Public Sector Pension Investment Board Acquires New Shares in Inter & Co, Inc. (NASDAQ:INTR)

Public Sector Pension Investment Board bought a new position in shares of Inter & Co, Inc. (NASDAQ:INTR - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 206,100 shares of the company's stock, valued at approximately $1,373,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Samlyn Capital LLC raised its holdings in Inter & Co, Inc. by 4.1% in the second quarter. Samlyn Capital LLC now owns 4,994,031 shares of the company's stock valued at $30,713,000 after acquiring an additional 196,355 shares in the last quarter. Millennium Management LLC lifted its stake in Inter & Co, Inc. by 70.7% during the second 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 last quarter. Marshall Wace LLP boosted its holdings 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 buying an additional 1,396,317 shares in the last quarter. Fourth Sail Capital LP acquired a new stake in shares of Inter & Co, Inc. during the third quarter worth about $9,313,000. Finally, Citigroup Inc. raised its position in Inter & Co, Inc. by 4,711.6% in 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. 22.90% of the stock is currently owned by institutional investors and hedge funds.

Inter & Co, Inc. Price Performance

Shares of INTR traded down $0.10 during mid-day trading on Friday, hitting $4.43. The company's stock had a trading volume of 1,867,871 shares, compared to its average volume of 2,069,140. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. Inter & Co, Inc. has a 1-year low of $4.27 and a 1-year high of $7.84. The firm has a market capitalization of $1.92 billion, a P/E ratio of 12.66 and a beta of 1.24. The firm has a 50-day simple moving average of $6.03 and a 200 day simple moving average of $6.43.

Wall Street Analyst Weigh In

INTR has been the topic of a number of recent research reports. UBS Group boosted their target price on Inter & Co, Inc. from $6.50 to $8.00 and gave the company a "buy" rating in a report on Friday, August 9th. JPMorgan Chase & Co. raised shares of Inter & Co, Inc. from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $7.50 to $8.50 in a research note on Wednesday, October 9th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Inter & Co, Inc. has a consensus rating of "Buy" and a consensus price target of $7.56.

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.