Clearbridge Investments LLC Reduces Stake in Inter & Co. Inc. $INTR

Clearbridge Investments LLC lessened its position in Inter & Co. Inc. (NASDAQ:INTR) by 13.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,997,023 shares of the company’s stock after selling 467,109 shares during the quarter. Clearbridge Investments LLC owned approximately 0.68% of Inter & Co. Inc. worth $25,415,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in INTR. Fideuram Asset Management Ireland dac purchased a new position in shares of Inter & Co. Inc. in the 4th quarter valued at approximately $92,000. State of Wyoming purchased a new position in shares of Inter & Co. Inc. in the 4th quarter valued at approximately $122,000. SG Americas Securities LLC purchased a new position in shares of Inter & Co. Inc. in the 4th quarter valued at approximately $123,000. Russell Investments Group Ltd. purchased a new position in shares of Inter & Co. Inc. in the 2nd quarter valued at approximately $188,000. Finally, Dark Forest Capital Management LP lifted its stake in shares of Inter & Co. Inc. by 74.2% in the 3rd quarter. Dark Forest Capital Management LP now owns 26,918 shares of the company’s stock valued at $248,000 after purchasing an additional 11,465 shares during the period. Hedge funds and other institutional investors own 22.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price on Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating for the company in a research note on Tuesday, May 12th. Wall Street Zen cut Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Inter & Co. Inc. in a research note on Friday, March 27th. The Goldman Sachs Group lowered 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. Finally, Citigroup cut Inter & Co. Inc. from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $12.00 to $6.50 in a research note on Monday, May 18th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $9.28.

Inter & Co. Inc. Stock Up 1.8%

Shares of NASDAQ:INTR opened at $5.67 on Wednesday. The stock has a fifty day simple moving average of $7.09 and a two-hundred day simple moving average of $8.09. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 0.22 and a beta of 0.91. Inter & Co. Inc. has a 12-month low of $5.51 and a 12-month high of $10.36. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.07.

Inter & Co. Inc. (NASDAQ:INTR) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. The business had revenue of $437.96 million during the quarter, compared to analysts’ expectations of $495.33 million. Inter & Co. Inc. had a return on equity of 14.34% and a net margin of 12.24%. On average, research analysts anticipate that Inter & Co. Inc. will post 0.77 earnings per share for the current fiscal 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.