William Blair Investment Management LLC Purchases 2,110,861 Shares of Inter & Co. Inc. $INTR

William Blair Investment Management LLC grew its stake in Inter & Co. Inc. (NASDAQ:INTR) by 60.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,595,196 shares of the company’s stock after purchasing an additional 2,110,861 shares during the period. William Blair Investment Management LLC’s holdings in Inter & Co. Inc. were worth $47,447,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of INTR. Wasatch Advisors LP bought a new stake in shares of Inter & Co. Inc. in the 3rd quarter valued at approximately $52,433,000. SPX Gestao de Recursos Ltda bought a new stake in shares of Inter & Co. Inc. in the 3rd quarter valued at approximately $18,930,000. WCM Investment Management LLC grew its stake in shares of Inter & Co. Inc. by 21.3% in the 3rd quarter. WCM Investment Management LLC now owns 10,586,349 shares of the company’s stock valued at $98,135,000 after purchasing an additional 1,862,169 shares during the period. Sei Investments Co. grew its stake in shares of Inter & Co. Inc. by 10,681.6% in the 2nd quarter. Sei Investments Co. now owns 1,683,012 shares of the company’s stock valued at $12,505,000 after purchasing an additional 1,667,402 shares during the period. Finally, Samlyn Capital LLC grew its stake in shares of Inter & Co. Inc. by 19.9% in the 3rd quarter. Samlyn Capital LLC now owns 8,515,741 shares of the company’s stock valued at $78,600,000 after purchasing an additional 1,415,601 shares during the period. 22.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

INTR has been the topic of several analyst reports. Wall Street Zen lowered Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Inter & Co. Inc. in a research note on Friday, March 27th. UBS Group lowered their price objective on Inter & Co. Inc. from $11.90 to $10.40 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Citigroup lowered Inter & Co. Inc. from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $12.00 to $6.50 in a research note on Monday, May 18th. Finally, JPMorgan Chase & Co. lowered their price objective 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. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Inter & Co. Inc. has an average rating of “Moderate Buy” and a consensus target price of $9.48.

Inter & Co. Inc. Price Performance

NASDAQ INTR opened at $6.16 on Monday. The firm has a market cap of $2.72 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 0.25 and a beta of 1.02. Inter & Co. Inc. has a one year low of $5.64 and a one year high of $10.36. The stock’s 50 day simple moving average is $7.59 and its 200 day simple moving average is $8.37. 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. (NASDAQ:INTR) last released its quarterly 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 for the quarter, compared to analyst estimates of $495.33 million. Inter & Co. Inc. had a return on equity of 14.34% and a net margin of 12.24%. As a group, sell-side analysts forecast that Inter & Co. Inc. will post 0.77 earnings per share for the current fiscal year.

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.