UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Inter & Co, Inc. (NASDAQ:INTR - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 731,761 shares of the company's stock, valued at approximately $4,874,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.17% of Inter & Co, Inc. at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Public Sector Pension Investment Board bought a new stake in shares of Inter & Co, Inc. during the 3rd quarter worth about $1,373,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Inter & Co, Inc. in the third quarter valued at approximately $427,000. Freedom Investment Management Inc. acquired a new stake in shares of Inter & Co, Inc. in the 3rd quarter valued at $575,000. Quantbot Technologies LP boosted its stake in shares of Inter & Co, Inc. by 1,011.4% during the 3rd quarter. Quantbot Technologies LP now owns 210,090 shares of the company's stock worth $1,399,000 after acquiring an additional 191,186 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in Inter & Co, Inc. in the 3rd quarter worth approximately $163,000. Institutional investors and hedge funds own 22.90% of the company's stock.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. raised shares of Inter & Co, Inc. from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $7.50 to $8.50 in a research report on Wednesday, October 9th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $7.56.
View Our Latest Stock Analysis on INTR
Inter & Co, Inc. Stock Performance
Shares of INTR traded down $0.23 during mid-day trading on Thursday, hitting $4.51. The company's stock had a trading volume of 1,973,397 shares, compared to its average volume of 1,504,776. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.87. Inter & Co, Inc. has a one year low of $4.27 and a one year high of $7.84. The stock's 50-day moving average is $5.88 and its two-hundred day moving average is $6.37. The firm has a market capitalization of $1.96 billion, a PE ratio of 12.89 and a beta of 1.25.
Inter & Co, Inc. Profile
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Free Report)
Inter & Co, Inc, through its subsidiaries, engages in the banking and spending, investments, insurance brokerage businesses. The company's Banking & Spending segment offers banking products and services, including checking accounts, cards, deposits, loans and advances, and other services.
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