UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stake in Inter & Co, Inc. (NASDAQ:INTR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Inter & Co, Inc. (NASDAQ:INTR) by 37.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,009,090 shares of the company’s stock after acquiring an additional 277,329 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Inter & Co, Inc. were worth $4,258,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of INTR. Allspring Global Investments Holdings LLC raised its stake in Inter & Co, Inc. by 17.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company’s stock worth $68,000 after purchasing an additional 2,399 shares during the period. Hsbc Holdings PLC increased its holdings in shares of Inter & Co, Inc. by 6.4% during the 4th quarter. Hsbc Holdings PLC now owns 49,507 shares of the company’s stock worth $207,000 after buying an additional 2,961 shares during the last quarter. Prudential PLC raised its position in shares of Inter & Co, Inc. by 27.0% in the 4th quarter. Prudential PLC now owns 18,539 shares of the company’s stock worth $78,000 after buying an additional 3,937 shares during the period. Asset Management One Co. Ltd. boosted its holdings in Inter & Co, Inc. by 18.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 35,337 shares of the company’s stock valued at $150,000 after acquiring an additional 5,475 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its holdings in Inter & Co, Inc. by 78.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company’s stock valued at $52,000 after acquiring an additional 5,500 shares during the last quarter. 22.90% of the stock is currently owned by hedge funds and other institutional investors.

Inter & Co, Inc. Price Performance

INTR opened at $6.91 on Thursday. Inter & Co, Inc. has a 52-week low of $3.88 and a 52-week high of $7.84. The company has a 50 day moving average of $6.32 and a two-hundred day moving average of $5.46. The company has a market cap of $3.04 billion, a P/E ratio of 17.72 and a beta of 1.18. The company has a quick ratio of 0.87, a current ratio of 0.85 and a debt-to-equity ratio of 0.01.

Inter & Co, Inc. (NASDAQ:INTR) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). Inter & Co, Inc. had a return on equity of 10.06% and a net margin of 11.74%. The business had revenue of $323.40 million for the quarter, compared to analysts’ expectations of $1.89 billion. On average, analysts expect that Inter & Co, Inc. will post 0.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley dropped their price target on Inter & Co, Inc. from $4.50 to $4.00 and set an “underweight” rating for the company in a research note on Monday, March 17th.

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.