Nuveen Asset Management LLC Sells 130,655 Shares of Inter & Co, Inc. (NASDAQ:INTR)

Nuveen Asset Management LLC lessened its stake in Inter & Co, Inc. (NASDAQ:INTR - Free Report) by 27.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 348,924 shares of the company's stock after selling 130,655 shares during the quarter. 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 also recently modified their holdings of the company. Millennium Management LLC bought a new stake in Inter & Co, Inc. during the fourth quarter worth $4,586,000. Marshall Wace LLP lifted its holdings in Inter & Co, Inc. by 96.8% during the fourth quarter. Marshall Wace LLP now owns 1,946,200 shares of the company's stock worth $8,213,000 after acquiring an additional 957,361 shares during the period. Northern Trust Corp lifted its holdings in Inter & Co, Inc. by 198.7% during the fourth quarter. Northern Trust Corp now owns 1,316,206 shares of the company's stock worth $5,554,000 after acquiring an additional 875,546 shares during the period. WCM Investment Management LLC lifted its holdings in 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 acquiring an additional 742,769 shares during the period. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Inter & Co, Inc. by 263.4% during the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 834,042 shares of the company's stock worth $3,520,000 after acquiring an additional 604,518 shares during the period. Institutional investors own 22.90% of the company's stock.

Inter & Co, Inc. Price Performance

Inter & Co, Inc. stock traded up $0.14 during midday trading on Thursday, hitting $7.05. 2,168,608 shares of the company's stock were exchanged, compared to its average volume of 2,084,135. Inter & Co, Inc. has a 52-week low of $3.88 and a 52-week high of $7.84. The stock has a 50-day moving average price of $6.32 and a two-hundred day moving average price of $5.46. 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 company has a market cap of $3.10 billion, a P/E ratio of 18.08 and a beta of 1.18.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last posted its 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 business had revenue of $323.40 million for the quarter, compared to analysts' expectations of $1.89 billion. On average, equities research analysts forecast that Inter & Co, Inc. will post 0.48 earnings per share for the current year.

Analyst Ratings Changes

Separately, Morgan Stanley lowered their target price on Inter & Co, Inc. from $4.50 to $4.00 and set an "underweight" rating on the stock in a research note 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.