JPMorgan Chase & Co. Takes $8.31 Million Position in Inter & Co, Inc. (NASDAQ:INTR)

JPMorgan Chase & Co. acquired a new stake in shares of Inter & Co, Inc. (NASDAQ:INTR - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,247,906 shares of the company's stock, valued at approximately $8,311,000. JPMorgan Chase & Co. owned about 0.29% of Inter & Co, Inc. as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Atom Investors LP acquired a new position in shares of Inter & Co, Inc. during the 3rd quarter worth about $71,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Inter & Co, Inc. in the third quarter valued at approximately $91,000. Public Employees Retirement System of Ohio bought a new position in Inter & Co, Inc. during the third quarter worth $103,000. Walleye Capital LLC acquired a new position in Inter & Co, Inc. during the 3rd quarter valued at $162,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Inter & Co, Inc. in the 3rd quarter valued at $163,000. 22.90% of the stock is owned by institutional investors.

Inter & Co, Inc. Price Performance

Shares of INTR stock traded up $0.03 during trading hours on Tuesday, hitting $4.36. The company had a trading volume of 541,364 shares, compared to its average volume of 1,525,246. 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 firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 12.46 and a beta of 1.29. Inter & Co, Inc. has a 12 month low of $3.88 and a 12 month high of $7.84. The firm's fifty day moving average is $4.91 and its 200 day moving average is $6.11.

Analyst Upgrades and Downgrades

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

Inter & Co, Inc. 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.