Invesco Ltd. Decreases Holdings in Inter & Co, Inc. (NASDAQ:INTR)

Invesco Ltd. lowered its position in shares of Inter & Co, Inc. (NASDAQ:INTR - Free Report) by 92.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,751 shares of the company's stock after selling 222,383 shares during the period. Invesco Ltd.'s holdings in Inter & Co, Inc. were worth $79,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Resona Asset Management Co. Ltd. purchased a new stake in Inter & Co, Inc. in the fourth quarter valued at $259,000. Prudential PLC boosted its stake in Inter & Co, Inc. by 27.0% during the fourth quarter. Prudential PLC now owns 18,539 shares of the company's stock worth $78,000 after buying an additional 3,937 shares during the period. Geode Capital Management LLC boosted its stake in Inter & Co, Inc. by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,678,825 shares of the company's stock worth $7,047,000 after buying an additional 5,992 shares during the period. Alliancebernstein L.P. purchased a new position in shares of Inter & Co, Inc. during the 4th quarter worth approximately $1,306,000. Finally, Pictet Asset Management Holding SA boosted its position in shares of Inter & Co, Inc. by 11.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 177,197 shares of the company's stock worth $748,000 after purchasing an additional 18,190 shares during the period. Institutional investors and hedge funds own 22.90% of the company's stock.

Wall Street Analyst Weigh In

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

Inter & Co, Inc. Stock Up 1.6%

Inter & Co, Inc. stock traded up $0.11 during mid-day trading on Friday, reaching $7.14. 4,400,441 shares of the company's stock were exchanged, compared to its average volume of 2,011,274. The company has a market cap of $3.14 billion, a P/E ratio of 18.31 and a beta of 1.18. Inter & Co, Inc. has a twelve month low of $3.88 and a twelve month high of $7.84. 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 company has a fifty day moving average of $5.84 and a 200-day moving average of $5.37.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. Inter & Co, Inc. had a return on equity of 10.06% and a net margin of 11.74%. Sell-side analysts expect 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.