State of New Jersey Common Pension Fund D Has $1.13 Million Holdings in Inter & Co. Inc. $INTR

State of New Jersey Common Pension Fund D grew its stake in shares of Inter & Co. Inc. (NASDAQ:INTR) by 70.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 151,816 shares of the company’s stock after buying an additional 62,573 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Inter & Co. Inc. were worth $1,128,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC raised its position in shares of Inter & Co. Inc. by 1,375.1% in the 1st quarter. Summit Securities Group LLC now owns 9,072 shares of the company’s stock valued at $50,000 after acquiring an additional 8,457 shares during the period. HighTower Advisors LLC raised its position in shares of Inter & Co. Inc. by 72.8% in the 1st quarter. HighTower Advisors LLC now owns 25,419 shares of the company’s stock valued at $139,000 after acquiring an additional 10,710 shares during the period. Teacher Retirement System of Texas raised its holdings in Inter & Co. Inc. by 42.0% in the first quarter. Teacher Retirement System of Texas now owns 36,581 shares of the company’s stock worth $200,000 after purchasing an additional 10,827 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Inter & Co. Inc. by 93.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 30,995 shares of the company’s stock worth $170,000 after purchasing an additional 14,971 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Inter & Co. Inc. in the second quarter worth $136,000. Institutional investors own 22.90% of the company’s stock.

Inter & Co. Inc. Stock Performance

Shares of Inter & Co. Inc. stock opened at $9.16 on Monday. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 0.45 and a beta of 1.13. The stock’s 50-day moving average is $8.90 and its 200-day moving average is $7.70. Inter & Co. Inc. has a one year low of $3.88 and a one year high of $9.66. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.89 and a quick ratio of 0.89.

Inter & Co. Inc. (NASDAQ:INTR) last announced its earnings results on Wednesday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Inter & Co. Inc. had a return on equity of 11.85% and a net margin of 12.55%.The business had revenue of $365.45 million for the quarter, compared to analyst estimates of $2.04 billion. Equities analysts predict that Inter & Co. Inc. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

INTR has been the topic of several research analyst reports. The Goldman Sachs Group raised their price objective on Inter & Co. Inc. from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday. Weiss Ratings downgraded Inter & Co. Inc. from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Finally, UBS Group raised their price target on Inter & Co. Inc. from $9.20 to $10.50 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $7.90.

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.