Invesco Ltd. Has $79,000 Stock Position 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 the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,751 shares of the company's stock after selling 222,383 shares during the quarter. Invesco Ltd.'s holdings in Inter & Co, Inc. were worth $79,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in INTR. US Bancorp DE raised its stake in Inter & Co, Inc. by 6,054.6% during 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. Savant Capital LLC acquired a new stake in shares of Inter & Co, Inc. during the fourth quarter worth about $42,000. Skandinaviska Enskilda Banken AB publ lifted its holdings 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 purchasing an additional 5,500 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Inter & Co, Inc. by 17.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company's stock valued at $68,000 after purchasing an additional 2,399 shares during the period. Finally, Prudential PLC increased its stake in Inter & Co, Inc. by 27.0% during the 4th 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. Institutional investors and hedge funds own 22.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on INTR shares. JPMorgan Chase & Co. reduced their price target 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. Morgan Stanley cut their price objective on Inter & Co, Inc. from $4.50 to $4.00 and set an "underweight" rating for the company in a report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $6.78.

Inter & Co, Inc. Stock Performance

Shares of NASDAQ:INTR traded up $0.11 on Friday, hitting $7.14. The company had a trading volume of 4,400,441 shares, compared to its average volume of 2,004,226. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 18.31 and a beta of 1.18. The stock has a 50 day moving average price of $5.80 and a 200 day moving average price of $5.38. Inter & Co, Inc. has a 1-year low of $3.88 and a 1-year high of $7.84. The company has a current ratio of 0.85, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. Inter & Co, Inc. had a net margin of 11.74% and a return on equity of 10.06%. Analysts expect that Inter & Co, Inc. will post 0.48 EPS for the current year.

About Inter & Co, Inc.

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.