Candriam S.C.A. Takes Position in Inter & Co. Inc. $INTR

Key Points

• Candriam S.C.A. has taken a new position in Inter & Co. Inc., acquiring 636,500 shares valued at approximately $3.5 million, representing 0.14% of the company's stock.
• Inter & Co. Inc. reported earnings per share of $0.13 for the recent quarter, exceeding analysts' estimates of $0.12.
• UBS Group set a new target price of $9.20 for Inter & Co. Inc., upgrading from a previous target of $8.10, while the current consensus rating for the stock is "Hold" with a target price of $6.77.

Candriam S.C.A. purchased a new position in Inter & Co. Inc. (NASDAQ:INTR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 636,500 shares of the company's stock, valued at approximately $3,488,000. Candriam S.C.A. owned approximately 0.14% of Inter & Co. Inc. as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in INTR. Hsbc Holdings PLC raised its position in Inter & Co. Inc. by 6.4% in the fourth quarter. Hsbc Holdings PLC now owns 49,507 shares of the company's stock worth $207,000 after acquiring an additional 2,961 shares during the period. Geode Capital Management LLC boosted its position in Inter & Co. Inc. by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,678,825 shares of the company's stock worth $7,047,000 after purchasing an additional 5,992 shares during the period. Voya Investment Management LLC increased its stake in shares of Inter & Co. Inc. by 79.8% in the fourth quarter. Voya Investment Management LLC now owns 18,544 shares of the company's stock worth $78,000 after purchasing an additional 8,230 shares in the last quarter. Summit Securities Group LLC raised its position in shares of Inter & Co. Inc. by 1,375.1% in the first quarter. Summit Securities Group LLC now owns 9,072 shares of the company's stock valued at $50,000 after purchasing an additional 8,457 shares during the period. Finally, HighTower Advisors LLC raised its position in shares of Inter & Co. Inc. by 72.8% in the first quarter. HighTower Advisors LLC now owns 25,419 shares of the company's stock valued at $139,000 after purchasing an additional 10,710 shares during the period. Institutional investors own 22.90% of the company's stock.

Analyst Upgrades and Downgrades

Separately, UBS Group reiterated a "buy" rating and issued a $9.20 price objective (up from $8.10) on shares of Inter & Co. Inc. in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Inter & Co. Inc. currently has an average rating of "Hold" and a consensus price target of $6.77.

Inter & Co. Inc. Price Performance

NASDAQ:INTR traded up $0.23 during midday trading on Thursday, hitting $8.62. The company had a trading volume of 756,134 shares, compared to its average volume of 2,483,704. The company has a market capitalization of $3.79 billion, a PE ratio of 19.14, a P/E/G ratio of 0.40 and a beta of 1.12. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.06. Inter & Co. Inc. has a 52-week low of $3.88 and a 52-week high of $8.71. The stock's fifty day moving average price is $7.30 and its 200-day moving average price is $6.52.

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

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.