State Street Corp Has $22.24 Million Stake in Inter & Co, Inc. (NASDAQ:INTR)

State Street Corp lifted its holdings in shares of Inter & Co, Inc. (NASDAQ:INTR) by 254.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,339,841 shares of the company’s stock after purchasing an additional 2,396,448 shares during the quarter. State Street Corp’s holdings in Inter & Co, Inc. were worth $22,243,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Atom Investors LP bought a new stake in Inter & Co, Inc. during the 3rd quarter worth approximately $71,000. Squarepoint Ops LLC boosted its holdings in shares of Inter & Co, Inc. by 46.4% in the second quarter. Squarepoint Ops LLC now owns 37,708 shares of the company’s stock valued at $232,000 after buying an additional 11,949 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Inter & Co, Inc. in the third quarter valued at approximately $91,000. Walleye Capital LLC bought a new stake in shares of Inter & Co, Inc. during the third quarter worth $162,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Inter & Co, Inc. during the third quarter worth $163,000. Institutional investors own 22.90% of the company’s stock.

Analyst Upgrades and Downgrades

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

Inter & Co, Inc. Trading Up 7.9 %

NASDAQ:INTR opened at $4.36 on Monday. The company has a market cap of $1.89 billion, a P/E ratio of 12.46 and a beta of 1.24. Inter & Co, Inc. has a twelve month low of $3.88 and a twelve month high of $7.84. The business has a 50 day moving average price of $5.64 and a two-hundred day moving average price of $6.30. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.01.

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.