Jane Street Group LLC Increases Stake in Inter & Co, Inc. (NASDAQ:INTR)

Jane Street Group LLC grew its position in shares of Inter & Co, Inc. (NASDAQ:INTR - Free Report) by 571.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 237,798 shares of the company's stock after acquiring an additional 202,405 shares during the quarter. Jane Street Group LLC owned 0.05% of Inter & Co, Inc. worth $1,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. WCM Investment Management LLC grew its position in Inter & Co, Inc. by 29.0% in the 4th quarter. WCM Investment Management LLC now owns 3,303,578 shares of the company's stock worth $13,842,000 after purchasing an additional 742,769 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Inter & Co, Inc. by 96.8% in the 4th quarter. Marshall Wace LLP now owns 1,946,200 shares of the company's stock worth $8,213,000 after buying an additional 957,361 shares during the last quarter. Swedbank AB bought a new position in shares of Inter & Co, Inc. in the fourth quarter valued at approximately $7,826,000. Geode Capital Management LLC increased its position in shares of Inter & Co, Inc. by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,678,825 shares of the company's stock valued at $7,047,000 after acquiring an additional 5,992 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Inter & Co, Inc. by 198.7% during the fourth quarter. Northern Trust Corp now owns 1,316,206 shares of the company's stock valued at $5,554,000 after acquiring an additional 875,546 shares during the last quarter. Institutional investors own 22.90% of the company's stock.

Inter & Co, Inc. Stock Performance

INTR stock traded up $0.10 during mid-day trading on Wednesday, hitting $7.24. The company had a trading volume of 1,637,609 shares, compared to its average volume of 2,067,474. 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 has a market cap of $3.18 billion, a PE ratio of 18.56 and a beta of 1.18. Inter & Co, Inc. has a 12 month low of $3.88 and a 12 month high of $7.84. The stock's fifty day moving average price is $6.20 and its two-hundred day moving average price is $5.43.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.11 earnings per share (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 analysts' expectations of $1.89 billion. On average, analysts forecast that Inter & Co, Inc. will post 0.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Morgan Stanley reduced their price objective on Inter & Co, Inc. from $4.50 to $4.00 and set an "underweight" rating for the company 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.