Caisse DE Depot ET Placement DU Quebec Invests $1.76 Million in Inter & Co, Inc. (NASDAQ:INTR)

Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Inter & Co, Inc. (NASDAQ:INTR - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 264,900 shares of the company's stock, valued at approximately $1,764,000. Caisse DE Depot ET Placement DU Quebec owned 0.06% of Inter & Co, Inc. at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Citigroup Inc. raised its stake in shares of Inter & Co, Inc. by 4,711.6% in the 3rd quarter. Citigroup Inc. now owns 1,061,289 shares of the company's stock valued at $7,068,000 after purchasing an additional 1,039,232 shares during the period. Van ECK Associates Corp bought a new position in shares of Inter & Co, Inc. in the 3rd quarter valued at about $741,000. Handelsbanken Fonder AB bought a new position in shares of Inter & Co, Inc. in the 3rd quarter valued at about $603,000. Samlyn Capital LLC grew its holdings in shares of Inter & Co, Inc. by 4.1% in the 2nd quarter. Samlyn Capital LLC now owns 4,994,031 shares of the company's stock valued at $30,713,000 after acquiring an additional 196,355 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Inter & Co, Inc. in the 3rd quarter valued at about $2,504,000. Institutional investors and hedge funds own 22.90% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on INTR. JPMorgan Chase & Co. upgraded Inter & Co, Inc. from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $7.50 to $8.50 in a report on Wednesday, October 9th. UBS Group lifted their price target on Inter & Co, Inc. from $6.50 to $8.00 and gave the stock a "buy" rating in a report on Friday, August 9th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $7.56.

Inter & Co, Inc. Stock Performance

Inter & Co, Inc. stock traded down $0.10 during midday trading on Wednesday, reaching $4.36. 2,888,348 shares of the company's stock were exchanged, compared to its average volume of 1,480,370. Inter & Co, Inc. has a 52 week low of $4.27 and a 52 week high of $7.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 12.74 and a beta of 1.24. The stock's 50-day simple moving average is $6.17 and its 200 day simple moving average is $6.47.

Inter & Co, Inc. Company Profile

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.