Inter & Co, Inc. (NASDAQ:INTR) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lessened its stake in shares of Inter & Co, Inc. (NASDAQ:INTR) by 27.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 348,924 shares of the company’s stock after selling 130,655 shares during the period. Nuveen Asset Management LLC owned about 0.08% of Inter & Co, Inc. worth $1,472,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. US Bancorp DE raised its stake in Inter & Co, Inc. by 6,054.6% during the 4th 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 period. Savant Capital LLC acquired a new position in shares of Inter & Co, Inc. in the fourth quarter worth $42,000. Skandinaviska Enskilda Banken AB publ increased its stake in shares of 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 worth $52,000 after acquiring an additional 5,500 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new position in shares of Inter & Co, Inc. in the fourth quarter worth $60,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Inter & Co, Inc. by 17.6% in the fourth 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 during the last quarter. Institutional investors and hedge funds own 22.90% of the company’s stock.

Inter & Co, Inc. Trading Down 0.9%

Shares of NASDAQ INTR opened at $6.93 on Wednesday. The company’s fifty day moving average is $6.32 and its 200-day moving average is $5.46. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 17.77 and a beta of 1.18. Inter & Co, Inc. has a twelve month low of $3.88 and a twelve month high of $7.84. The company has a quick ratio of 0.87, a current ratio of 0.85 and a debt-to-equity ratio of 0.01.

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 the consensus estimate of $0.12 by ($0.01). Inter & Co, Inc. had a net margin of 11.74% and a return on equity of 10.06%. The business had revenue of $323.40 million during the quarter, compared to analyst estimates of $1.89 billion. Equities research analysts predict that Inter & Co, Inc. will post 0.48 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Morgan Stanley dropped their price target on shares of Inter & Co, Inc. from $4.50 to $4.00 and set an “underweight” rating on the stock in a research note on Monday, March 17th.

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.