Mitsubishi UFJ Asset Management Co. Ltd. Reduces Stock Holdings in Inter & Co. Inc. (NASDAQ:INTR)

Key Points

• Mitsubishi UFJ Asset Management significantly reduced its stake in Inter & Co. Inc. by 84%, now holding only 39,377 shares worth $216,000 after selling 206,797 shares in Q1.
• Several other hedge funds have modified their positions, with notable increases from Teacher Retirement System of Texas and Allspring Global Investments, indicating growing institutional interest in the company.
• Inter & Co. Inc. reported a quarterly EPS of $0.13, beating estimates, with analysts predicting a total EPS of 0.48 for the current year, while UBS Group raised its target price on the stock to $9.20.

Mitsubishi UFJ Asset Management Co. Ltd. lowered its position in Inter & Co. Inc. (NASDAQ:INTR - Free Report) by 84.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,377 shares of the company's stock after selling 206,797 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in Inter & Co. Inc. were worth $216,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. GSA Capital Partners LLP purchased a new position in Inter & Co. Inc. during the first quarter worth about $1,079,000. Y Intercept Hong Kong Ltd purchased a new position in Inter & Co. Inc. during the first quarter worth about $842,000. Teacher Retirement System of Texas boosted its stake in Inter & Co. Inc. by 42.0% during the first quarter. Teacher Retirement System of Texas now owns 36,581 shares of the company's stock worth $200,000 after buying an additional 10,827 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Inter & Co. Inc. by 93.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 30,995 shares of the company's stock worth $170,000 after buying an additional 14,971 shares during the period. Finally, Lansforsakringar Fondforvaltning AB publ purchased a new position in Inter & Co. Inc. during the fourth quarter worth about $190,000. Hedge funds and other institutional investors own 22.90% of the company's stock.

Inter & Co. Inc. Trading Down 0.1%

Shares of INTR stock opened at $8.17 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market cap of $3.59 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 0.41 and a beta of 1.12. The company has a 50-day moving average of $7.15 and a two-hundred day moving average of $6.35. Inter & Co. Inc. has a 1-year low of $3.88 and a 1-year high of $8.37.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. Inter & Co. Inc. had a net margin of 12.55% and a return on equity of 11.85%. The business had revenue of $365.45 million during the quarter, compared to analyst estimates of $2.04 billion. On average, analysts predict that Inter & Co. Inc. will post 0.48 EPS for the current year.

Analyst Ratings Changes

Separately, UBS Group reaffirmed a "buy" rating and set a $9.20 target price (up previously from $8.10) on shares of Inter & Co. Inc. in a research note on Tuesday.

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.

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