Swedbank AB Lowers Position in Inter & Co. Inc. $INTR

Swedbank AB cut its holdings in Inter & Co. Inc. (NASDAQ:INTR) by 11.2% in the fourth quarter, Holdings Channel reports. The fund owned 2,762,899 shares of the company’s stock after selling 348,000 shares during the quarter. Swedbank AB’s holdings in Inter & Co. Inc. were worth $23,429,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in INTR. Farther Finance Advisors LLC purchased a new stake in Inter & Co. Inc. in the third quarter worth about $35,000. SG Americas Securities LLC purchased a new stake in Inter & Co. Inc. in the fourth quarter worth about $123,000. Russell Investments Group Ltd. purchased a new stake in Inter & Co. Inc. in the second quarter worth about $188,000. Dark Forest Capital Management LP lifted its stake in Inter & Co. Inc. by 74.2% in the third quarter. Dark Forest Capital Management LP now owns 26,918 shares of the company’s stock worth $248,000 after acquiring an additional 11,465 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Inter & Co. Inc. in the third quarter worth about $277,000. 22.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on INTR shares. The Goldman Sachs Group lowered their price objective on shares of Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating for the company in a research note on Friday. UBS Group reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Inter & Co. Inc. in a research note on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Inter & Co. Inc. in a research note on Friday, March 27th. Finally, Wall Street Zen raised shares of Inter & Co. Inc. from a “hold” rating to a “buy” rating in a research note on Saturday. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $11.17.

Inter & Co. Inc. Stock Performance

Shares of Inter & Co. Inc. stock opened at $6.48 on Friday. The company has a market capitalization of $2.85 billion, a PE ratio of 10.80, a P/E/G ratio of 0.28 and a beta of 1.02. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.87 and a current ratio of 0.89. The company has a 50-day simple moving average of $8.12 and a two-hundred day simple moving average of $8.61. Inter & Co. Inc. has a one year low of $6.40 and a one year high of $10.36.

Inter & Co. Inc. (NASDAQ:INTR) last announced its earnings results on Thursday, May 7th. The company reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. The business had revenue of $437.96 million during the quarter, compared to the consensus estimate of $495.33 million. Inter & Co. Inc. had a net margin of 12.24% and a return on equity of 14.76%. Research analysts expect that Inter & Co. Inc. will post 0.76 EPS for the current fiscal year.

Inter & Co. Inc. Increases Dividend

The company also recently announced an annual dividend, which was paid on Thursday, March 5th. Shareholders of record on Sunday, February 22nd were issued a $0.1131 dividend. This is a boost from Inter & Co. Inc.’s previous annual dividend of $0.08. This represents a yield of 122.0%. The ex-dividend date was Friday, February 20th. Inter & Co. Inc.’s dividend payout ratio is presently 20.37%.

Inter & Co. Inc. News Summary

Here are the key news stories impacting Inter & Co. Inc. this week:

• Positive Sentiment: Inter&Co said it delivered a record first quarter, surpassing 44 million clients and R$50 billion in credit, reinforcing growth in its AI-powered super app strategy. Article title
• Positive Sentiment: Goldman Sachs kept a buy rating on Inter & Co. while lowering its price target to $11.50, still implying substantial upside from the current share price. Article title
• Neutral Sentiment: Analysts’ commentary and earnings-call materials are being reviewed by investors for clues on margins, customer growth, and execution of the company’s digital banking strategy. Article title
• Neutral Sentiment: Zacks noted that Inter & Co. matched EPS estimates at $0.17 and compared the stock with American Express for value investors, adding little immediate catalyst beyond the earnings update. Article title
• Negative Sentiment: Revenue missed estimates by a wide margin, suggesting near-term growth may be less robust than investors hoped and helping explain the stock’s weakness. Article title

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. The Securities segment is involved in the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market, and the provision of administration services to investment funds.