JPMorgan Chase & Co. Takes Position in Inter & Co, Inc. (NASDAQ:INTR)

JPMorgan Chase & Co. acquired a new stake in Inter & Co, Inc. (NASDAQ:INTR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,247,906 shares of the company’s stock, valued at approximately $8,311,000.

Several other hedge funds and other institutional investors have also made changes to their positions in INTR. Atom Investors LP acquired a new stake in shares of Inter & Co, Inc. during the 3rd quarter worth about $71,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Inter & Co, Inc. during the 3rd quarter worth about $91,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Inter & Co, Inc. during the 3rd quarter worth about $103,000. Walleye Capital LLC acquired a new stake in shares of Inter & Co, Inc. during the 3rd quarter worth about $162,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Inter & Co, Inc. during the 3rd quarter worth about $163,000. Hedge funds and other institutional investors own 22.90% of the company’s stock.

Analysts Set New Price Targets

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

Inter & Co, Inc. Trading Up 1.6 %

INTR opened at $4.33 on Tuesday. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 12.37 and a beta of 1.29. Inter & Co, Inc. has a 52 week low of $3.88 and a 52 week high of $7.84. The business’s 50 day moving average is $4.91 and its two-hundred day moving average is $6.11. 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. Company 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.