Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $4.22, but opened at $4.38. Inter & Co, Inc. shares last traded at $4.38, with a volume of 238,066 shares.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. dropped their price objective on 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 research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $7.30.
Read Our Latest Stock Analysis on Inter & Co, Inc.
Inter & Co, Inc. Trading Up 4.0 %
The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 12.54 and a beta of 1.29. The firm's 50-day moving average is $5.13 and its 200-day moving average is $6.17. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01.
Institutional Investors Weigh In On Inter & Co, Inc.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Citigroup Inc. boosted its stake in Inter & Co, Inc. by 4,711.6% during 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 last quarter. Geode Capital Management LLC lifted its holdings in shares of Inter & Co, Inc. by 436.9% in the third quarter. Geode Capital Management LLC now owns 1,672,833 shares of the company's stock valued at $11,060,000 after purchasing an additional 1,361,258 shares in the last quarter. Public Sector Pension Investment Board purchased a new position in shares of Inter & Co, Inc. during the third quarter valued at approximately $1,373,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Inter & Co, Inc. in the 3rd quarter valued at $4,874,000. Finally, Van ECK Associates Corp purchased a new stake in Inter & Co, Inc. in the 3rd quarter valued at $741,000. 22.90% of the stock is owned by institutional investors.
Inter & Co, Inc. Company Profile
(
Get 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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