Millennium Management LLC Takes Position in Inter & Co, Inc. (NASDAQ:INTR)

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

Other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its position in 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 valued at $68,000 after buying an additional 2,399 shares during the period. Hsbc Holdings PLC raised 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 in the last quarter. Prudential PLC raised 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 in the last quarter. Asset Management One Co. Ltd. raised 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 in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in 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 valued at $52,000 after purchasing an additional 5,500 shares in the last quarter. 22.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Morgan Stanley cut their price target on shares of 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. Stock Performance

Shares of INTR stock traded down $0.13 during trading hours on Monday, hitting $6.99. The company's stock had a trading volume of 1,899,301 shares, compared to its average volume of 2,079,346. The company has a 50 day moving average of $6.29 and a 200 day moving average of $5.45. The stock has a market cap of $3.07 billion, a PE ratio of 17.92 and a beta of 1.18. The company has a current ratio of 0.85, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. Inter & Co, Inc. has a 12-month low of $3.88 and a 12-month high of $7.84.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). The business had revenue of $323.40 million during 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%. On average, sell-side analysts forecast 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.