Swedbank AB Invests $7.83 Million in Inter & Co, Inc. (NASDAQ:INTR)

Swedbank AB purchased a new stake in Inter & Co, Inc. (NASDAQ:INTR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,854,400 shares of the company's stock, valued at approximately $7,826,000. Swedbank AB owned approximately 0.43% of Inter & Co, Inc. as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Citigroup Inc. raised its holdings in shares of 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 in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Inter & Co, Inc. in the 3rd quarter worth approximately $8,311,000. Geode Capital Management LLC grew its position in shares of Inter & Co, Inc. by 436.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,672,833 shares of the company's stock worth $11,060,000 after buying an additional 1,361,258 shares during the last quarter. Public Sector Pension Investment Board purchased a new position in shares of Inter & Co, Inc. in the 3rd quarter worth approximately $1,373,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Inter & Co, Inc. in the 3rd quarter worth approximately $4,874,000. Institutional investors own 22.90% of the company's stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. cut their price objective on shares of Inter & Co, Inc. from $7.20 to $7.10 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $7.28.

Inter & Co, Inc. Stock Performance

NASDAQ:INTR traded up $0.04 during trading hours on Wednesday, hitting $5.28. 1,927,098 shares of the company were exchanged, compared to its average volume of 1,846,256. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 15.09 and a beta of 1.32. Inter & Co, Inc. has a 52-week low of $3.88 and a 52-week 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 company's 50 day moving average price is $4.56 and its 200-day moving average price is $5.95.

Inter & Co, Inc. Profile

Inter & Co, Inc Is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Banking, Securities, Insurance Brokerage, Marketplace, Asset Management, Service, and Other. The Banking segment offers checking accounts cards, deposits, loans and advances, and other services through mobile application.