Swedbank AB Reduces Stock Holdings in Inter & Co. Inc. $INTR

Key Points

• Swedbank AB reduced its stake in Inter & Co. Inc. by 24.4%, selling 684,601 shares and retaining approximately 2.1 million shares valued at $15.8 million.
• UBS Group upgraded Inter & Co. Inc.'s price target from $8.10 to $9.20 while maintaining a "buy" rating, highlighting a positive outlook for the stock.
• Inter & Co. Inc. reported an EPS of $0.13 for the last quarter, exceeding the consensus estimate, but revenue fell short of expectations at $365.45 million.

Swedbank AB cut its stake in shares of Inter & Co. Inc. (NASDAQ:INTR - Free Report) by 24.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,121,799 shares of the company's stock after selling 684,601 shares during the period. Swedbank AB owned about 0.48% of Inter & Co. Inc. worth $15,765,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in shares of Inter & Co. Inc. by 93.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 30,995 shares of the company's stock valued at $170,000 after buying an additional 14,971 shares in the last quarter. Two Sigma Investments LP raised its stake in Inter & Co. Inc. by 14.9% during the 4th quarter. Two Sigma Investments LP now owns 472,799 shares of the company's stock worth $1,995,000 after acquiring an additional 61,291 shares during the period. Teacher Retirement System of Texas lifted its holdings in Inter & Co. Inc. by 42.0% during the first quarter. Teacher Retirement System of Texas now owns 36,581 shares of the company's stock valued at $200,000 after purchasing an additional 10,827 shares in the last quarter. Two Sigma Advisers LP bought a new position in shares of Inter & Co. Inc. in the fourth quarter worth approximately $93,000. Finally, Nuveen LLC purchased a new stake in shares of Inter & Co. Inc. in the first quarter worth $946,000. Hedge funds and other institutional investors own 22.90% of the company's stock.

Inter & Co. Inc. Price Performance

INTR stock traded up $0.39 during mid-day trading on Tuesday, hitting $9.39. The company had a trading volume of 1,396,368 shares, compared to its average volume of 2,445,040. The company has a 50-day moving average price of $7.87 and a 200 day moving average price of $6.97. Inter & Co. Inc. has a 12-month low of $3.88 and a 12-month high of $9.43. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 20.86, a P/E/G ratio of 0.43 and a beta of 1.13. 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. (NASDAQ:INTR - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. Inter & Co. Inc. had a return on equity of 11.85% and a net margin of 12.55%.The firm had revenue of $365.45 million for the quarter, compared to analysts' expectations of $2.04 billion. On average, research analysts anticipate that Inter & Co. Inc. will post 0.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.