Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Holdings in Inter & Co. Inc. $INTR

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Inter & Co. Inc. (NASDAQ:INTR) by 7.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,433,539 shares of the company’s stock after buying an additional 170,649 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.55% of Inter & Co. Inc. worth $19,371,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its stake 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 valued at $62,000 after acquiring an additional 7,264 shares in the last quarter. Barclays PLC acquired a new position in shares of Inter & Co. Inc. in the fourth quarter worth about $63,000. Fideuram Asset Management Ireland dac purchased a new position in Inter & Co. Inc. in the fourth quarter valued at about $92,000. State of Wyoming purchased a new position in Inter & Co. Inc. in the fourth quarter valued at about $122,000. Finally, SG Americas Securities LLC acquired a new stake in Inter & Co. Inc. during the 4th quarter valued at approximately $123,000. 22.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on INTR shares. UBS Group dropped their price objective on Inter & Co. Inc. from $10.40 to $9.40 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. The Goldman Sachs Group decreased their price target on shares of Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating for the company in a research report on Friday, May 8th. Citigroup lowered shares of Inter & Co. Inc. from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $12.00 to $6.50 in a research note on Monday, May 18th. Wall Street Zen cut shares of Inter & Co. Inc. from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Finally, JPMorgan Chase & Co. cut their price target on shares of Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.28.

Inter & Co. Inc. Price Performance

Shares of Inter & Co. Inc. stock opened at $5.82 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.07. The firm has a market cap of $2.57 billion, a P/E ratio of 9.70, a P/E/G ratio of 0.23 and a beta of 0.95. Inter & Co. Inc. has a fifty-two week low of $5.16 and a fifty-two week high of $10.36. The business has a 50-day moving average price of $5.93 and a 200 day moving average price of $7.60.

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