Inter & Co, Inc. (NASDAQ:INTR) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its stake in Inter & Co, Inc. (NASDAQ:INTR - Free Report) by 27.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 348,924 shares of the company's stock after selling 130,655 shares during the period. Nuveen Asset Management LLC owned approximately 0.08% of Inter & Co, Inc. worth $1,472,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE increased its holdings in Inter & Co, Inc. by 6,054.6% in the 4th quarter. US Bancorp DE now owns 5,970 shares of the company's stock valued at $25,000 after purchasing an additional 5,873 shares in the last quarter. Savant Capital LLC acquired a new stake in Inter & Co, Inc. in the 4th quarter valued at $42,000. Skandinaviska Enskilda Banken AB publ increased its holdings in Inter & Co, Inc. by 78.6% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company's stock valued at $52,000 after purchasing an additional 5,500 shares in the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in Inter & Co, Inc. in the 4th quarter valued at $60,000. Finally, Allspring Global Investments Holdings LLC increased its holdings 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 valued at $68,000 after purchasing an additional 2,399 shares in the last quarter. 22.90% of the stock is currently owned by institutional investors and hedge funds.

Inter & Co, Inc. Stock Down 1.1%

Shares of Inter & Co, Inc. stock traded down $0.08 during trading hours on Friday, hitting $6.97. 920,211 shares of the company's stock traded hands, compared to its average volume of 2,088,380. The stock has a 50 day simple moving average of $6.40 and a 200-day simple moving average of $5.48. The company has a quick ratio of 0.87, a current ratio of 0.85 and a debt-to-equity ratio of 0.01. The company has a market cap of $3.06 billion, a PE ratio of 17.87 and a beta of 1.16. Inter & Co, Inc. has a twelve month low of $3.88 and a twelve month high of $7.84.

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

Analyst Ratings Changes

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

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.