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

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

Analysts Set New Price Targets

INTR has been the subject of a number of recent research reports. Morgan Stanley reduced their price objective on shares of Inter & Co, Inc. from $4.50 to $4.00 and set an “underweight” rating for the company in a research note on Monday, March 17th. JPMorgan Chase & Co. reduced their price target on shares of 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. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $6.78.

Inter & Co, Inc. Trading Up 1.2 %

The stock has a market cap of $2.50 billion, a PE ratio of 14.74 and a beta of 1.31. The stock’s fifty day moving average price is $5.33 and its 200 day moving average price is $5.55. The company has a quick ratio of 0.87, a current ratio of 0.85 and a debt-to-equity ratio of 0.01.

Inter & Co, Inc. (NASDAQ:INTR) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts forecast that Inter & Co, Inc. will post 0.48 EPS for the current year.

Inter & Co, Inc. Announces Dividend

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

Institutional Investors Weigh In On Inter & Co, Inc.

Several institutional investors have recently made changes to their positions in the company. Citigroup Inc. raised its position 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 in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Inter & Co, Inc. during the third quarter worth $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 worth $1,399,000 after purchasing an additional 191,186 shares during the last quarter. Freedom Investment Management Inc. acquired a new position in Inter & Co, Inc. in the 3rd quarter worth approximately $575,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Inter & Co, Inc. during the third quarter worth $427,000. Institutional investors 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.