113,442 Shares in Inter & Co. Inc. $INTR Acquired by Inspire Investing LLC

Key Points

• Inspire Investing LLC acquired 113,442 shares of Inter & Co. Inc. during the second quarter, valued at approximately $843,000.
• Several hedge funds, including Samlyn Capital LLC and Jane Street Group LLC, have significantly boosted their holdings in Inter & Co. Inc. during the first quarter.
• Analysts have mixed ratings on Inter & Co. Inc., with UBS maintaining a buy rating and a target price increase, while Weiss Ratings downgraded the stock from buy to hold.

Inspire Investing LLC bought a new position in shares of Inter & Co. Inc. (NASDAQ:INTR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 113,442 shares of the company's stock, valued at approximately $843,000.

Other hedge funds have also recently bought and sold shares of the company. Samlyn Capital LLC boosted its holdings in shares of Inter & Co. Inc. by 23.8% during the first quarter. Samlyn Capital LLC now owns 7,591,911 shares of the company's stock worth $41,604,000 after purchasing an additional 1,459,151 shares during the last quarter. Jane Street Group LLC boosted its stake in Inter & Co. Inc. by 502.0% in the 1st 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. Millennium Management LLC boosted its stake in Inter & Co. Inc. by 94.4% in the 1st quarter. Millennium Management LLC now owns 2,113,061 shares of the company's stock worth $11,580,000 after buying an additional 1,026,321 shares during the last quarter. Swedbank AB boosted its stake in Inter & Co. Inc. by 51.3% in the 1st quarter. Swedbank AB now owns 2,806,400 shares of the company's stock worth $15,379,000 after buying an additional 952,000 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Inter & Co. Inc. by 43.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,927,453 shares of the company's stock worth $16,042,000 after buying an additional 891,939 shares during the last quarter. Institutional investors and hedge funds own 22.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on INTR. UBS Group reissued a "buy" rating and issued a $9.20 target price (up from $8.10) on shares of Inter & Co. Inc. in a research report on Tuesday, August 12th. Weiss Ratings lowered shares of Inter & Co. Inc. from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $6.77.

Inter & Co. Inc. Trading Down 1.6%

Shares of INTR stock opened at $8.43 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.06. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 0.41 and a beta of 1.13. The firm's 50 day moving average price is $8.48 and its two-hundred day moving average price is $7.29. Inter & Co. Inc. has a fifty-two week low of $3.88 and a fifty-two week high of $9.48.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. The business had revenue of $365.45 million for the quarter, compared to analyst estimates of $2.04 billion. Inter & Co. Inc. had a net margin of 12.55% and a return on equity of 11.85%. On average, analysts anticipate that Inter & Co. Inc. will post 0.48 EPS for the current 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.

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