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

Geode Capital Management LLC grew its stake in shares of Inter & Co, Inc. (NASDAQ:INTR - Free Report) by 436.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,672,833 shares of the company's stock after acquiring an additional 1,361,258 shares during the quarter. Geode Capital Management LLC owned about 0.39% of Inter & Co, Inc. worth $11,060,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in INTR. Bank of Montreal Can bought a new position in Inter & Co, Inc. during the second quarter valued at approximately $1,954,000. Samlyn Capital LLC boosted its stake 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 worth $30,713,000 after buying an additional 196,355 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Inter & Co, Inc. by 152.9% in the second quarter. Marshall Wace LLP now owns 2,309,503 shares of the company's stock worth $14,203,000 after acquiring an additional 1,396,317 shares during the period. Squarepoint Ops LLC increased its position in Inter & Co, Inc. by 46.4% during the second quarter. Squarepoint Ops LLC now owns 37,708 shares of the company's stock valued at $232,000 after acquiring an additional 11,949 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Inter & Co, Inc. by 70.7% in the second quarter. Millennium Management LLC now owns 4,512,367 shares of the company's stock valued at $27,751,000 after acquiring an additional 1,868,527 shares during the period. 22.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their price objective on shares of Inter & Co, Inc. from $8.50 to $7.20 and set an "overweight" rating on the stock in a research note on Friday, December 13th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $7.30.

Inter & Co, Inc. Price Performance

Shares of INTR traded up $0.03 during mid-day trading on Wednesday, hitting $4.22. 1,129,194 shares of the stock were exchanged, compared to its average volume of 1,525,409. 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 company has a market cap of $1.83 billion, a PE ratio of 12.06 and a beta of 1.24. Inter & Co, Inc. has a 52-week low of $3.88 and a 52-week high of $7.84. The firm has a 50-day moving average of $5.27 and a two-hundred day moving average of $6.21.

About Inter & Co, Inc.

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.