Inter & Co. Inc. $INTR Shares Acquired by SPX Gestao de Recursos Ltda

SPX Gestao de Recursos Ltda increased its stake in shares of Inter & Co. Inc. (NASDAQ:INTR) by 1,059.2% in the first quarter, HoldingsChannel reports. The firm owned 4,023,802 shares of the company’s stock after buying an additional 3,676,696 shares during the quarter. Inter & Co. Inc. makes up approximately 2.7% of SPX Gestao de Recursos Ltda’s holdings, making the stock its 13th biggest holding. SPX Gestao de Recursos Ltda’s holdings in Inter & Co. Inc. were worth $32,029,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in INTR. Caitong International Asset Management Co. Ltd grew its holdings in shares of Inter & Co. Inc. by 15,133.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,312 shares of the company’s stock worth $62,000 after buying an additional 7,264 shares in the last quarter. Barclays PLC purchased a new position in shares of Inter & Co. Inc. during the fourth quarter valued at approximately $63,000. Fideuram Asset Management Ireland dac acquired a new stake in Inter & Co. Inc. during the fourth quarter worth approximately $92,000. State of Wyoming acquired a new stake in Inter & Co. Inc. during the fourth quarter worth approximately $122,000. Finally, SG Americas Securities LLC purchased a new stake in Inter & Co. Inc. in the 4th quarter worth approximately $123,000. Institutional investors and hedge funds own 22.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wall Street Zen lowered Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. JPMorgan Chase & Co. lowered their price objective on Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. The Goldman Sachs Group dropped their target price on Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating for the company in a research note on Friday, May 8th. Weiss Ratings lowered Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 10th. Finally, UBS Group lowered their price target on Inter & Co. Inc. from $10.40 to $9.40 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.28.

Inter & Co. Inc. Stock Down 3.1%

Shares of NASDAQ INTR opened at $5.37 on Friday. Inter & Co. Inc. has a 52-week low of $5.16 and a 52-week high of $10.36. The firm has a fifty day moving average of $5.76 and a 200-day moving average of $7.51. The stock has a market capitalization of $2.37 billion, a PE ratio of 8.95, a P/E/G ratio of 0.22 and a beta of 0.95. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.07.

Inter & Co. Inc. (NASDAQ:INTR) last issued its earnings results on Thursday, May 7th. The company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. Inter & Co. Inc. had a return on equity of 14.34% and a net margin of 12.24%.The business had revenue of $437.95 million for the quarter, compared to analyst estimates of $495.33 million. On average, analysts anticipate that Inter & Co. Inc. will post 0.77 EPS for the current year.

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. 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.