1,668,013 Shares in Inter & Co. Inc. $INTR Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC acquired a new position in Inter & Co. Inc. (NASDAQ:INTR) in the second quarter, Holdings Channel reports. The firm acquired 1,668,013 shares of the company’s stock, valued at approximately $12,393,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC boosted its stake in Inter & Co. Inc. by 1,375.1% in the 1st quarter. Summit Securities Group LLC now owns 9,072 shares of the company’s stock worth $50,000 after purchasing an additional 8,457 shares during the period. HighTower Advisors LLC boosted its stake in Inter & Co. Inc. by 72.8% in the 1st quarter. HighTower Advisors LLC now owns 25,419 shares of the company’s stock worth $139,000 after purchasing an additional 10,710 shares during the period. Teacher Retirement System of Texas boosted its stake in Inter & Co. Inc. by 42.0% in the 1st quarter. Teacher Retirement System of Texas now owns 36,581 shares of the company’s stock worth $200,000 after purchasing an additional 10,827 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Inter & Co. Inc. by 93.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 30,995 shares of the company’s stock worth $170,000 after purchasing an additional 14,971 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Inter & Co. Inc. in the 2nd quarter worth approximately $136,000. Institutional investors and hedge funds own 22.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on INTR. UBS Group increased their target price on shares of Inter & Co. Inc. from $9.20 to $10.50 and gave the stock a “buy” rating in a research report on Thursday. Weiss Ratings downgraded shares of Inter & Co. Inc. from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $7.20.

Inter & Co. Inc. Stock Up 2.5%

Inter & Co. Inc. stock opened at $9.33 on Tuesday. The company has a market capitalization of $4.10 billion, a P/E ratio of 20.73, a P/E/G ratio of 0.44 and a beta of 1.13. The firm’s fifty day simple moving average is $8.68 and its 200-day simple moving average is $7.43. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.06. Inter & Co. Inc. has a 1-year low of $3.88 and a 1-year high of $9.48.

Inter & Co. Inc. (NASDAQ:INTR) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $365.45 million for the quarter, compared to the consensus estimate of $2.04 billion. Inter & Co. Inc. had a net margin of 12.55% and a return on equity of 11.85%. Sell-side analysts forecast that Inter & Co. Inc. will post 0.48 earnings per share for the current fiscal year.

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.