Wellington Management Group LLP Purchases 904,682 Shares of Inter & Co. Inc. $INTR

Wellington Management Group LLP increased its position in Inter & Co. Inc. (NASDAQ:INTR) by 16.2% in the second quarter, Holdings Channel.com reports. The fund owned 6,472,694 shares of the company’s stock after purchasing an additional 904,682 shares during the period. Wellington Management Group LLP’s holdings in Inter & Co. Inc. were worth $35,147,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new position in Inter & Co. Inc. in the 2nd quarter valued at approximately $370,000. Bank of America Corp DE increased its holdings in shares of Inter & Co. Inc. by 84.3% in the 1st quarter. Bank of America Corp DE now owns 1,488,581 shares of the company’s stock worth $11,849,000 after purchasing an additional 680,958 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Inter & Co. Inc. in the first quarter worth $192,000. Squadra Investments Gestao DE Recursos LTDA. raised its stake in shares of Inter & Co. Inc. by 1.1% in the first quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 6,320,952 shares of the company’s stock worth $50,315,000 after purchasing an additional 67,500 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of Inter & Co. Inc. by 15.3% in the first quarter. Quantinno Capital Management LP now owns 16,783 shares of the company’s stock worth $134,000 after purchasing an additional 2,230 shares during the last quarter. 22.90% of the stock is currently owned by hedge funds and other institutional investors.

Inter & Co. Inc. Stock Performance

INTR stock opened at $5.66 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.90 and a quick ratio of 0.90. Inter & Co. Inc. has a 1 year low of $5.04 and a 1 year high of $10.36. The company has a market cap of $2.50 billion, a P/E ratio of 8.58, a price-to-earnings-growth ratio of 0.23 and a beta of 0.94. The stock’s fifty day moving average price is $5.50 and its 200-day moving average price is $6.67.

Inter & Co. Inc. (NASDAQ:INTR) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The company had revenue of $475.45 million during the quarter, compared to analysts’ expectations of $513.31 million. Inter & Co. Inc. had a return on equity of 14.94% and a net margin of 11.23%. On average, equities analysts forecast that Inter & Co. Inc. will post 0.77 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on INTR shares. Citigroup cut Inter & Co. Inc. from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $12.00 to $6.50 in a research report on Monday, May 18th. The Goldman Sachs Group lowered their target price on shares of Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating on the stock in a research note on Friday, May 8th. Wall Street Zen downgraded shares of Inter & Co. Inc. from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Weiss Ratings lowered shares of Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 10th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating for the company in a report on Tuesday, May 12th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Inter & Co. Inc. has a consensus rating of “Moderate Buy” and an average price target of $9.16.

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.