Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) had its target price decreased by investment analysts at JPMorgan Chase & Co. from $8.50 to $7.20 in a research note issued on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 55.51% from the company's current price.
Inter & Co, Inc. Trading Up 2.7 %
Shares of INTR traded up $0.12 during trading hours on Friday, hitting $4.63. The stock had a trading volume of 1,791,675 shares, compared to its average volume of 1,505,972. Inter & Co, Inc. has a 12-month low of $4.27 and a 12-month high of $7.84. The firm has a market cap of $2.01 billion, a P/E ratio of 13.23 and a beta of 1.24. 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 company's fifty day simple moving average is $5.88 and its 200 day simple moving average is $6.37.
Institutional Trading of Inter & Co, Inc.
A number of institutional investors have recently modified their holdings of the company. Bank of Montreal Can purchased a new position in Inter & Co, Inc. in the second quarter valued at approximately $1,954,000. Samlyn Capital LLC increased its position in shares of Inter & Co, Inc. by 4.1% in the second quarter. Samlyn Capital LLC now owns 4,994,031 shares of the company's stock worth $30,713,000 after acquiring an additional 196,355 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Inter & Co, Inc. by 152.9% in the 2nd quarter. Marshall Wace LLP now owns 2,309,503 shares of the company's stock valued at $14,203,000 after acquiring an additional 1,396,317 shares during the period. Squarepoint Ops LLC lifted its holdings in shares of Inter & Co, Inc. by 46.4% during the 2nd quarter. Squarepoint Ops LLC now owns 37,708 shares of the company's stock valued at $232,000 after acquiring an additional 11,949 shares in the last quarter. Finally, Millennium Management LLC boosted its position in Inter & Co, Inc. by 70.7% during the 2nd quarter. Millennium Management LLC now owns 4,512,367 shares of the company's stock worth $27,751,000 after purchasing an additional 1,868,527 shares during the period. Hedge funds and other institutional investors own 22.90% of the company's stock.
About Inter & Co, Inc.
(
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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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