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

Posted by Joseph McCarthy on Jan 25th, 2025

Inter & Co, Inc. (NASDAQ:INTR – Free Report) had its price objective trimmed by JPMorgan Chase & Co. from $7.20 to $7.10 in a report published on Friday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Inter & Co, Inc. Price Performance

Shares of NASDAQ:INTR opened at $4.97 on Friday. Inter & Co, Inc. has a twelve month low of $3.88 and a twelve month high of $7.84. 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 stock’s 50 day moving average is $4.63 and its 200-day moving average is $6.03. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.01.

Institutional Trading of Inter & Co, Inc.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Swedbank AB purchased a new position in Inter & Co, Inc. during the 4th quarter worth $7,826,000. FNY Investment Advisers LLC purchased a new position in Inter & Co, Inc. in the fourth quarter valued at about $105,000. JPMorgan Chase & Co. bought a new position in shares of Inter & Co, Inc. during the 3rd quarter valued at approximately $8,311,000. Geode Capital Management LLC increased its stake in shares of Inter & Co, Inc. by 436.9% during the 3rd 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. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Inter & Co, Inc. in the 3rd quarter worth approximately $103,000. 22.90% of the stock is owned by hedge funds and other institutional investors.

About Inter & Co, Inc.

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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.