Inter & Co. Inc. $INTR Shares Sold by Swedbank AB

Swedbank AB decreased its holdings in shares of Inter & Co. Inc. (NASDAQ:INTR) by 11.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,762,899 shares of the company’s stock after selling 348,000 shares during the quarter. Swedbank AB’s holdings in Inter & Co. Inc. were worth $23,429,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in INTR. SG Americas Securities LLC acquired a new stake in shares of Inter & Co. Inc. during the fourth quarter worth $123,000. Russell Investments Group Ltd. acquired a new stake in shares of Inter & Co. Inc. during the second quarter worth $188,000. Dark Forest Capital Management LP boosted its holdings in shares of Inter & Co. Inc. by 74.2% during the third quarter. Dark Forest Capital Management LP now owns 26,918 shares of the company’s stock worth $248,000 after purchasing an additional 11,465 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Inter & Co. Inc. during the third quarter worth $277,000. Finally, Creative Planning boosted its holdings in shares of Inter & Co. Inc. by 10.9% during the second quarter. Creative Planning now owns 43,704 shares of the company’s stock worth $325,000 after purchasing an additional 4,312 shares during the last quarter. Institutional investors and hedge funds own 22.90% of the company’s stock.

Inter & Co. Inc. Stock Performance

Shares of INTR opened at $6.16 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $2.72 billion, a P/E ratio of 10.27, a price-to-earnings-growth ratio of 0.25 and a beta of 1.02. The stock’s fifty day simple moving average is $7.55 and its 200 day simple moving average is $8.35. Inter & Co. Inc. has a twelve month low of $5.64 and a twelve month high of $10.36.

Inter & Co. Inc. (NASDAQ:INTR) last issued its earnings results on Thursday, May 7th. The company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. The business had revenue of $437.96 million for the quarter, compared to analyst estimates of $495.33 million. Inter & Co. Inc. had a return on equity of 14.34% and a net margin of 12.24%. On average, equities research analysts forecast that Inter & Co. Inc. will post 0.77 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Citigroup cut Inter & Co. Inc. from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $12.00 to $6.50 in a report on Monday, May 18th. UBS Group decreased their price objective 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. Weiss Ratings restated a “hold (c+)” rating on shares of Inter & Co. Inc. in a report on Friday, March 27th. JPMorgan Chase & Co. decreased their price objective 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. Finally, Wall Street Zen cut Inter & Co. Inc. from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.48.

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.