Inter & Co, Inc. (NASDAQ:INTR) Price Target Cut to $7.20 by Analysts at JPMorgan Chase & Co.

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

Inter & Co, Inc. Stock Up 2.7 %

INTR opened at $4.63 on Friday. The company has a market cap of $2.01 billion, a PE ratio of 13.23 and a beta of 1.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.87. Inter & Co, Inc. has a 1 year low of $4.27 and a 1 year high of $7.84. The firm has a 50 day moving average price of $5.85 and a 200 day moving average price of $6.36.

Institutional Investors Weigh In On Inter & Co, Inc.

Institutional investors and hedge funds have recently modified their holdings of the stock. Citigroup Inc. lifted its position in Inter & Co, Inc. by 4,711.6% during the 3rd quarter. Citigroup Inc. now owns 1,061,289 shares of the company’s stock worth $7,068,000 after acquiring an additional 1,039,232 shares in the last quarter. Public Sector Pension Investment Board purchased a new stake in shares of Inter & Co, Inc. during the third quarter valued at approximately $1,373,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Inter & Co, Inc. during the third quarter worth $4,874,000. Van ECK Associates Corp purchased a new position in shares of Inter & Co, Inc. in the third quarter valued at $741,000. Finally, Handelsbanken Fonder AB acquired a new stake in Inter & Co, Inc. during the 3rd quarter valued at $603,000. Hedge funds and other institutional investors own 22.90% of the company’s stock.

Inter & Co, Inc. Company 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.