First Trust Advisors LP Trims Stock Position in Inter & Co, Inc. (NASDAQ:INTR)

First Trust Advisors LP lessened its stake in Inter & Co, Inc. (NASDAQ:INTR - Free Report) by 53.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 184,967 shares of the company's stock after selling 208,561 shares during the period. First Trust Advisors LP's holdings in Inter & Co, Inc. were worth $781,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its stake in shares of Inter & Co, Inc. by 17.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company's stock valued at $68,000 after acquiring an additional 2,399 shares during the period. Prudential PLC increased 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 purchasing an additional 3,937 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of Inter & Co, Inc. by 18.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 35,337 shares of the company's stock valued at $150,000 after purchasing an additional 5,475 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Inter & Co, Inc. by 78.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company's stock valued at $52,000 after buying an additional 5,500 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in Inter & Co, Inc. by 6,054.6% in the 4th 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. 22.90% of the stock is currently owned by hedge funds and other institutional investors.

Inter & Co, Inc. Price Performance

Inter & Co, Inc. stock traded down $0.02 during mid-day trading on Wednesday, reaching $7.07. 1,053,233 shares of the company's stock traded hands, compared to its average volume of 2,596,328. The company has a quick ratio of 0.87, a current ratio of 0.85 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average of $5.90 and a two-hundred day moving average of $5.39. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 18.12 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.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last announced its quarterly earnings data 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). Inter & Co, Inc. had a return on equity of 10.06% and a net margin of 11.74%. The firm had revenue of $323.40 million during the quarter, compared to the consensus estimate of $1.89 billion. Equities analysts forecast that Inter & Co, Inc. will post 0.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

INTR has been the subject of a number of recent analyst reports. Morgan Stanley dropped their price objective on Inter & Co, Inc. from $4.50 to $4.00 and set an "underweight" rating for the company in a research note on Monday, March 17th. JPMorgan Chase & Co. cut their price objective on shares of Inter & Co, Inc. from $7.20 to $7.10 and set an "overweight" rating for the company in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $6.78.

Inter & Co, Inc. Company 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.