Jane Street Group LLC cut its stake in Inter & Co, Inc. (NASDAQ:INTR - Free Report) by 79.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,393 shares of the company's stock after selling 139,490 shares during the period. Jane Street Group LLC's holdings in Inter & Co, Inc. were worth $236,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of the stock. State Street Corp raised its holdings in Inter & Co, Inc. by 254.0% during the 3rd quarter. State Street Corp now owns 3,339,841 shares of the company's stock worth $22,243,000 after purchasing an additional 2,396,448 shares during the last quarter. Atom Investors LP bought a new stake in shares of Inter & Co, Inc. during the third quarter worth approximately $71,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in Inter & Co, Inc. in the third quarter valued at approximately $627,000. Caisse DE Depot ET Placement DU Quebec bought a new position in Inter & Co, Inc. in the third quarter valued at approximately $1,764,000. Finally, Walleye Capital LLC acquired a new stake in Inter & Co, Inc. during the 3rd quarter worth $162,000. 22.90% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. decreased their price objective on Inter & Co, Inc. from $8.50 to $7.20 and set an "overweight" rating for the company in a research note on Friday, December 13th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $7.30.
Check Out Our Latest Stock Report on INTR
Inter & Co, Inc. Stock Up 0.2 %
Shares of NASDAQ:INTR traded up $0.01 during trading on Friday, hitting $4.26. 1,481,555 shares of the company's stock traded hands, compared to its average volume of 1,675,392. 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 50-day moving average price of $4.95 and a 200-day moving average price of $6.13. Inter & Co, Inc. has a 52 week low of $3.88 and a 52 week high of $7.84. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 12.17 and a beta of 1.29.
About Inter & Co, Inc.
(
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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