Inter & Co. Inc. $INTR Stake Raised by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Inter & Co. Inc. (NASDAQ:INTR) by 36.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,262,890 shares of the company’s stock after buying an additional 608,941 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.51% of Inter & Co. Inc. worth $19,189,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC raised its holdings in shares of Inter & Co. Inc. by 0.3% during the second quarter. Geode Capital Management LLC now owns 444,505 shares of the company’s stock valued at $3,303,000 after buying an additional 1,303 shares during the last quarter. Creative Planning raised its holdings in Inter & Co. Inc. by 10.9% during the second quarter. Creative Planning now owns 43,704 shares of the company’s stock worth $325,000 after purchasing an additional 4,312 shares in the last quarter. Legal & General Group Plc raised its holdings in Inter & Co. Inc. by 9.5% during the second quarter. Legal & General Group Plc now owns 107,453 shares of the company’s stock worth $799,000 after purchasing an additional 9,328 shares in the last quarter. Fideuram Asset Management Ireland dac bought a new stake in Inter & Co. Inc. during the fourth quarter worth approximately $92,000. Finally, Dark Forest Capital Management LP raised its holdings in Inter & Co. Inc. by 74.2% during the third quarter. Dark Forest Capital Management LP now owns 26,918 shares of the company’s stock worth $248,000 after purchasing an additional 11,465 shares in the last quarter. Institutional investors own 22.90% of the company’s stock.

Inter & Co. Inc. Stock Performance

Inter & Co. Inc. stock opened at $6.17 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 10.28, a price-to-earnings-growth ratio of 0.25 and a beta of 0.91. Inter & Co. Inc. has a 1 year low of $5.64 and a 1 year high of $10.36. The firm’s 50 day moving average price is $7.42 and its two-hundred day moving average price is $8.26.

Inter & Co. Inc. (NASDAQ:INTR) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. The firm had revenue of $437.96 million for the quarter, compared to analyst estimates of $495.33 million. Inter & Co. Inc. had a net margin of 12.24% and a return on equity of 14.34%. On average, research analysts predict that Inter & Co. Inc. will post 0.77 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. The Goldman Sachs Group dropped their target price on Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating on the stock in a report on Friday, May 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Inter & Co. Inc. in a report on Friday, March 27th. Wall Street Zen cut Inter & Co. Inc. from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Citigroup cut Inter & Co. Inc. from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $12.00 to $6.50 in a report on Monday, May 18th. Finally, UBS Group dropped their target price on Inter & Co. Inc. from $11.90 to $10.40 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $9.48.

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. 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.