UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 277,329 Shares of Inter & Co, Inc. (NASDAQ:INTR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Inter & Co, Inc. (NASDAQ:INTR - Free Report) by 37.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,009,090 shares of the company's stock after buying an additional 277,329 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.23% of Inter & Co, Inc. worth $4,258,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Millennium Management LLC acquired a new stake in Inter & Co, Inc. during the fourth quarter worth approximately $4,586,000. Marshall Wace LLP grew its position in Inter & Co, Inc. by 96.8% in the fourth quarter. Marshall Wace LLP now owns 1,946,200 shares of the company's stock valued at $8,213,000 after acquiring an additional 957,361 shares during the last quarter. Northern Trust Corp increased its position in Inter & Co, Inc. by 198.7% during the 4th quarter. Northern Trust Corp now owns 1,316,206 shares of the company's stock worth $5,554,000 after purchasing an additional 875,546 shares in the last quarter. WCM Investment Management LLC increased its holdings in shares of Inter & Co, Inc. by 29.0% during the fourth quarter. WCM Investment Management LLC now owns 3,303,578 shares of the company's stock worth $13,842,000 after buying an additional 742,769 shares in the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Inter & Co, Inc. by 263.4% in the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 834,042 shares of the company's stock valued at $3,520,000 after buying an additional 604,518 shares during the period. Institutional investors and hedge funds own 22.90% of the company's stock.

Analyst Upgrades and Downgrades

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

Inter & Co, Inc. Trading Down 1.1%

Shares of Inter & Co, Inc. stock traded down $0.08 on Friday, reaching $6.97. 920,211 shares of the company's stock were exchanged, compared to its average volume of 2,094,058. The company has a market capitalization of $3.06 billion, a P/E ratio of 17.87 and a beta of 1.16. Inter & Co, Inc. has a 52 week low of $3.88 and a 52 week high of $7.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.85. The firm's 50-day moving average is $6.40 and its two-hundred day moving average is $5.48.

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

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.