Swedbank AB Boosts Stock Holdings in Inter & Co. Inc. $INTR

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

Other large investors also recently made changes to their positions in the company. Farther Finance Advisors LLC purchased a new position in Inter & Co. Inc. during the third quarter worth about $35,000. TT International Asset Management LTD bought a new position in shares of Inter & Co. Inc. during the 3rd quarter worth approximately $2,950,000. BNP Paribas Financial Markets boosted its stake in shares of Inter & Co. Inc. by 68.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 432,542 shares of the company’s stock worth $3,214,000 after buying an additional 175,129 shares during the last quarter. PDT Partners LLC grew its holdings in shares of Inter & Co. Inc. by 11.5% in the second quarter. PDT Partners LLC now owns 626,884 shares of the company’s stock valued at $4,658,000 after acquiring an additional 64,543 shares in the last quarter. Finally, Banco BTG Pactual S.A. increased its position in shares of Inter & Co. Inc. by 5,048.1% during the second quarter. Banco BTG Pactual S.A. now owns 1,028,854 shares of the company’s stock valued at $7,644,000 after acquiring an additional 1,008,869 shares during the last quarter. 22.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Inter & Co. Inc. Stock Performance

Shares of INTR opened at $8.36 on Friday. Inter & Co. Inc. has a 1 year low of $4.00 and a 1 year high of $10.22. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.87 and a quick ratio of 0.87. The stock’s fifty day moving average price is $8.88 and its two-hundred day moving average price is $8.23. The firm has a market cap of $3.67 billion, a PE ratio of 17.05, a PEG ratio of 0.41 and a beta of 1.14.

Inter & Co. Inc. (NASDAQ:INTR) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. Inter & Co. Inc. had a return on equity of 12.57% and a net margin of 12.46%.The company had revenue of $396.89 million during the quarter, compared to analyst estimates of $2.14 billion. On average, equities research analysts forecast 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. 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.