SG Americas Securities LLC Sells 8,184 Shares of Inter & Co, Inc. (NASDAQ:INTR)

SG Americas Securities LLC lowered its holdings in Inter & Co, Inc. (NASDAQ:INTR) by 4.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 195,751 shares of the company’s stock after selling 8,184 shares during the quarter. SG Americas Securities LLC’s holdings in Inter & Co, Inc. were worth $826,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. FNY Investment Advisers LLC purchased a new stake in shares of Inter & Co, Inc. in the fourth quarter worth $105,000. JPMorgan Chase & Co. bought a new stake in Inter & Co, Inc. in the 3rd quarter worth about $8,311,000. Geode Capital Management LLC boosted its holdings in Inter & Co, Inc. by 436.9% in the third 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. Public Employees Retirement System of Ohio bought a new stake in Inter & Co, Inc. in the 3rd quarter worth approximately $103,000. Finally, Nomura Asset Management Co. Ltd. purchased a new stake in Inter & Co, Inc. during the 3rd quarter valued at $180,000. Hedge funds and other institutional investors own 22.90% of the company’s stock.

Inter & Co, Inc. Trading Down 0.6 %

Shares of NASDAQ INTR opened at $5.06 on Thursday. The stock has a market capitalization of $2.20 billion, a P/E ratio of 14.46 and a beta of 1.29. The business has a fifty day moving average price of $4.58 and a 200 day moving average price of $6.00. Inter & Co, Inc. has a 1-year low of $3.88 and a 1-year high of $7.84. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.87 and a quick ratio of 0.87.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut their price objective on Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating for the company in a report on Friday, January 24th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Inter & Co, Inc. has an average rating of “Buy” and an average price target of $7.28.

About Inter & Co, Inc.

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.