Sumitomo Mitsui Trust Group Inc. purchased a new stake in Inter & Co, Inc. (NASDAQ:INTR - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 375,962 shares of the company's stock, valued at approximately $2,504,000. Sumitomo Mitsui Trust Group Inc. owned about 0.09% of Inter & Co, Inc. as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTR. Squarepoint Ops LLC raised its position 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 during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Inter & Co, Inc. during the third quarter worth $91,000. Asset Management One Co. Ltd. bought a new stake in Inter & Co, Inc. in the third quarter valued at about $199,000. Bayesian Capital Management LP acquired a new position in Inter & Co, Inc. in the first quarter valued at about $180,000. Finally, Quadrature Capital Ltd lifted its stake in Inter & Co, Inc. by 46.6% in the first quarter. Quadrature Capital Ltd now owns 101,888 shares of the company's stock valued at $583,000 after buying an additional 32,370 shares during the period. 22.90% of the stock is currently owned by institutional investors and hedge funds.
Inter & Co, Inc. Trading Up 0.7 %
NASDAQ INTR opened at $6.03 on Tuesday. Inter & Co, Inc. has a one year low of $4.32 and a one year high of $7.84. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market cap of $2.62 billion, a P/E ratio of 17.23 and a beta of 1.52. The stock's 50-day moving average is $6.60 and its 200-day moving average is $6.51.
Analysts Set New Price Targets
Several research firms have recently issued reports on INTR. UBS Group boosted their target price on Inter & Co, Inc. from $6.50 to $8.00 and gave the stock a "buy" rating in a research report on Friday, August 9th. JPMorgan Chase & Co. raised shares of Inter & Co, Inc. from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $7.50 to $8.50 in a research note on Wednesday, October 9th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $7.56.
View Our Latest Stock Analysis on INTR
Inter & Co, Inc. Profile
(
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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