Bank of America Corp DE raised its holdings in shares of Inter & Co. Inc. (NASDAQ:INTR - Free Report) by 84.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,488,581 shares of the company's stock after purchasing an additional 680,958 shares during the period. Bank of America Corp DE owned 0.34% of Inter & Co. Inc. worth $11,849,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in INTR. Royal Bank of Canada lifted its position in Inter & Co. Inc. by 1,446.7% during the first quarter. Royal Bank of Canada now owns 66,510 shares of the company's stock valued at $364,000 after acquiring an additional 62,210 shares during the last quarter. Millennium Management LLC boosted its position in shares of 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 purchasing an additional 1,026,321 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of 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 purchasing an additional 891,939 shares in the last quarter. Jane Street Group LLC grew its stake in Inter & Co. Inc. by 502.0% during 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. Finally, Geode Capital Management LLC grew its stake in Inter & Co. Inc. by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 444,505 shares of the company's stock worth $3,303,000 after buying an additional 1,303 shares during the last quarter. 22.90% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on INTR shares. UBS Group decreased their price target on Inter & Co. Inc. from $9.40 to $8.80 and set a "buy" rating for the company in a research note on Tuesday, August 11th. The Goldman Sachs Group dropped their price target on Inter & Co. Inc. from $13.00 to $11.50 and set a "buy" rating on the stock in a research note on Friday, May 8th. JPMorgan Chase & Co. cut their price objective 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. Wall Street Zen lowered shares of Inter & Co. Inc. from a "buy" rating to a "hold" rating in a research report on Sunday, May 17th. Finally, Citigroup cut shares of Inter & Co. Inc. from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $12.00 to $6.50 in a research note on Monday, May 18th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.16.
View Our Latest Analysis on Inter & Co. Inc.
Inter & Co. Inc. Price Performance
Shares of NASDAQ INTR opened at $5.39 on Friday. Inter & Co. Inc. has a 52 week low of $5.04 and a 52 week high of $10.36. The business's 50 day moving average price is $5.48 and its 200 day moving average price is $6.92. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.08. The firm has a market cap of $2.38 billion, a P/E ratio of 8.17, a P/E/G ratio of 0.21 and a beta of 0.95.
Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.01. Inter & Co. Inc. had a net margin of 11.23% and a return on equity of 14.94%. The company had revenue of $475.45 million during the quarter, compared to analyst estimates of $513.31 million. On average, sell-side analysts expect that Inter & Co. Inc. will post 0.79 earnings per share for the current year.
Inter & Co. Inc. Profile
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Free Report)
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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