Swedbank AB Purchases 989,100 Shares of Inter & Co. Inc. $INTR

Swedbank AB grew its holdings in shares of Inter & Co. Inc. (NASDAQ:INTR) by 46.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,110,899 shares of the company’s stock after acquiring an additional 989,100 shares during the period. Swedbank AB owned 0.71% of Inter & Co. Inc. worth $28,714,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INTR. Geode Capital Management LLC boosted its position in shares of Inter & Co. Inc. by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 444,505 shares of the company’s stock valued at $3,303,000 after purchasing an additional 1,303 shares in the last quarter. Farther Finance Advisors LLC bought a new position in shares of Inter & Co. Inc. during the 3rd quarter worth approximately $35,000. Creative Planning grew its position in shares of Inter & Co. Inc. by 10.9% during the 2nd quarter. Creative Planning now owns 43,704 shares of the company’s stock worth $325,000 after buying an additional 4,312 shares during the period. SBI Securities Co. Ltd. grew its position in shares of Inter & Co. Inc. by 1,281.2% during the 2nd quarter. SBI Securities Co. Ltd. now owns 5,649 shares of the company’s stock worth $42,000 after buying an additional 5,240 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Inter & Co. Inc. by 9.5% in the 2nd quarter. Legal & General Group Plc now owns 107,453 shares of the company’s stock valued at $799,000 after acquiring an additional 9,328 shares in the last quarter. 22.90% of the stock is owned by institutional investors and hedge funds.

Inter & Co. Inc. Trading Up 0.9%

INTR opened at $8.36 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.87 and a quick ratio of 0.87. Inter & Co. Inc. has a fifty-two week low of $4.00 and a fifty-two week high of $10.22. The firm has a market capitalization of $3.67 billion, a PE ratio of 17.05, a P/E/G ratio of 0.41 and a beta of 1.14. The company’s 50-day moving average is $8.88 and its 200 day moving average is $8.23.

Inter & Co. Inc. (NASDAQ:INTR) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. The business had revenue of $396.89 million during the quarter, compared to the consensus estimate of $2.14 billion. Inter & Co. Inc. had a return on equity of 12.57% and a net margin of 12.46%. As a group, research analysts predict that Inter & Co. Inc. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on INTR shares. The Goldman Sachs Group increased their target price on shares of Inter & Co. Inc. from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Itau BBA Securities cut shares of Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $11.00 to $10.00 in a research report on Wednesday, November 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Inter & Co. Inc. in a research report on Monday. Finally, UBS Group upped their price target on Inter & Co. Inc. from $9.20 to $10.50 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $8.32.

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. The Securities segment is involved in the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market, and the provision of administration services to investment funds.