Swedbank AB Acquires 952,000 Shares of Inter & Co. Inc. $INTR

Key Points

• Swedbank AB increased its stake in Inter & Co. Inc. by 51.3%, acquiring 952,000 additional shares, bringing its total ownership to 2,806,400 shares valued at $15.38 million.
• UBS Group raised its price target for Inter & Co. Inc. to $9.20, indicating a positive outlook, while the current consensus rating remains a "Hold" with an average target price of $6.77.
• Inter & Co. Inc. recently reported a quarterly earnings per share of $0.13, exceeding the consensus estimate, alongside a revenue of $365.45 million.

Swedbank AB increased its stake in Inter & Co. Inc. (NASDAQ:INTR - Free Report) by 51.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,806,400 shares of the company's stock after purchasing an additional 952,000 shares during the quarter. Swedbank AB owned about 0.64% of Inter & Co. Inc. worth $15,379,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Samlyn Capital LLC lifted its holdings in Inter & Co. Inc. by 23.8% in the first quarter. Samlyn Capital LLC now owns 7,591,911 shares of the company's stock worth $41,604,000 after purchasing an additional 1,459,151 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Inter & Co. Inc. by 43.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,927,453 shares of the company's stock worth $16,042,000 after purchasing an additional 891,939 shares during the period. Millennium Management LLC lifted its holdings in Inter & Co. Inc. by 94.4% in the first quarter. Millennium Management LLC now owns 2,113,061 shares of the company's stock worth $11,580,000 after purchasing an additional 1,026,321 shares during the period. Jane Street Group LLC lifted its holdings in Inter & Co. Inc. by 502.0% in the first quarter. Jane Street Group LLC now owns 1,431,616 shares of the company's stock worth $7,845,000 after purchasing an additional 1,193,818 shares during the period. Finally, Northern Trust Corp lifted its holdings in Inter & Co. Inc. by 198.7% in the fourth quarter. Northern Trust Corp now owns 1,316,206 shares of the company's stock worth $5,554,000 after purchasing an additional 875,546 shares during the period. Institutional investors and hedge funds own 22.90% of the company's stock.

Analysts Set New Price Targets

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

Inter & Co. Inc. Price Performance

NASDAQ INTR traded down $0.11 on Friday, reaching $8.79. The company's stock had a trading volume of 1,536,149 shares, compared to its average volume of 1,950,965. Inter & Co. Inc. has a twelve month low of $3.88 and a twelve month high of $9.27. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market cap of $3.86 billion, a PE ratio of 19.53, a PEG ratio of 0.43 and a beta of 1.13. The firm's 50 day moving average is $7.83 and its two-hundred day moving average is $6.92.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $365.45 million during the quarter, compared to the consensus estimate of $2.04 billion. As a group, sell-side analysts predict that Inter & Co. Inc. will post 0.48 EPS for the current year.

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.