Nuveen LLC purchased a new position in Inter & Co. Inc. (NASDAQ:INTR - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 172,706 shares of the company's stock, valued at approximately $946,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of INTR. Mariner LLC purchased a new stake in Inter & Co. Inc. in the fourth quarter valued at approximately $211,000. Hsbc Holdings PLC raised its stake in Inter & Co. Inc. by 6.4% in the fourth quarter. Hsbc Holdings PLC now owns 49,507 shares of the company's stock valued at $207,000 after purchasing an additional 2,961 shares in the last quarter. Voya Investment Management LLC grew its position in Inter & Co. Inc. by 79.8% during the fourth quarter. Voya Investment Management LLC now owns 18,544 shares of the company's stock valued at $78,000 after acquiring an additional 8,230 shares during the last quarter. Northern Trust Corp grew its position in Inter & Co. Inc. by 198.7% during the fourth quarter. Northern Trust Corp now owns 1,316,206 shares of the company's stock valued at $5,554,000 after acquiring an additional 875,546 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new position in Inter & Co. Inc. during the fourth quarter valued at approximately $132,000. 22.90% of the stock is owned by hedge funds and other institutional investors.
Inter & Co. Inc. Trading Up 1.1%
NASDAQ:INTR traded up $0.09 during trading hours on Wednesday, hitting $8.45. The company had a trading volume of 1,045,798 shares, compared to its average volume of 3,039,526. 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 stock has a 50-day moving average price of $7.41 and a 200 day moving average price of $6.63. The company has a market capitalization of $3.72 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 0.42 and a beta of 1.13. Inter & Co. Inc. has a 52 week low of $3.88 and a 52 week high of $8.70.
Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.13 EPS for the quarter, topping 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, equities research analysts predict that Inter & Co. Inc. will post 0.48 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, UBS Group reiterated a "buy" rating and set a $9.20 price target (up from $8.10) on shares of Inter & Co. Inc. in a research report on Tuesday, August 12th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $6.77.
Read Our Latest Analysis on Inter & Co. Inc.
About Inter & Co. Inc.
(
Free Report)
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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