Inter & Co. Inc. $INTR Position Increased by William Blair Investment Management LLC

William Blair Investment Management LLC increased its stake in Inter & Co. Inc. (NASDAQ:INTR) by 60.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,595,196 shares of the company’s stock after purchasing an additional 2,110,861 shares during the period. William Blair Investment Management LLC owned 1.27% of Inter & Co. Inc. worth $47,447,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. WCM Investment Management LLC raised its stake in Inter & Co. Inc. by 21.3% during the 3rd quarter. WCM Investment Management LLC now owns 10,586,349 shares of the company’s stock valued at $98,135,000 after acquiring an additional 1,862,169 shares in the last quarter. Samlyn Capital LLC grew its holdings in shares of Inter & Co. Inc. by 19.9% in the 3rd quarter. Samlyn Capital LLC now owns 8,515,741 shares of the company’s stock worth $78,600,000 after acquiring an additional 1,415,601 shares during the last quarter. Wasatch Advisors LP acquired a new position in shares of Inter & Co. Inc. in the 3rd quarter worth $52,433,000. Marshall Wace LLP grew its holdings in shares of Inter & Co. Inc. by 0.9% during the third quarter. Marshall Wace LLP now owns 4,753,265 shares of the company’s stock valued at $43,873,000 after buying an additional 44,385 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Inter & Co. Inc. by 43.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,927,453 shares of the company’s stock valued at $16,042,000 after buying an additional 891,939 shares in the last quarter. Institutional investors own 22.90% of the company’s stock.

Inter & Co. Inc. Price Performance

NASDAQ INTR opened at $6.16 on Monday. Inter & Co. Inc. has a twelve month low of $5.64 and a twelve month high of $10.36. 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 stock has a market capitalization of $2.72 billion, a PE ratio of 10.27, a P/E/G ratio of 0.25 and a beta of 1.02. The stock has a 50-day simple moving average of $7.59 and a 200 day simple moving average of $8.37.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on INTR shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Inter & Co. Inc. in a research report on Friday, March 27th. The Goldman Sachs Group reduced their price objective on 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. JPMorgan Chase & Co. reduced their price objective on Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Citigroup cut Inter & Co. Inc. from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $12.00 to $6.50 in a research report on Monday, May 18th. Finally, UBS Group reduced their price target on Inter & Co. Inc. from $11.90 to $10.40 and set a “buy” rating for the company in a research 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $9.48.

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.