OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 604,518 Shares of Inter & Co, Inc. (NASDAQ:INTR)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Inter & Co, Inc. (NASDAQ:INTR) by 263.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 834,042 shares of the company’s stock after purchasing an additional 604,518 shares during the quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.19% of Inter & Co, Inc. worth $3,520,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in INTR. US Bancorp DE raised its holdings in shares of Inter & Co, Inc. by 6,054.6% during the fourth quarter. US Bancorp DE now owns 5,970 shares of the company’s stock valued at $25,000 after purchasing an additional 5,873 shares during the last quarter. Savant Capital LLC purchased a new stake in Inter & Co, Inc. during the fourth quarter valued at $42,000. Skandinaviska Enskilda Banken AB publ lifted 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 period. D. E. Shaw & Co. Inc. purchased a new position in Inter & Co, Inc. in the fourth quarter worth about $60,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Inter & Co, Inc. by 17.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company’s stock valued at $68,000 after purchasing an additional 2,399 shares during the period. 22.90% of the stock is currently owned by hedge funds and other institutional investors.

Inter & Co, Inc. Trading Down 5.3%

INTR opened at $6.73 on Tuesday. Inter & Co, Inc. has a 12 month low of $3.88 and a 12 month high of $7.84. The company has a current ratio of 0.85, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average of $5.87 and a 200 day moving average of $5.37. The firm has a market cap of $2.96 billion, a P/E ratio of 17.26 and a beta of 1.18.

Inter & Co, Inc. (NASDAQ:INTR) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.11 earnings per share (EPS) 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%. As a group, research analysts forecast that Inter & Co, Inc. will post 0.48 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on INTR. JPMorgan Chase & Co. reduced their price objective on Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating for the company in a research note on Friday, January 24th. Morgan Stanley reduced their price target on Inter & Co, Inc. from $4.50 to $4.00 and set an “underweight” rating for the company in a research report on Monday, March 17th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $6.78.

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.