Inter & Co, Inc. (NASDAQ:INTR) Shares Bought by Citigroup Inc.

Citigroup Inc. raised its position in Inter & Co, Inc. (NASDAQ:INTR) by 4,711.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,061,289 shares of the company’s stock after buying an additional 1,039,232 shares during the quarter. Citigroup Inc. owned approximately 0.24% of Inter & Co, Inc. worth $7,068,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Samlyn Capital LLC raised its position in Inter & Co, Inc. by 4.1% in the 2nd quarter. Samlyn Capital LLC now owns 4,994,031 shares of the company’s stock valued at $30,713,000 after purchasing an additional 196,355 shares during the last quarter. Millennium Management LLC increased its stake 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 valued at $27,751,000 after purchasing an additional 1,868,527 shares during the period. Marshall Wace LLP raised its holdings in shares of Inter & Co, Inc. by 152.9% in the second quarter. Marshall Wace LLP now owns 2,309,503 shares of the company’s stock valued at $14,203,000 after buying an additional 1,396,317 shares during the last quarter. Fourth Sail Capital LP purchased a new stake in shares of Inter & Co, Inc. in the third quarter valued at about $9,313,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Inter & Co, Inc. during the third quarter worth about $2,504,000. 22.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Inter & Co, Inc. Stock Performance

Shares of NASDAQ INTR opened at $4.62 on Friday. The company has a market capitalization of $2.01 billion, a P/E 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. has a one year low of $4.32 and a one year high of $7.84. The business’s 50-day moving average price is $6.26 and its two-hundred day moving average price is $6.50.

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.