Sumitomo Mitsui Trust Group Inc. Invests $2.50 Million in Inter & Co, Inc. (NASDAQ:INTR)

Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Inter & Co, Inc. (NASDAQ:INTR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 375,962 shares of the company’s stock, valued at approximately $2,504,000. Sumitomo Mitsui Trust Group Inc. owned 0.09% of Inter & Co, Inc. as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Inter & Co, Inc. during the third quarter worth about $91,000. Asset Management One Co. Ltd. acquired a new stake in Inter & Co, Inc. in the third quarter valued at about $199,000. Bayesian Capital Management LP acquired a new stake in Inter & Co, Inc. in the first quarter valued at about $180,000. Squarepoint Ops LLC lifted its position in Inter & Co, Inc. by 46.4% in the second quarter. Squarepoint Ops LLC now owns 37,708 shares of the company’s stock valued at $232,000 after purchasing an additional 11,949 shares during the period. Finally, Virtu Financial LLC acquired a new stake in Inter & Co, Inc. in the first quarter valued at about $346,000. Institutional investors and hedge funds own 22.90% of the company’s stock.

Inter & Co, Inc. Trading Up 0.7 %

Shares of Inter & Co, Inc. stock opened at $6.03 on Tuesday. Inter & Co, Inc. has a 12-month low of $4.32 and a 12-month high of $7.84. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.62 billion, a PE ratio of 17.09 and a beta of 1.52. The company has a 50-day moving average of $6.60 and a two-hundred day moving average of $6.51.

Analysts Set New Price Targets

A number of brokerages recently commented on INTR. JPMorgan Chase & Co. upgraded shares of Inter & Co, Inc. from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $7.50 to $8.50 in a research report on Wednesday, October 9th. UBS Group raised their price objective on shares of Inter & Co, Inc. from $6.50 to $8.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $7.56.

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.