Inter & Co. Inc. $INTR Position Boosted by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in Inter & Co. Inc. (NASDAQ:INTR) by 53.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,184,222 shares of the company’s stock after purchasing an additional 413,208 shares during the period. American Century Companies Inc. owned about 0.27% of Inter & Co. Inc. worth $8,799,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in INTR. SBI Securities Co. Ltd. lifted its stake in Inter & Co. Inc. by 1,281.2% during the second quarter. SBI Securities Co. Ltd. now owns 5,649 shares of the company’s stock valued at $42,000 after purchasing an additional 5,240 shares during the last quarter. Summit Securities Group LLC increased its holdings in shares of Inter & Co. Inc. by 1,375.1% in the first quarter. Summit Securities Group LLC now owns 9,072 shares of the company’s stock valued at $50,000 after buying an additional 8,457 shares in the last quarter. Banco BTG Pactual S.A. acquired a new stake in shares of Inter & Co. Inc. during the 1st quarter valued at $110,000. Entropy Technologies LP acquired a new stake in shares of Inter & Co. Inc. during the 2nd quarter valued at $131,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Inter & Co. Inc. during the 2nd quarter worth $136,000. 22.90% of the stock is currently owned by institutional investors.

Inter & Co. Inc. Stock Down 9.7%

Shares of Inter & Co. Inc. stock opened at $8.25 on Friday. Inter & Co. Inc. has a 1 year low of $3.88 and a 1 year high of $10.22. The company has a market cap of $3.63 billion, a P/E ratio of 16.84, a P/E/G ratio of 0.44 and a beta of 1.14. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.07. The stock has a 50-day moving average price of $9.04 and a 200 day moving average price of $8.11.

Inter & Co. Inc. (NASDAQ:INTR) last issued its earnings results on Thursday, November 13th. The company reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. The company had revenue of $396.89 million for the quarter, compared to the consensus estimate of $2.14 billion. Inter & Co. Inc. had a return on equity of 12.57% and a net margin of 12.46%. As a group, analysts expect that Inter & Co. Inc. will post 0.48 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Inter & Co. Inc. in a research report on Monday. The Goldman Sachs Group increased their price target on Inter & Co. Inc. from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Itau BBA Securities downgraded Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $11.00 to $10.00 in a report on Wednesday, November 19th. Finally, UBS Group upped their price objective on shares of Inter & Co. Inc. from $9.20 to $10.50 and gave the company a “buy” rating in a research note on Thursday, October 16th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $8.32.

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.