WCM Investment Management LLC Has $98.14 Million Stock Holdings in Inter & Co. Inc. $INTR

WCM Investment Management LLC grew its holdings in Inter & Co. Inc. (NASDAQ:INTR) by 21.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,586,349 shares of the company’s stock after acquiring an additional 1,862,169 shares during the period. WCM Investment Management LLC owned 2.41% of Inter & Co. Inc. worth $98,135,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of INTR. Royal Bank of Canada lifted its stake in shares of Inter & Co. Inc. by 1,446.7% in the 1st quarter. Royal Bank of Canada now owns 66,510 shares of the company’s stock valued at $364,000 after purchasing an additional 62,210 shares during the last quarter. Millennium Management LLC raised its holdings in Inter & Co. Inc. by 94.4% during the first quarter. Millennium Management LLC now owns 2,113,061 shares of the company’s stock valued at $11,580,000 after buying an additional 1,026,321 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Inter & Co. Inc. by 43.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,927,453 shares of the company’s stock valued at $16,042,000 after buying an additional 891,939 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Inter & Co. Inc. by 502.0% in the first quarter. Jane Street Group LLC now owns 1,431,616 shares of the company’s stock worth $7,845,000 after buying an additional 1,193,818 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Inter & Co. Inc. by 65.8% in the second quarter. Public Employees Retirement System of Ohio now owns 63,000 shares of the company’s stock worth $468,000 after buying an additional 25,000 shares during the last quarter. Institutional investors own 22.90% of the company’s stock.

Inter & Co. Inc. Stock Performance

Shares of NASDAQ INTR opened at $9.30 on Tuesday. Inter & Co. Inc. has a 12 month low of $4.86 and a 12 month high of $10.36. The company has a market cap of $4.09 billion, a P/E ratio of 18.98, a P/E/G ratio of 0.34 and a beta of 1.16. The business’s 50 day moving average is $8.68 and its two-hundred day moving average is $8.56. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.07.

Inter & Co. Inc. (NASDAQ:INTR) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. Inter & Co. Inc. had a net margin of 12.46% and a return on equity of 12.57%. The business had revenue of $396.89 million for the quarter, compared to the consensus estimate of $2.14 billion. On average, equities analysts expect that Inter & Co. Inc. will post 0.48 EPS for the current year.

Wall Street Analysts Forecast Growth

INTR has been the topic of a number of analyst reports. UBS Group increased their price objective on Inter & Co. Inc. from $10.50 to $11.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Itau BBA Securities cut Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $11.00 to $10.00 in a research report on Wednesday, November 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Inter & Co. Inc. in a report on Monday, December 29th. Finally, The Goldman Sachs Group boosted their price objective on shares of Inter & Co. Inc. from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $8.75.

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.