Inter & Co, Inc. (NASDAQ:INTR) Stock Price Up 3.8% – Here’s What Happened

Inter & Co, Inc. (NASDAQ:INTR) traded up 3.8% during mid-day trading on Tuesday . The company traded as high as $5.80 and last traded at $5.83. 277,024 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 1,769,791 shares. The stock had previously closed at $5.61.

Wall Street Analyst Weigh In

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

Inter & Co, Inc. Trading Up 0.6 %

The company has a fifty day moving average of $5.28 and a 200-day moving average of $5.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.85 and a quick ratio of 0.87. The firm has a market capitalization of $2.45 billion, a PE ratio of 14.47 and a beta of 1.31.

Inter & Co, Inc. (NASDAQ:INTR) last posted its earnings results on Thursday, February 6th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. Inter & Co, Inc. had a return on equity of 10.06% and a net margin of 11.74%. On average, sell-side analysts anticipate that Inter & Co, Inc. will post 0.48 earnings per share for the current fiscal year.

Inter & Co, Inc. Dividend Announcement

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

Institutional Investors Weigh In On Inter & Co, Inc.

Hedge funds have recently modified their holdings of the business. Citigroup Inc. boosted its holdings in Inter & Co, Inc. by 4,711.6% in 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 period. JPMorgan Chase & Co. bought a new stake in shares of Inter & Co, Inc. in the third quarter valued at about $8,311,000. Geode Capital Management LLC lifted its stake in shares of 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 valued at $11,060,000 after buying an additional 1,361,258 shares during the period. Public Sector Pension Investment Board acquired a new stake in Inter & Co, Inc. during the third quarter worth about $1,373,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Inter & Co, Inc. during the third quarter valued at about $4,874,000. 22.90% of the stock is owned by institutional investors.

Inter & Co, Inc. Company Profile

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.