Lansforsakringar Fondforvaltning AB publ Makes New $190,000 Investment in Inter & Co, Inc. (NASDAQ:INTR)

Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of Inter & Co, Inc. (NASDAQ:INTR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 45,000 shares of the company's stock, valued at approximately $190,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its stake in shares of Inter & Co, Inc. by 17.6% during 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. Hsbc Holdings PLC grew its stake in shares of Inter & Co, Inc. by 6.4% during the 4th quarter. Hsbc Holdings PLC now owns 49,507 shares of the company's stock worth $207,000 after acquiring an additional 2,961 shares during the period. Prudential PLC grew its stake in shares of Inter & Co, Inc. by 27.0% during the 4th quarter. Prudential PLC now owns 18,539 shares of the company's stock worth $78,000 after acquiring an additional 3,937 shares during the period. Asset Management One Co. Ltd. grew its stake in shares of Inter & Co, Inc. by 18.3% during 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. Finally, Skandinaviska Enskilda Banken AB publ grew its stake in shares of Inter & Co, Inc. by 78.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company's stock worth $52,000 after acquiring an additional 5,500 shares during the period. Institutional investors own 22.90% of the company's stock.

Inter & Co, Inc. Price Performance

INTR stock traded down $0.14 during mid-day trading on Friday, reaching $7.09. 3,190,302 shares of the company traded hands, compared to its average volume of 2,080,070. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.85 and a quick ratio of 0.87. The company has a market capitalization of $3.12 billion, a P/E ratio of 18.18 and a beta of 1.18. Inter & Co, Inc. has a 52-week low of $3.88 and a 52-week high of $7.84. The company has a fifty day moving average price of $6.27 and a 200-day moving average price of $5.44.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.11 earnings per share 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 analysts' expectations of $1.89 billion. Inter & Co, Inc. had a net margin of 11.74% and a return on equity of 10.06%. As a group, analysts anticipate that Inter & Co, Inc. will post 0.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley cut their price target 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.