JPMorgan Chase & Co. Cuts Inter & Co, Inc. (NASDAQ:INTR) Price Target to $7.20

Inter & Co, Inc. (NASDAQ:INTR) had its price target trimmed by JPMorgan Chase & Co. from $8.50 to $7.20 in a research report sent to investors on Friday,Benzinga reports. The firm currently has an overweight rating on the stock.

Inter & Co, Inc. Stock Performance

Shares of NASDAQ INTR opened at $4.63 on Friday. The company has a 50-day simple moving average of $5.85 and a 200-day simple moving average of $6.36. 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 company has a market cap of $2.01 billion, a PE ratio of 13.23 and a beta of 1.24. Inter & Co, Inc. has a 12 month low of $4.27 and a 12 month high of $7.84.

Hedge Funds Weigh In On Inter & Co, Inc.

Several institutional investors have recently added to or reduced their stakes in the business. Samlyn Capital LLC grew its holdings in 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 buying an additional 196,355 shares during the period. Millennium Management LLC boosted its position in shares of Inter & Co, Inc. by 70.7% in 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 during the last quarter. State Street Corp boosted its position in shares of Inter & Co, Inc. by 254.0% in the third quarter. State Street Corp now owns 3,339,841 shares of the company’s stock worth $22,243,000 after acquiring an additional 2,396,448 shares during the last quarter. Marshall Wace LLP grew its holdings 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 purchasing an additional 1,396,317 shares during the period. Finally, Geode Capital Management LLC increased its position in Inter & Co, Inc. by 436.9% during the third quarter. Geode Capital Management LLC now owns 1,672,833 shares of the company’s stock worth $11,060,000 after purchasing an additional 1,361,258 shares during the last quarter. 22.90% of the stock is currently owned by institutional investors and hedge funds.

About Inter & Co, Inc.

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.