Inter & Co. Inc. $INTR Stock Holdings Boosted by American Century Companies Inc.

Key Points

• American Century Companies Inc. significantly boosted its stake in Inter & Co. Inc. by 255.5%, increasing its holdings to 771,014 shares worth approximately $4.2 million.
• Despite a reported EPS of $0.13 for the last quarter—slightly above the consensus estimate—Inter & Co. Inc.'s revenue fell short of expectations, totaling $365.45 million against a forecast of $2.04 billion.
• UBS Group recently upgraded Inter & Co. Inc. to a "buy" rating, raising its price target from $8.10 to $9.20, while the stock maintains a consensus rating of "Hold."

American Century Companies Inc. raised its position in shares of Inter & Co. Inc. (NASDAQ:INTR - Free Report) by 255.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 771,014 shares of the company's stock after purchasing an additional 554,124 shares during the quarter. American Century Companies Inc. owned about 0.18% of Inter & Co. Inc. worth $4,225,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. bought a new position in Inter & Co. Inc. during the 1st quarter valued at $253,000. HighTower Advisors LLC lifted its position in shares of Inter & Co. Inc. by 72.8% during the 1st quarter. HighTower Advisors LLC now owns 25,419 shares of the company's stock valued at $139,000 after acquiring an additional 10,710 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Inter & Co. Inc. during the 1st quarter valued at $946,000. GSA Capital Partners LLP acquired a new stake in shares of Inter & Co. Inc. during the 1st quarter valued at $1,079,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Inter & Co. Inc. during the 1st quarter valued at $842,000. 22.90% of the stock is owned by institutional investors.

Inter & Co. Inc. Price Performance

INTR opened at $8.59 on Friday. The firm has a market capitalization of $3.78 billion, a P/E ratio of 19.09, a PEG ratio of 0.42 and a beta of 1.12. The stock has a fifty day moving average of $7.35 and a 200-day moving average of $6.57. 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 12-month low of $3.88 and a 12-month high of $8.70.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The business had revenue of $365.45 million during the quarter, compared to analysts' expectations of $2.04 billion. Inter & Co. Inc. had a return on equity of 11.85% and a net margin of 12.55%. Equities analysts forecast that Inter & Co. Inc. will post 0.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, UBS Group reiterated a "buy" rating and set a $9.20 price objective (up previously from $8.10) on shares of Inter & Co. Inc. in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $6.77.

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.

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