BNP Paribas Financial Markets Invests $1.23 Million in Inter & Co, Inc. (NASDAQ:INTR)

BNP Paribas Financial Markets acquired a new position in shares of Inter & Co, Inc. (NASDAQ:INTR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 291,819 shares of the company's stock, valued at approximately $1,231,000. BNP Paribas Financial Markets owned 0.07% of Inter & Co, Inc. at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of INTR. Swedbank AB acquired a new stake in Inter & Co, Inc. during the 4th quarter worth about $7,826,000. WCM Investment Management LLC boosted its position in Inter & Co, Inc. by 29.0% during the 4th quarter. WCM Investment Management LLC now owns 3,303,578 shares of the company's stock worth $13,842,000 after acquiring an additional 742,769 shares during the period. Savant Capital LLC acquired a new stake in Inter & Co, Inc. during the 4th quarter worth about $42,000. Allspring Global Investments Holdings LLC boosted its position in Inter & Co, Inc. by 17.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company's stock worth $68,000 after acquiring an additional 2,399 shares during the period. Finally, Asset Management One Co. Ltd. boosted its position in Inter & Co, Inc. by 18.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 35,337 shares of the company's stock worth $150,000 after acquiring an additional 5,475 shares during the period. 22.90% of the stock is currently owned by institutional investors and hedge funds.

Inter & Co, Inc. Stock Up 0.8%

Shares of INTR traded up $0.06 during midday trading on Friday, reaching $7.17. 1,467,549 shares of the stock were exchanged, compared to its average volume of 2,066,876. Inter & Co, Inc. has a 12-month low of $3.88 and a 12-month high of $7.84. The firm has a 50 day simple moving average of $6.12 and a 200-day simple moving average of $5.40. The company has a quick ratio of 0.87, a current ratio of 0.85 and a debt-to-equity ratio of 0.01. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 18.38 and a beta of 1.18.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). Inter & Co, Inc. had a net margin of 11.74% and a return on equity of 10.06%. The company had revenue of $323.40 million during the quarter, compared to the consensus estimate of $1.89 billion. Research analysts forecast that Inter & Co, Inc. will post 0.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley cut their price target on Inter & Co, Inc. from $4.50 to $4.00 and set an "underweight" rating for the company in a research note on Monday, March 17th.

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.