FNY Investment Advisers LLC Takes Position in Inter & Co, Inc. (NASDAQ:INTR)

FNY Investment Advisers LLC purchased a new stake in Inter & Co, Inc. (NASDAQ:INTR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 25,000 shares of the company’s stock, valued at approximately $105,000.

Other institutional investors have also recently bought and sold shares of the company. Citigroup Inc. boosted its holdings in shares of Inter & Co, Inc. by 4,711.6% in the third quarter. Citigroup Inc. now owns 1,061,289 shares of the company’s stock worth $7,068,000 after buying an additional 1,039,232 shares during the period. Geode Capital Management LLC lifted its position in shares of Inter & Co, Inc. by 436.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,672,833 shares of the company’s stock valued at $11,060,000 after acquiring an additional 1,361,258 shares in the last quarter. Public Sector Pension Investment Board acquired a new position in Inter & Co, Inc. in the 3rd quarter worth approximately $1,373,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Inter & Co, Inc. during the 3rd quarter worth approximately $4,874,000. Finally, JPMorgan Chase & Co. purchased a new position in Inter & Co, Inc. during the 3rd quarter worth approximately $8,311,000. Hedge funds and other institutional investors own 22.90% of the company’s stock.

Inter & Co, Inc. Stock Up 0.2 %

Shares of Inter & Co, Inc. stock opened at $4.34 on Wednesday. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 12.40 and a beta of 1.29. The stock has a 50-day simple moving average of $4.87 and a 200-day simple moving average of $6.10. 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 current ratio of 0.87 and a quick ratio of 0.87.

Analyst Upgrades and Downgrades

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