State Street Corp Purchases 2,396,448 Shares of Inter & Co, Inc. (NASDAQ:INTR)

State Street Corp grew its stake in shares of Inter & Co, Inc. (NASDAQ:INTR - Free Report) by 254.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,339,841 shares of the company's stock after acquiring an additional 2,396,448 shares during the period. State Street Corp owned about 0.77% of Inter & Co, Inc. worth $22,243,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of INTR. Atom Investors LP purchased a new stake in Inter & Co, Inc. during the third quarter valued at about $71,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Inter & Co, Inc. during the 3rd quarter valued at approximately $91,000. Walleye Capital LLC purchased a new stake in shares of Inter & Co, Inc. during the 3rd quarter valued at approximately $162,000. The Manufacturers Life Insurance Company purchased a new position in Inter & Co, Inc. in the 3rd quarter valued at approximately $163,000. Finally, Asset Management One Co. Ltd. bought a new stake in Inter & Co, Inc. during the 3rd quarter valued at $199,000. Hedge funds and other institutional investors own 22.90% of the company's stock.

Analyst Ratings Changes

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

Inter & Co, Inc. Price Performance

NASDAQ:INTR traded down $0.15 during trading hours on Monday, hitting $4.21. The stock had a trading volume of 2,171,495 shares, compared to its average volume of 1,533,606. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 12.03 and a beta of 1.24. Inter & Co, Inc. has a one year low of $3.88 and a one year high of $7.84. The company has a 50 day simple moving average of $5.59 and a two-hundred day simple moving average of $6.29. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.87 and a quick ratio of 0.87.

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.