Citigroup Inc. Acquires 1,039,232 Shares of Inter & Co, Inc. (NASDAQ:INTR)

Citigroup Inc. lifted its stake in Inter & Co, Inc. (NASDAQ:INTR - Free Report) by 4,711.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,061,289 shares of the company's stock after purchasing an additional 1,039,232 shares during the quarter. Citigroup Inc. owned 0.24% of Inter & Co, Inc. worth $7,068,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC boosted its holdings in shares of Inter & Co, Inc. by 70.7% in the second quarter. Millennium Management LLC now owns 4,512,367 shares of the company's stock worth $27,751,000 after buying an additional 1,868,527 shares during the period. Fourth Sail Capital LP acquired a new position in Inter & Co, Inc. in the 3rd quarter worth approximately $9,313,000. Marshall Wace LLP boosted its stake in Inter & Co, Inc. by 152.9% in the 2nd quarter. Marshall Wace LLP now owns 2,309,503 shares of the company's stock worth $14,203,000 after purchasing an additional 1,396,317 shares during the period. Sumitomo Mitsui Trust Group Inc. purchased a new position in Inter & Co, Inc. during the 3rd quarter worth approximately $2,504,000. Finally, Bank of Montreal Can acquired a new stake in Inter & Co, Inc. during the 2nd quarter valued at $1,954,000. Hedge funds and other institutional investors own 22.90% of the company's stock.

Inter & Co, Inc. Stock Down 12.5 %

INTR stock traded down $0.66 during mid-day trading on Friday, hitting $4.62. The stock had a trading volume of 5,667,381 shares, compared to its average volume of 1,543,194. Inter & Co, Inc. has a 1-year low of $4.32 and a 1-year high of $7.84. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average of $6.26 and a 200 day moving average of $6.50. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 13.20 and a beta of 1.52.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on INTR shares. JPMorgan Chase & Co. upgraded 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 report on Wednesday, October 9th. UBS Group increased their price target on shares of Inter & Co, Inc. from $6.50 to $8.00 and gave the stock a "buy" rating in a research report on Friday, August 9th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $7.56.

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.