JPMorgan Chase & Co. Cuts Inter & Co, Inc. (NASDAQ:INTR) Price Target to $7.10

Posted by Defense World Staff on Jan 27th, 2025

Inter & Co, Inc. (NASDAQ:INTR – Free Report) had its target price cut by JPMorgan Chase & Co. from $7.20 to $7.10 in a research report sent to investors on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

Inter & Co, Inc. Trading Up 0.6 %

INTR opened at $4.97 on Friday. Inter & Co, Inc. has a fifty-two week low of $3.88 and a fifty-two 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 firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 14.20 and a beta of 1.29. The company’s 50 day moving average price is $4.63 and its two-hundred day moving average price is $6.03.

Institutional Investors Weigh In On Inter & Co, Inc.

A number of institutional investors have recently modified their holdings of INTR. Bank of Montreal Can bought a new stake in shares of Inter & Co, Inc. in the 2nd quarter valued at $1,954,000. Marshall Wace LLP boosted its stake in Inter & Co, Inc. by 152.9% during the second quarter. Marshall Wace LLP now owns 2,309,503 shares of the company’s stock worth $14,203,000 after acquiring an additional 1,396,317 shares in the last quarter. Squarepoint Ops LLC boosted its stake in Inter & Co, Inc. by 46.4% during the second quarter. Squarepoint Ops LLC now owns 37,708 shares of the company’s stock worth $232,000 after acquiring an additional 11,949 shares in the last quarter. Millennium Management LLC boosted its stake in Inter & Co, Inc. by 70.7% during the second quarter. Millennium Management LLC now owns 4,512,367 shares of the company’s stock worth $27,751,000 after acquiring an additional 1,868,527 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Inter & Co, Inc. during the third quarter worth $1,358,000. 22.90% of the stock is owned by institutional investors.

Inter & Co, Inc. Company Profile

(Get Free Report)

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.