Citigroup Inc. Acquires 1,039,232 Shares of Inter & Co, Inc. (NASDAQ:INTR)

Citigroup Inc. lifted its holdings in shares of Inter & Co, Inc. (NASDAQ:INTR) by 4,711.6% in the third quarter, Holdings Channel.com reports. The fund owned 1,061,289 shares of the company’s stock after purchasing an additional 1,039,232 shares during the quarter. Citigroup Inc.’s holdings in Inter & Co, Inc. were worth $7,068,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Millennium Management LLC raised its position 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 worth $27,751,000 after purchasing an additional 1,868,527 shares in the last quarter. Fourth Sail Capital LP bought a new stake in shares of Inter & Co, Inc. in the 3rd quarter valued at approximately $9,313,000. Marshall Wace LLP raised its holdings in shares of Inter & Co, Inc. by 152.9% in the 2nd quarter. Marshall Wace LLP now owns 2,309,503 shares of the company’s stock worth $14,203,000 after buying an additional 1,396,317 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Inter & Co, Inc. during the 3rd quarter worth approximately $2,504,000. Finally, Bank of Montreal Can acquired a new stake in Inter & Co, Inc. in the 2nd quarter valued at $1,954,000. 22.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on INTR shares. UBS Group increased their price objective on Inter & Co, Inc. from $6.50 to $8.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. raised shares of Inter & Co, Inc. from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $7.50 to $8.50 in a report on Wednesday, October 9th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $7.56.

Inter & Co, Inc. Stock Down 12.5 %

NASDAQ INTR opened at $4.62 on Friday. The stock’s 50 day simple moving average is $6.26 and its 200 day simple moving average is $6.50. Inter & Co, Inc. has a one year low of $4.32 and a one year high of $7.84. The firm has a market cap of $2.01 billion, a PE ratio of 13.20 and a beta of 1.52. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.87 and a quick ratio of 0.87.

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.