TT International Asset Management LTD Takes Position in Inter & Co. Inc. $INTR

TT International Asset Management LTD purchased a new position in shares of Inter & Co. Inc. (NASDAQ:INTR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 319,606 shares of the company’s stock, valued at approximately $2,950,000. Inter & Co. Inc. comprises about 0.4% of TT International Asset Management LTD’s holdings, making the stock its 17th largest holding. TT International Asset Management LTD owned approximately 0.07% of Inter & Co. Inc. as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. increased 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 worth $42,000 after acquiring an additional 5,240 shares during the last quarter. Summit Securities Group LLC grew its holdings in shares of Inter & Co. Inc. by 1,375.1% during the 1st quarter. Summit Securities Group LLC now owns 9,072 shares of the company’s stock worth $50,000 after purchasing an additional 8,457 shares during the period. Scotia Capital Inc. acquired a new stake in shares of Inter & Co. Inc. during the 2nd quarter worth about $99,000. Banco BTG Pactual S.A. purchased a new stake in Inter & Co. Inc. in the 1st quarter valued at about $110,000. Finally, Entropy Technologies LP purchased a new stake in Inter & Co. Inc. in the 2nd quarter valued at about $131,000. 22.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Itau BBA Securities lowered shares of Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $11.00 to $10.00 in a research note on Wednesday, November 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Inter & Co. Inc. in a research report on Monday, December 8th. UBS Group boosted their target price on Inter & Co. Inc. from $9.20 to $10.50 and gave the company a “buy” rating in a research report on Thursday, October 16th. Finally, The Goldman Sachs Group upped their price target on Inter & Co. Inc. from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Inter & Co. Inc. has a consensus rating of “Hold” and a consensus target price of $8.32.

Inter & Co. Inc. Price Performance

Shares of INTR opened at $8.59 on Tuesday. Inter & Co. Inc. has a fifty-two week low of $3.88 and a fifty-two week high of $10.22. The firm’s 50 day moving average price is $8.96 and its 200 day moving average price is $8.18. The company has a market cap of $3.78 billion, a P/E ratio of 17.53, a PEG ratio of 0.41 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.07.

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