Clearbridge Investments LLC Sells 467,109 Shares of Inter & Co. Inc. $INTR

Clearbridge Investments LLC decreased its holdings in Inter & Co. Inc. (NASDAQ:INTR) by 13.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,997,023 shares of the company’s stock after selling 467,109 shares during the period. Clearbridge Investments LLC’s holdings in Inter & Co. Inc. were worth $25,415,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Fideuram Asset Management Ireland dac bought a new stake in shares of Inter & Co. Inc. in the 4th quarter worth $92,000. State of Wyoming bought a new stake in shares of Inter & Co. Inc. in the 4th quarter worth $122,000. SG Americas Securities LLC bought a new stake in shares of Inter & Co. Inc. in the 4th quarter worth $123,000. Russell Investments Group Ltd. bought a new stake in shares of Inter & Co. Inc. in the 2nd quarter worth $188,000. Finally, Dark Forest Capital Management LP increased its holdings in shares of Inter & Co. Inc. by 74.2% in the 3rd quarter. Dark Forest Capital Management LP now owns 26,918 shares of the company’s stock worth $248,000 after purchasing an additional 11,465 shares in the last quarter. Institutional investors own 22.90% of the company’s stock.

Inter & Co. Inc. Stock Performance

Shares of INTR opened at $5.67 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.91 and a quick ratio of 0.91. Inter & Co. Inc. has a one year low of $5.51 and a one year high of $10.36. The firm has a market capitalization of $2.50 billion, a P/E ratio of 9.45, a PEG ratio of 0.22 and a beta of 0.91. The business has a fifty day moving average of $7.09 and a 200 day moving average of $8.09.

Inter & Co. Inc. (NASDAQ:INTR) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. Inter & Co. Inc. had a return on equity of 14.34% and a net margin of 12.24%.The company had revenue of $437.96 million during the quarter, compared to analyst estimates of $495.33 million. As a group, sell-side analysts anticipate that Inter & Co. Inc. will post 0.77 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on INTR shares. Citigroup lowered Inter & Co. Inc. from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $12.00 to $6.50 in a report on Monday, May 18th. UBS Group reduced their target price on Inter & Co. Inc. from $10.40 to $9.40 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Wall Street Zen lowered Inter & Co. Inc. from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. The Goldman Sachs Group reduced their target price on Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating for the company in a report on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Inter & Co. Inc. in a report on Friday, March 27th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Inter & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average target price of $9.28.

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. 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.