Inter & Co, Inc. (NASDAQ:INTR) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its holdings in shares of Inter & Co, Inc. (NASDAQ:INTR) by 24.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,366 shares of the company’s stock after selling 6,082 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Inter & Co, Inc. were worth $78,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its stake in 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 worth $68,000 after acquiring an additional 2,399 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Inter & Co, Inc. by 6.4% during the fourth quarter. Hsbc Holdings PLC now owns 49,507 shares of the company’s stock worth $207,000 after purchasing an additional 2,961 shares during the last quarter. Prudential PLC grew its holdings in shares of Inter & Co, Inc. by 27.0% during the fourth quarter. Prudential PLC now owns 18,539 shares of the company’s stock worth $78,000 after purchasing an additional 3,937 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Inter & Co, Inc. by 18.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 35,337 shares of the company’s stock worth $150,000 after purchasing an additional 5,475 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings 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 last quarter. Hedge funds and other institutional investors own 22.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on INTR shares. Morgan Stanley lowered their price objective on shares of Inter & Co, Inc. from $4.50 to $4.00 and set an “underweight” rating on the stock in a research report on Monday, March 17th. JPMorgan Chase & Co. lowered their price target on Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating on the stock in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $6.78.

Inter & Co, Inc. Price Performance

Inter & Co, Inc. stock opened at $6.97 on Tuesday. Inter & Co, Inc. has a 1 year low of $3.88 and a 1 year high of $7.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.85. The firm has a 50 day moving average price of $6.02 and a 200 day moving average price of $5.39. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 17.87 and a beta of 1.18.

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). Inter & Co, Inc. had a return on equity of 10.06% and a net margin of 11.74%. The firm had revenue of $323.40 million for the quarter, compared to analysts’ expectations of $1.89 billion. Sell-side analysts predict that Inter & Co, Inc. will post 0.48 earnings per share for the current year.

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.