45,000 Shares in Inter & Co, Inc. (NASDAQ:INTR) Acquired by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ bought a new stake in Inter & Co, Inc. (NASDAQ:INTR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 45,000 shares of the company's stock, valued at approximately $190,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTR. Swedbank AB acquired a new stake in Inter & Co, Inc. in the 4th quarter valued at approximately $7,826,000. WCM Investment Management LLC grew its holdings 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 valued at $13,842,000 after buying an additional 742,769 shares during the last quarter. Savant Capital LLC acquired a new stake in Inter & Co, Inc. in the 4th quarter valued at approximately $42,000. Allspring Global Investments Holdings LLC lifted its position in shares of 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 worth $68,000 after acquiring an additional 2,399 shares during the period. Finally, Asset Management One Co. Ltd. lifted its position in shares of Inter & Co, Inc. by 18.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 35,337 shares of the company's stock worth $150,000 after acquiring an additional 5,475 shares during the period. Institutional investors and hedge funds own 22.90% of the company's stock.

Inter & Co, Inc. Stock Performance

Shares of INTR stock traded down $0.06 during mid-day trading on Tuesday, reaching $6.93. The stock had a trading volume of 1,387,496 shares, compared to its average volume of 2,079,761. The firm's 50 day simple moving average is $6.32 and its 200 day simple moving average is $5.46. The company has a quick ratio of 0.87, a current ratio of 0.85 and a debt-to-equity ratio of 0.01. Inter & Co, Inc. has a one year low of $3.88 and a one year high of $7.84. The firm has a market cap of $3.05 billion, a PE ratio of 17.77 and a beta of 1.18.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $323.40 million during the quarter, compared to the consensus estimate of $1.89 billion. On average, analysts forecast that Inter & Co, Inc. will post 0.48 EPS for the current 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 report on Monday, March 17th.

Inter & Co, Inc. 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.