Swedbank AB lowered its position in Inter & Co. Inc. (NASDAQ:INTR – Free Report) by 11.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,762,899 shares of the company’s stock after selling 348,000 shares during the period. Swedbank AB owned approximately 0.63% of Inter & Co. Inc. worth $23,429,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the company. William Blair Investment Management LLC grew its holdings in shares of Inter & Co. Inc. by 60.6% in the 4th quarter. William Blair Investment Management LLC now owns 5,595,196 shares of the company’s stock worth $47,447,000 after acquiring an additional 2,110,861 shares during the period. WIM INVESTMENT MANAGEMENT Ltd grew its holdings in shares of 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 acquiring an additional 405,000 shares during the period. Hussman Strategic Advisors Inc. acquired a new stake in shares of Inter & Co. Inc. in the 4th quarter worth approximately $890,000. Pictet Asset Management Holding SA grew its holdings in shares of Inter & Co. Inc. by 88.9% in 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 period. Finally, Fundamenta Capital S.A. acquired a new stake in shares of Inter & Co. Inc. in the 4th quarter worth approximately $7,047,000. Institutional investors and hedge funds own 22.90% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the company. UBS Group lowered their price target on Inter & Co. Inc. from $11.90 to $10.40 and set a “buy” rating on the stock in a report on Tuesday, May 12th. The Goldman Sachs Group lowered their price target on Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating on the stock in a report on Friday, May 8th. JPMorgan Chase & Co. lowered their price target on Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Inter & Co. Inc. in a report on Friday, March 27th. Finally, Wall Street Zen cut Inter & Co. Inc. from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Inter & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus price target of $9.48.
Inter & Co. Inc. Price Performance
Shares of NASDAQ:INTR opened at $6.16 on Tuesday. The business’s fifty day moving average price is $7.55 and its two-hundred day moving average price is $8.35. The stock has a market cap of $2.72 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 0.25 and a beta of 1.02. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.91 and a current ratio of 0.91. Inter & Co. Inc. has a one year low of $5.64 and a one year high of $10.36.
Inter & Co. Inc. (NASDAQ:INTR – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. The firm had revenue of $437.96 million for the quarter, compared to analysts’ expectations of $495.33 million. Inter & Co. Inc. had a return on equity of 14.34% and a net margin of 12.24%. On average, analysts forecast that Inter & Co. Inc. will post 0.77 EPS for the current fiscal year.
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.
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