BNP Paribas Financial Markets Buys New Position in Inter & Co, Inc. (NASDAQ:INTR)

BNP Paribas Financial Markets bought a new stake in Inter & Co, Inc. (NASDAQ:INTR) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 291,819 shares of the company’s stock, valued at approximately $1,231,000. BNP Paribas Financial Markets owned 0.07% of Inter & Co, Inc. as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its position in shares of Inter & Co, Inc. by 17.6% in 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. Hsbc Holdings PLC boosted its position in shares of Inter & Co, Inc. by 6.4% in the 4th quarter. Hsbc Holdings PLC now owns 49,507 shares of the company’s stock valued at $207,000 after purchasing an additional 2,961 shares during the period. Prudential PLC boosted its position in shares of Inter & Co, Inc. by 27.0% in the 4th quarter. Prudential PLC now owns 18,539 shares of the company’s stock valued at $78,000 after purchasing an additional 3,937 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of Inter & Co, Inc. by 18.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 35,337 shares of the company’s stock valued at $150,000 after purchasing an additional 5,475 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in shares of Inter & Co, Inc. by 78.6% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company’s stock valued at $52,000 after purchasing an additional 5,500 shares during the period. 22.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. 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 objective on Inter & Co, Inc. from $4.50 to $4.00 and set an “underweight” rating for the company in a research note on Monday, March 17th. One research analyst has rated the stock with a sell rating and four have issued 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. Stock Performance

Shares of INTR stock opened at $6.97 on Tuesday. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 17.87 and a beta of 1.18. The stock has a 50 day simple moving average of $6.02 and a 200-day simple moving average of $5.39. 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.

Inter & Co, Inc. (NASDAQ:INTR) last issued its 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). The business had revenue of $323.40 million for the quarter, compared to analysts’ expectations of $1.89 billion. Inter & Co, Inc. had a return on equity of 10.06% and a net margin of 11.74%. On average, equities analysts forecast that Inter & Co, Inc. will post 0.48 EPS for the current 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.