Inter & Co, Inc. (NASDAQ:INTR – Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $7.75 and last traded at $7.71, with a volume of 82675 shares trading hands. The stock had previously closed at $7.65.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on INTR shares. Citigroup started coverage on Inter & Co, Inc. in a report on Tuesday, June 25th. They issued a “buy” rating and a $6.80 price target for the company. Itau BBA Securities raised Inter & Co, Inc. from a “market perform” rating to an “outperform” rating and set a $8.00 price target for the company in a report on Tuesday, May 21st. Finally, UBS Group upped their price target on Inter & Co, Inc. from $6.50 to $8.00 and gave the company a “buy” rating in a report on Friday, August 9th.
View Our Latest Analysis on INTR
Inter & Co, Inc. Price Performance
Institutional Investors Weigh In On Inter & Co, Inc.
Several large investors have recently modified their holdings of INTR. Bayesian Capital Management LP purchased a new stake in shares of Inter & Co, Inc. during the first quarter worth approximately $180,000. Jump Financial LLC raised its stake in shares of Inter & Co, Inc. by 301.9% during the fourth quarter. Jump Financial LLC now owns 41,800 shares of the company’s stock worth $232,000 after purchasing an additional 31,400 shares during the last quarter. Squarepoint Ops LLC raised its stake in shares of Inter & Co, Inc. by 46.4% during the second quarter. Squarepoint Ops LLC now owns 37,708 shares of the company’s stock worth $232,000 after purchasing an additional 11,949 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Inter & Co, Inc. during the first quarter worth approximately $346,000. Finally, Quadrature Capital Ltd raised its stake in shares of Inter & Co, Inc. by 496.8% during the fourth quarter. Quadrature Capital Ltd now owns 69,518 shares of the company’s stock worth $387,000 after purchasing an additional 57,870 shares during the last quarter. 22.90% of the stock is 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.
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