Northern Trust Corp Has $5.55 Million Stock Position in Inter & Co, Inc. (NASDAQ:INTR)

Northern Trust Corp increased its stake in shares of Inter & Co, Inc. (NASDAQ:INTR - Free Report) by 198.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,316,206 shares of the company's stock after acquiring an additional 875,546 shares during the quarter. Northern Trust Corp owned about 0.30% of Inter & Co, Inc. worth $5,554,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of INTR. WCM Investment Management LLC grew its position in Inter & Co, Inc. by 29.0% during the fourth quarter. WCM Investment Management LLC now owns 3,303,578 shares of the company's stock worth $13,842,000 after buying an additional 742,769 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Inter & Co, Inc. by 96.8% during the 4th quarter. Marshall Wace LLP now owns 1,946,200 shares of the company's stock worth $8,213,000 after purchasing an additional 957,361 shares in the last quarter. Swedbank AB bought a new stake in shares of Inter & Co, Inc. during the fourth quarter valued at approximately $7,826,000. Geode Capital Management LLC raised its stake in shares of Inter & Co, Inc. by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,678,825 shares of the company's stock valued at $7,047,000 after purchasing an additional 5,992 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Inter & Co, Inc. by 5.6% during the fourth quarter. Legal & General Group Plc now owns 1,163,752 shares of the company's stock worth $4,911,000 after buying an additional 61,219 shares in 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 target price 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. Price Performance

Shares of NASDAQ INTR traded up $0.06 during midday trading on Monday, reaching $7.17. 1,467,549 shares of the company traded hands, compared to its average volume of 2,066,876. Inter & Co, Inc. has a 12 month low of $3.88 and a 12 month high of $7.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.85. The stock's 50-day simple moving average is $6.15 and its 200-day simple moving average is $5.41. The firm has a market cap of $3.15 billion, a PE ratio of 18.38 and a beta of 1.18.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last announced its quarterly 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 firm 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%. As a group, equities analysts anticipate that Inter & Co, Inc. will post 0.48 earnings per share 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.