Inter & Co, Inc. (NASDAQ:INTR) Shares Acquired by OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Inter & Co, Inc. (NASDAQ:INTR - Free Report) by 263.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 834,042 shares of the company's stock after buying an additional 604,518 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.19% of Inter & Co, Inc. worth $3,520,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new stake in shares of Inter & Co, Inc. in the 3rd quarter valued at about $8,311,000. KLP Kapitalforvaltning AS bought a new stake in shares of Inter & Co, Inc. in the 4th quarter valued at about $187,000. Mariner LLC bought a new stake in shares of Inter & Co, Inc. in the 4th quarter valued at about $211,000. Bank of New York Mellon Corp grew its position in shares of Inter & Co, Inc. by 15.8% in the 4th quarter. Bank of New York Mellon Corp now owns 249,851 shares of the company's stock worth $1,054,000 after buying an additional 34,042 shares during the last quarter. Finally, WCM Investment Management LLC grew its position in shares of Inter & Co, Inc. by 29.0% in the 4th quarter. WCM Investment Management LLC now owns 3,303,578 shares of the company's stock worth $13,842,000 after buying an additional 742,769 shares during the last quarter. Hedge funds and other institutional investors own 22.90% of the company's stock.

Inter & Co, Inc. Stock Performance

INTR stock traded down $0.14 during trading on Friday, reaching $6.75. The company had a trading volume of 1,811,112 shares, compared to its average volume of 2,049,575. The firm has a 50-day simple moving average of $5.99 and a 200-day simple moving average of $5.39. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 17.31 and a beta of 1.18. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.85. Inter & Co, Inc. has a twelve month low of $3.88 and a twelve 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 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). Inter & Co, Inc. had a net margin of 11.74% and a return on equity of 10.06%. The business had revenue of $323.40 million for the quarter, compared to analyst estimates of $1.89 billion. As a group, sell-side analysts expect that Inter & Co, Inc. will post 0.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Inter & Co, Inc. from $7.20 to $7.10 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Morgan Stanley cut their price objective on shares of Inter & Co, Inc. from $4.50 to $4.00 and set an "underweight" rating on the stock in a research report on Monday, March 17th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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.