Citigroup started coverage on shares of Inter & Co, Inc. (NASDAQ:INTR – Free Report) in a report released on Tuesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $6.80 price objective on the stock.
Separately, Itau BBA Securities raised shares of Inter & Co, Inc. from a market perform rating to an outperform rating and set a $8.00 price target for the company in a report on Tuesday, May 21st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $5.96.
View Our Latest Report on Inter & Co, Inc.
Inter & Co, Inc. Stock Performance
Inter & Co, Inc. (NASDAQ:INTR – Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Inter & Co, Inc. had a net margin of 7.38% and a return on equity of 6.16%. The company had revenue of $332.84 million during the quarter. During the same period in the previous year, the company posted $0.01 earnings per share. Sell-side analysts predict that Inter & Co, Inc. will post 0.38 earnings per share for the current fiscal year.
Inter & Co, Inc. Dividend Announcement
The company also recently disclosed a — dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 16th were paid a dividend of $0.03 per share. The ex-dividend date was Monday, April 15th. Inter & Co, Inc.’s dividend payout ratio is presently 13.04%.
Institutional Trading of Inter & Co, Inc.
A number of hedge funds have recently bought and sold shares of INTR. Quadrature Capital Ltd purchased a new stake in Inter & Co, Inc. during the third quarter valued at about $47,000. Bayesian Capital Management LP purchased a new stake in Inter & Co, Inc. during the first quarter valued at about $180,000. Jump Financial LLC lifted its stake in Inter & Co, Inc. by 301.9% during the fourth quarter. Jump Financial LLC now owns 41,800 shares of the company’s stock valued at $232,000 after buying an additional 31,400 shares in the last quarter. Virtu Financial LLC purchased a new stake in Inter & Co, Inc. during the first quarter valued at about $346,000. Finally, Axxcess Wealth Management LLC purchased a new stake in Inter & Co, Inc. during the fourth quarter valued at about $550,000. 22.90% of the stock is owned by hedge funds and other institutional investors.
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.
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