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

State Street Corp increased its position in Inter & Co, Inc. (NASDAQ:INTR) by 254.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 owned approximately 0.77% of Inter & Co, Inc. worth $22,243,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Samlyn Capital LLC boosted its stake in shares of Inter & Co, Inc. by 4.1% in the 2nd quarter. Samlyn Capital LLC now owns 4,994,031 shares of the company’s stock valued at $30,713,000 after purchasing an additional 196,355 shares during the last quarter. Millennium Management LLC lifted its holdings in Inter & Co, Inc. by 70.7% in the second quarter. Millennium Management LLC now owns 4,512,367 shares of the company’s stock valued at $27,751,000 after buying an additional 1,868,527 shares during the period. Marshall Wace LLP boosted its stake in Inter & Co, Inc. by 152.9% in the second 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 last quarter. Fourth Sail Capital LP acquired a new stake in Inter & Co, Inc. during the 3rd quarter worth $9,313,000. Finally, Citigroup Inc. raised its position in shares of Inter & Co, Inc. by 4,711.6% during the 3rd quarter. Citigroup Inc. now owns 1,061,289 shares of the company’s stock valued at $7,068,000 after acquiring an additional 1,039,232 shares during the last quarter. 22.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their price target 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 investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Inter & Co, Inc. presently has a consensus rating of “Buy” and an average target price of $7.30.

Inter & Co, Inc. Stock Up 7.9 %

Shares of NASDAQ INTR opened at $4.36 on Monday. 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 quick ratio of 0.87 and a current ratio of 0.87. The stock has a market cap of $1.89 billion, a P/E ratio of 12.46 and a beta of 1.24. The firm has a 50 day moving average price of $5.64 and a 200 day moving average price of $6.30.

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.