Inter & Co. Inc. (NASDAQ:INTR) Given “Buy” Rating at UBS Group

Inter & Co. Inc. (NASDAQ:INTR)‘s stock had its “buy” rating reiterated by stock analysts at UBS Group in a research note issued on Tuesday, MarketBeat Ratings reports. They presently have a $9.20 price objective on the stock, up from their previous price objective of $8.10. UBS Group’s target price indicates a potential upside of 12.47% from the company’s current price.

Inter & Co. Inc. Stock Down 0.5%

INTR opened at $8.18 on Tuesday. The stock has a market cap of $3.60 billion, a PE ratio of 18.18, a P/E/G ratio of 0.43 and a beta of 1.12. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.06. Inter & Co. Inc. has a 52 week low of $3.88 and a 52 week high of $8.30. The business’s fifty day simple moving average is $7.13 and its 200 day simple moving average is $6.33.

Inter & Co. Inc. (NASDAQ:INTR) last released its earnings results on Wednesday, August 6th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $365.45 million for the quarter, compared to analysts’ expectations of $2.04 billion. Inter & Co. Inc. had a return on equity of 11.85% and a net margin of 12.55%. As a group, research analysts expect that Inter & Co. Inc. will post 0.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in INTR. WCM Investment Management LLC increased its stake in Inter & Co. Inc. by 170.5% in the second quarter. WCM Investment Management LLC now owns 8,724,180 shares of the company’s stock valued at $64,123,000 after acquiring an additional 5,499,557 shares during the last quarter. Martin Currie Ltd. bought a new position in Inter & Co. Inc. in the second quarter valued at $28,040,000. Sharp Capital Gestora de Recursos Ltda. bought a new position in Inter & Co. Inc. in the second quarter valued at $14,881,000. William Blair Investment Management LLC bought a new position in Inter & Co. Inc. in the second quarter valued at $12,393,000. Finally, Samlyn Capital LLC grew its stake in shares of Inter & Co. Inc. by 23.8% during the first quarter. Samlyn Capital LLC now owns 7,591,911 shares of the company’s stock valued at $41,604,000 after buying an additional 1,459,151 shares during the last quarter. Institutional investors own 22.90% of the company’s stock.

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.