Inter & Co, Inc. (NASDAQ:INTR - Get Free Report)'s stock price was down 3.1% during mid-day trading on Thursday . The stock traded as low as $4.05 and last traded at $4.09. Approximately 258,427 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 1,525,409 shares. The stock had previously closed at $4.22.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. lowered their price target on Inter & Co, Inc. from $8.50 to $7.20 and set an "overweight" rating on the stock in a report on Friday, December 13th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $7.30.
Get Our Latest Analysis on Inter & Co, Inc.
Inter & Co, Inc. Stock Down 2.6 %
The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 11.74 and a beta of 1.24. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average of $5.27 and a two-hundred day moving average of $6.21.
Institutional Investors Weigh In On Inter & Co, Inc.
A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp raised its holdings in Inter & Co, Inc. by 254.0% in the 3rd quarter. State Street Corp now owns 3,339,841 shares of the company's stock worth $22,243,000 after acquiring an additional 2,396,448 shares during the period. Millennium Management LLC grew its position 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 valued at $27,751,000 after purchasing an additional 1,868,527 shares during the last quarter. Fourth Sail Capital LP bought a new position in shares of Inter & Co, Inc. in the third quarter worth about $9,313,000. Marshall Wace LLP lifted its position in shares of Inter & Co, Inc. by 152.9% during 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 last quarter. Finally, Geode Capital Management LLC boosted its stake in Inter & Co, Inc. by 436.9% during the 3rd 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 during the period. Institutional investors own 22.90% of the company's stock.
Inter & Co, Inc. Company Profile
(
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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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