Hsbc Holdings PLC Purchases Shares of 232,429 Inter & Co. Inc. $INTR

Hsbc Holdings PLC acquired a new stake in Inter & Co. Inc. (NASDAQ:INTR) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 232,429 shares of the company’s stock, valued at approximately $1,849,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada raised its holdings in Inter & Co. Inc. by 1,446.7% in the first quarter. Royal Bank of Canada now owns 66,510 shares of the company’s stock valued at $364,000 after acquiring an additional 62,210 shares in the last quarter. Millennium Management LLC lifted its stake in Inter & Co. Inc. by 94.4% in the first quarter. Millennium Management LLC now owns 2,113,061 shares of the company’s stock worth $11,580,000 after acquiring an additional 1,026,321 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Inter & Co. Inc. by 43.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,927,453 shares of the company’s stock worth $16,042,000 after acquiring an additional 891,939 shares in the last quarter. Jane Street Group LLC grew its holdings in Inter & Co. Inc. by 502.0% during the 1st quarter. Jane Street Group LLC now owns 1,431,616 shares of the company’s stock worth $7,845,000 after acquiring an additional 1,193,818 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Inter & Co. Inc. by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 444,505 shares of the company’s stock valued at $3,303,000 after purchasing an additional 1,303 shares during the last quarter. 22.90% of the stock is owned by institutional investors and hedge funds.

Inter & Co. Inc. Price Performance

Shares of NASDAQ:INTR opened at $5.29 on Monday. The stock has a market cap of $2.33 billion, a P/E ratio of 8.82, a P/E/G ratio of 0.21 and a beta of 0.95. The firm has a fifty day moving average price of $5.71 and a 200 day moving average price of $7.40. 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 1-year low of $5.16 and a 1-year high of $10.36.

Inter & Co. Inc. (NASDAQ:INTR) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. The company had revenue of $437.95 million for 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 14.34%. Sell-side analysts predict that Inter & Co. Inc. will post 0.77 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on INTR shares. Wall Street Zen lowered shares of Inter & Co. Inc. from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Weiss Ratings downgraded shares of Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 10th. Citigroup lowered Inter & Co. Inc. from a “buy” rating to a “neutral” rating and dropped their target price for the company from $12.00 to $6.50 in a report on Monday, May 18th. JPMorgan Chase & Co. cut their price target on Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 12th. Finally, UBS Group decreased their price target 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. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $9.28.

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. 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.