Northern Trust Corp Increases Stock Holdings in Inter & Co, Inc. (NASDAQ:INTR)

Northern Trust Corp boosted its position in Inter & Co, Inc. (NASDAQ:INTR - Free Report) by 198.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,316,206 shares of the company's stock after purchasing an additional 875,546 shares during the period. Northern Trust Corp owned about 0.30% of Inter & Co, Inc. worth $5,554,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. US Bancorp DE raised its stake in shares of Inter & Co, Inc. by 6,054.6% in the fourth quarter. US Bancorp DE now owns 5,970 shares of the company's stock worth $25,000 after buying an additional 5,873 shares during the period. Savant Capital LLC bought a new position in shares of Inter & Co, Inc. in the fourth quarter worth about $42,000. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Inter & Co, Inc. by 78.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company's stock worth $52,000 after buying an additional 5,500 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Inter & Co, Inc. by 17.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company's stock worth $68,000 after buying an additional 2,399 shares during the period. Finally, Prudential PLC raised its stake in shares of Inter & Co, Inc. by 27.0% in the fourth quarter. Prudential PLC now owns 18,539 shares of the company's stock worth $78,000 after buying an additional 3,937 shares during the period. 22.90% of the stock is owned by hedge funds and other institutional investors.

Inter & Co, Inc. Stock Up 0.4%

Shares of INTR opened at $7.00 on Wednesday. The business's 50 day moving average is $6.02 and its 200 day moving average is $5.39. The company has a market capitalization of $3.08 billion, a PE ratio of 17.95 and a beta of 1.18. Inter & Co, Inc. has a 12-month low of $3.88 and a 12-month high of $7.84. 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. (NASDAQ:INTR - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). The business had revenue of $323.40 million for the quarter, compared to the consensus estimate of $1.89 billion. Inter & Co, Inc. had a net margin of 11.74% and a return on equity of 10.06%. Research analysts expect that Inter & Co, Inc. will post 0.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price objective on Inter & Co, Inc. from $7.20 to $7.10 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Morgan Stanley decreased their price objective on 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. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Inter & Co, Inc. presently has an average rating of "Moderate Buy" and an average price target of $6.78.

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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