JPMorgan Chase & Co. Invests $8.31 Million in Inter & Co, Inc. (NASDAQ:INTR)

JPMorgan Chase & Co. purchased a new position in shares of Inter & Co, Inc. (NASDAQ:INTR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,247,906 shares of the company’s stock, valued at approximately $8,311,000. JPMorgan Chase & Co. owned 0.29% of Inter & Co, Inc. at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of INTR. Bank of Montreal Can purchased a new position in shares of Inter & Co, Inc. during the 2nd quarter worth $1,954,000. Samlyn Capital LLC boosted its holdings in Inter & Co, Inc. by 4.1% during the 2nd quarter. Samlyn Capital LLC now owns 4,994,031 shares of the company’s stock valued at $30,713,000 after acquiring an additional 196,355 shares during the period. Marshall Wace LLP boosted its holdings in Inter & Co, Inc. by 152.9% during the 2nd quarter. Marshall Wace LLP now owns 2,309,503 shares of the company’s stock valued at $14,203,000 after acquiring an additional 1,396,317 shares during the period. Squarepoint Ops LLC boosted its holdings in 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 period. Finally, Millennium Management LLC boosted its holdings in Inter & Co, Inc. by 70.7% during the 2nd quarter. Millennium Management LLC now owns 4,512,367 shares of the company’s stock valued at $27,751,000 after acquiring an additional 1,868,527 shares during the period. 22.90% of the stock is currently owned by hedge funds and other institutional investors.

Inter & Co, Inc. Stock Performance

Shares of INTR opened at $4.33 on Tuesday. The stock has a 50-day simple moving average of $4.91 and a 200-day simple moving average of $6.11. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market capitalization of $1.88 billion, a PE ratio of 12.37 and a beta of 1.29. Inter & Co, Inc. has a 1 year low of $3.88 and a 1 year high of $7.84.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered their target price 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 investment 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 an average target price of $7.30.

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.