Handelsbanken Fonder AB Sells 40,000 Shares of Inter & Co. Inc. (NASDAQ:INTR)

Handelsbanken Fonder AB lowered its stake in shares of Inter & Co. Inc. (NASDAQ:INTR - Free Report) by 27.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,500 shares of the company's stock after selling 40,000 shares during the quarter. Handelsbanken Fonder AB's holdings in Inter & Co. Inc. were worth $573,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of INTR. Allspring Global Investments Holdings LLC grew its position in Inter & Co. Inc. by 17.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company's stock worth $68,000 after purchasing an additional 2,399 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Inter & Co. Inc. by 6.4% during the fourth quarter. Hsbc Holdings PLC now owns 49,507 shares of the company's stock worth $207,000 after buying an additional 2,961 shares in the last quarter. Prudential PLC increased its holdings in Inter & Co. Inc. by 27.0% in the 4th quarter. Prudential PLC now owns 18,539 shares of the company's stock valued at $78,000 after buying an additional 3,937 shares during the period. Asset Management One Co. Ltd. raised its stake in shares of Inter & Co. Inc. by 18.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 35,337 shares of the company's stock valued at $150,000 after buying an additional 5,475 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Inter & Co. Inc. by 78.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company's stock worth $52,000 after acquiring an additional 5,500 shares during the period. 22.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Inter & Co. Inc. Price Performance

Shares of NASDAQ INTR traded up $0.09 during midday trading on Thursday, reaching $7.56. 1,592,648 shares of the company traded hands, compared to its average volume of 2,126,235. The firm has a market cap of $3.32 billion, a PE ratio of 18.44, a PEG ratio of 0.40 and a beta of 1.16. The stock's 50-day simple moving average is $6.71 and its 200-day simple moving average is $5.58. Inter & Co. Inc. has a 12 month low of $3.88 and a 12 month high of $7.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.85 and a current ratio of 0.85.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). The firm had revenue of $323.40 million for the quarter, compared to the consensus estimate of $1.89 billion. Inter & Co. Inc. had a net margin of 11.87% and a return on equity of 10.88%. As a group, equities analysts anticipate that Inter & Co. Inc. will post 0.48 earnings per share for the current fiscal 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.