Mitsubishi UFJ Asset Management Co. Ltd. Lowers Holdings in Inter & Co. Inc. (NASDAQ:INTR)

Mitsubishi UFJ Asset Management Co. Ltd. decreased its holdings in Inter & Co. Inc. (NASDAQ:INTR) by 84.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,377 shares of the company’s stock after selling 206,797 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Inter & Co. Inc. were worth $216,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. D. E. Shaw & Co. Inc. purchased a new position in shares of Inter & Co. Inc. in the fourth quarter valued at approximately $60,000. Voya Investment Management LLC boosted its stake in shares of Inter & Co. Inc. by 79.8% in the fourth quarter. Voya Investment Management LLC now owns 18,544 shares of the company’s stock valued at $78,000 after purchasing an additional 8,230 shares during the period. Talon Private Wealth LLC purchased a new position in Inter & Co. Inc. in the fourth quarter worth approximately $83,000. Two Sigma Advisers LP purchased a new position in Inter & Co. Inc. in the fourth quarter worth approximately $93,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in Inter & Co. Inc. in the fourth quarter worth approximately $132,000. Hedge funds and other institutional investors own 22.90% of the company’s stock.

Inter & Co. Inc. Stock Down 0.1%

Shares of Inter & Co. Inc. stock opened at $8.17 on Friday. Inter & Co. Inc. has a 52-week low of $3.88 and a 52-week high of $8.37. The company has a 50 day moving average of $7.15 and a 200 day moving average of $6.35. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $3.59 billion, a P/E ratio of 18.16, a P/E/G ratio of 0.41 and a beta of 1.12.

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

Analyst Upgrades and Downgrades

Separately, UBS Group reiterated a “buy” rating and issued a $9.20 price target (up previously from $8.10) on shares of Inter & Co. Inc. in a research note on Tuesday.

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.