22nd will be paid a dividend of $0.1131 per share. This is an increase from Inter & Co. Inc.’s previous annual dividend of $0.08. The ex-dividend date is Friday, February 20th. This represents a yield of 125.0%. Inter & Co. Inc.’s dividend payout ratio (DPR) is presently 14.81%.

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. 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.