Millennium Management LLC Acquires New Shares in Inter & Co, Inc. (NASDAQ:INTR)

Millennium Management LLC bought a new position in shares of Inter & Co, Inc. (NASDAQ:INTR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,086,740 shares of the company's stock, valued at approximately $4,586,000. Millennium Management LLC owned about 0.25% of Inter & Co, Inc. at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. US Bancorp DE raised its stake 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 during the last quarter. Savant Capital LLC acquired a new position in shares of Inter & Co, Inc. in the fourth quarter valued at approximately $42,000. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Inter & Co, Inc. by 78.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company's stock valued at $52,000 after buying an additional 5,500 shares during the period. D. E. Shaw & Co. Inc. purchased a new position in shares of Inter & Co, Inc. during the fourth quarter valued at approximately $60,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Inter & Co, Inc. by 17.6% during the fourth 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 last quarter. 22.90% of the stock is currently owned by institutional investors and hedge funds.

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. Stock Performance

INTR stock traded down $0.14 on Friday, reaching $7.09. The company's stock had a trading volume of 3,190,302 shares, compared to its average volume of 2,078,552. Inter & Co, Inc. has a 52 week low of $3.88 and a 52 week high of $7.84. 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. The firm has a fifty day moving average of $6.24 and a two-hundred day moving average of $5.44.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last announced 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 firm had revenue of $323.40 million for the quarter, compared to the consensus estimate of $1.89 billion. As a group, analysts predict that Inter & Co, Inc. will post 0.48 EPS for the current fiscal year.

About Inter & Co, Inc.

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.