Mariner LLC Purchases Shares of 49,886 Inter & Co, Inc. (NASDAQ:INTR)

Mariner LLC bought a new stake in shares of Inter & Co, Inc. (NASDAQ:INTR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 49,886 shares of the company's stock, valued at approximately $211,000.

Several other large investors have also added to or reduced their stakes in the stock. WCM Investment Management LLC lifted its position in Inter & Co, Inc. by 29.0% during the 4th quarter. WCM Investment Management LLC now owns 3,303,578 shares of the company's stock valued at $13,842,000 after acquiring an additional 742,769 shares during the period. Swedbank AB purchased a new position in shares of Inter & Co, Inc. during the fourth quarter valued at approximately $7,826,000. Geode Capital Management LLC boosted its position in shares of Inter & Co, Inc. by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,678,825 shares of the company's stock worth $7,047,000 after purchasing an additional 5,992 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Inter & Co, Inc. in the 3rd quarter worth approximately $8,311,000. Finally, Legal & General Group Plc increased its position in Inter & Co, Inc. by 5.6% during the 4th quarter. Legal & General Group Plc now owns 1,163,752 shares of the company's stock valued at $4,911,000 after buying an additional 61,219 shares in the last quarter. Institutional investors own 22.90% of the company's stock.

Inter & Co, Inc. Trading Up 1.6 %

Shares of NASDAQ:INTR traded up $0.11 during trading on Friday, hitting $7.14. The company had a trading volume of 4,400,441 shares, compared to its average volume of 2,011,274. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 18.31 and a beta of 1.18. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.85 and a quick ratio of 0.87. The company has a fifty day simple moving average of $5.84 and a two-hundred day simple moving average of $5.38. Inter & Co, Inc. has a one year low of $3.88 and a one year high of $7.84.

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, topping the consensus estimate of $0.10 by $0.01. Inter & Co, Inc. had a net margin of 11.74% and a return on equity of 10.06%. As a group, equities analysts forecast that Inter & Co, Inc. will post 0.48 earnings per share for the current year.

Analysts Set New Price Targets

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

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.