Nomura Asset Management Co. Ltd. Purchases Shares of 27,100 Inter & Co, Inc. (NASDAQ:INTR)

Nomura Asset Management Co. Ltd. acquired a new position in Inter & Co, Inc. (NASDAQ:INTR) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 27,100 shares of the company’s stock, valued at approximately $180,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of Montreal Can bought a new stake in Inter & Co, Inc. during the second quarter worth approximately $1,954,000. Samlyn Capital LLC lifted its position in shares of Inter & Co, Inc. by 4.1% during the 2nd quarter. Samlyn Capital LLC now owns 4,994,031 shares of the company’s stock valued at $30,713,000 after acquiring an additional 196,355 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Inter & Co, Inc. by 152.9% during the 2nd quarter. Marshall Wace LLP now owns 2,309,503 shares of the company’s stock worth $14,203,000 after acquiring an additional 1,396,317 shares in the last quarter. Squarepoint Ops LLC grew its holdings in shares of Inter & Co, Inc. by 46.4% in the 2nd quarter. Squarepoint Ops LLC now owns 37,708 shares of the company’s stock worth $232,000 after acquiring an additional 11,949 shares during the last quarter. Finally, Millennium Management LLC raised its position in shares of Inter & Co, Inc. by 70.7% during 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 during the period. 22.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their price target on Inter & Co, Inc. from $8.50 to $7.20 and set an “overweight” rating for the company in a research report on Friday. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $7.30.

Inter & Co, Inc. Trading Up 2.7 %

Inter & Co, Inc. stock opened at $4.63 on Monday. Inter & Co, Inc. has a 52 week low of $4.27 and a 52 week high of $7.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 13.23 and a beta of 1.24. The company has a 50 day moving average price of $5.85 and a 200 day moving average price of $6.36.

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.