WCM Investment Management LLC Increases Stake in Inter & Co, Inc. (NASDAQ:INTR)

WCM Investment Management LLC increased its holdings in Inter & Co, Inc. (NASDAQ:INTR) by 29.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,303,578 shares of the company’s stock after purchasing an additional 742,769 shares during the quarter. WCM Investment Management LLC owned 0.76% of Inter & Co, Inc. worth $13,842,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in INTR. Citigroup Inc. grew its stake in shares of Inter & Co, Inc. by 4,711.6% during the third quarter. Citigroup Inc. now owns 1,061,289 shares of the company’s stock valued at $7,068,000 after buying an additional 1,039,232 shares during the last quarter. JPMorgan Chase & Co. bought a new position in Inter & Co, Inc. during the 3rd quarter worth approximately $8,311,000. Geode Capital Management LLC increased its stake in Inter & Co, Inc. by 436.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,672,833 shares of the company’s stock worth $11,060,000 after purchasing an additional 1,361,258 shares during the period. Public Sector Pension Investment Board bought a new stake in Inter & Co, Inc. in the third quarter valued at approximately $1,373,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Inter & Co, Inc. during the third quarter valued at approximately $4,874,000. 22.90% of the stock is owned by institutional investors.

Inter & Co, Inc. Stock Down 4.3 %

Shares of NASDAQ:INTR opened at $5.32 on Monday. The stock’s 50-day moving average is $4.58 and its 200 day moving average is $5.93. The company has a market cap of $2.31 billion, a PE ratio of 13.64 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.87 and a quick ratio of 0.87. Inter & Co, Inc. has a 1 year low of $3.88 and a 1 year high of $7.84.

Inter & Co, Inc. (NASDAQ:INTR) last posted its earnings results on Thursday, February 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. Inter & Co, Inc. had a return on equity of 10.10% and a net margin of 11.74%. Sell-side analysts anticipate that Inter & Co, Inc. will post 0.48 EPS for the current year.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their target price on shares of Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating on the stock in a research note on Friday, January 24th.

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.