Inter & Co. Inc. $INTR Shares Purchased by Samlyn Capital LLC

Key Points

• Samlyn Capital LLC increased its stake in Inter & Co. Inc. by 23.8% in Q1, acquiring an additional 1,459,151 shares, bringing their total holdings to 7,591,911 shares valued at approximately $41.6 million.
• UBS Group has reissued a "buy" rating for Inter & Co. Inc. with a price target raised to $9.20, reflecting positive sentiment among investment analysts despite a current rating of "Hold" with a consensus target price of $6.77.
• Inter & Co. Inc. reported earnings of $0.13 per share in the last quarter, surpassing estimates, while revenue was reported at $365.45 million, significantly lower than expected compared to analyst projections of $2.04 billion.

Samlyn Capital LLC grew its position in Inter & Co. Inc. (NASDAQ:INTR - Free Report) by 23.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,591,911 shares of the company's stock after buying an additional 1,459,151 shares during the quarter. Samlyn Capital LLC owned 1.73% of Inter & Co. Inc. worth $41,604,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Millennium Management LLC increased its position in shares of Inter & Co. Inc. by 94.4% in the first quarter. Millennium Management LLC now owns 2,113,061 shares of the company's stock valued at $11,580,000 after buying an additional 1,026,321 shares in the last quarter. Northern Trust Corp increased its position in shares of Inter & Co. Inc. by 198.7% in the fourth quarter. Northern Trust Corp now owns 1,316,206 shares of the company's stock valued at $5,554,000 after buying an additional 875,546 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Inter & Co. Inc. by 37.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,009,090 shares of the company's stock valued at $4,258,000 after buying an additional 277,329 shares in the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Inter & Co. Inc. by 263.4% in the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 834,042 shares of the company's stock valued at $3,520,000 after buying an additional 604,518 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Inter & Co. Inc. by 255.5% during the 1st quarter. American Century Companies Inc. now owns 771,014 shares of the company's stock worth $4,225,000 after purchasing an additional 554,124 shares in the last quarter. Hedge funds and other institutional investors own 22.90% of the company's stock.

Inter & Co. Inc. Stock Performance

Inter & Co. Inc. stock remained flat at $8.76 during midday trading on Tuesday. The company had a trading volume of 2,929,436 shares, compared to its average volume of 2,669,255. The firm has a market capitalization of $3.85 billion, a P/E ratio of 19.47, a price-to-earnings-growth ratio of 0.43 and a beta of 1.13. The company's 50-day moving average is $7.52 and its 200-day moving average is $6.73. Inter & Co. Inc. has a 1 year low of $3.88 and a 1 year high of $8.79. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.06.

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, topping analysts' consensus estimates of $0.12 by $0.01. The firm had revenue of $365.45 million during the quarter, compared to analysts' expectations of $2.04 billion. Inter & Co. Inc. had a return on equity of 11.85% and a net margin of 12.55%. On average, analysts forecast that Inter & Co. Inc. will post 0.48 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, UBS Group reiterated a "buy" rating and set a $9.20 price objective (up previously from $8.10) on shares of Inter & Co. Inc. in a research report on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Inter & Co. Inc. currently has a consensus rating of "Hold" and a consensus price target of $6.77.

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.