Headlands Technologies LLC lifted its stake in shares of Inter & Co. Inc. (NASDAQ:INTR – Free Report) by 571.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 216,603 shares of the company’s stock after buying an additional 184,340 shares during the period. Headlands Technologies LLC’s holdings in Inter & Co. Inc. were worth $1,176,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Pictet Asset Management Holding SA grew its position in Inter & Co. Inc. by 88.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 143,882 shares of the company’s stock worth $1,220,000 after acquiring an additional 67,723 shares during the last quarter. WIM INVESTMENT MANAGEMENT Ltd increased its holdings in Inter & Co. Inc. by 41.3% in the 4th quarter. WIM INVESTMENT MANAGEMENT Ltd now owns 1,386,400 shares of the company’s stock worth $11,757,000 after purchasing an additional 405,000 shares in the last quarter. Hsbc Holdings PLC bought a new position in Inter & Co. Inc. in the first quarter valued at about $1,849,000. William Blair Investment Management LLC raised its position in Inter & Co. Inc. by 60.6% in the fourth quarter. William Blair Investment Management LLC now owns 5,595,196 shares of the company’s stock valued at $47,447,000 after purchasing an additional 2,110,861 shares during the last quarter. Finally, SPX Gestao de Recursos Ltda raised its position in Inter & Co. Inc. by 1,059.2% in the first quarter. SPX Gestao de Recursos Ltda now owns 4,023,802 shares of the company’s stock valued at $32,029,000 after purchasing an additional 3,676,696 shares during the last quarter. 22.90% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
INTR has been the topic of several research reports. Citigroup cut Inter & Co. Inc. from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $12.00 to $6.50 in a report on Monday, May 18th. The Goldman Sachs Group dropped their price objective on shares of Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating for the company in a report on Friday, May 8th. Wall Street Zen downgraded shares of Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. JPMorgan Chase & Co. reduced their target price on shares of Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Finally, UBS Group decreased their price target on shares of Inter & Co. Inc. from $9.40 to $8.80 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.16.
Inter & Co. Inc. Stock Performance
Shares of INTR opened at $5.41 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.08. The firm’s fifty day simple moving average is $5.47 and its two-hundred day simple moving average is $6.75. Inter & Co. Inc. has a 12 month low of $5.04 and a 12 month high of $10.36. The stock has a market capitalization of $2.39 billion, a P/E ratio of 8.20, a price-to-earnings-growth ratio of 0.21 and a beta of 0.95.
Inter & Co. Inc. (NASDAQ:INTR – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. The firm had revenue of $475.45 million during the quarter, compared to analyst estimates of $513.31 million. Inter & Co. Inc. had a return on equity of 14.94% and a net margin of 11.23%. As a group, analysts predict that Inter & Co. Inc. will post 0.79 EPS for the current year.
Inter & Co. Inc. Company 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.
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