Inter & Co, Inc. (NASDAQ:INTR) Trading Down 2.6% – Should You Sell?

Inter & Co, Inc. (NASDAQ:INTR)’s stock price dropped 2.6% during mid-day trading on Monday . The stock traded as low as $5.63 and last traded at $5.63. Approximately 116,142 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 1,762,116 shares. The stock had previously closed at $5.78.

Analyst Upgrades and Downgrades

INTR has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price objective on Inter & Co, Inc. from $4.50 to $4.00 and set an “underweight” rating on the stock in a research note on Monday, March 17th. JPMorgan Chase & Co. dropped their price target on Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating on the stock in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Inter & Co, Inc. currently has an average rating of “Moderate Buy” and an average price target of $6.78.

Inter & Co, Inc. Price Performance

The company has a fifty day moving average price of $5.25 and a two-hundred day moving average price of $5.58. The company has a current ratio of 0.85, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 14.41 and a beta of 1.31.

Inter & Co, Inc. (NASDAQ:INTR) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Inter & Co, Inc. had a net margin of 11.74% and a return on equity of 10.06%. As a group, equities research analysts anticipate that Inter & Co, Inc. will post 0.48 EPS for the current fiscal year.

Inter & Co, Inc. Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 17th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, February 14th. This represents a yield of 0.5%. Inter & Co, Inc.’s dividend payout ratio is currently 20.51%.

Institutional Investors Weigh In On Inter & Co, Inc.

Institutional investors and hedge funds have recently made changes to their positions in the company. Citigroup Inc. lifted its holdings in Inter & Co, Inc. by 4,711.6% during the 3rd quarter. Citigroup Inc. now owns 1,061,289 shares of the company’s stock valued at $7,068,000 after purchasing an additional 1,039,232 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Inter & Co, Inc. in the third quarter valued at approximately $163,000. Quantbot Technologies LP raised its stake in shares of Inter & Co, Inc. by 1,011.4% in the third quarter. Quantbot Technologies LP now owns 210,090 shares of the company’s stock valued at $1,399,000 after acquiring an additional 191,186 shares during the last quarter. Freedom Investment Management Inc. acquired a new position in shares of Inter & Co, Inc. in the 3rd quarter worth approximately $575,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Inter & Co, Inc. during the 3rd quarter worth approximately $427,000. Institutional investors and hedge funds own 22.90% of the company’s stock.

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.