Inter & Co, Inc. (NASDAQ:INTR) Stock Price Down 2.6% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on INTR. Morgan Stanley decreased their price target 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. decreased their target price on shares of Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating for the company in a research note 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $6.78.

Inter & Co, Inc. Stock Up 0.4 %

The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 14.44 and a beta of 1.31. 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 firm’s 50 day simple moving average is $5.31 and its 200-day simple moving average is $5.55.

Inter & Co, Inc. (NASDAQ:INTR) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.11 earnings per share (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%. On average, sell-side analysts anticipate that Inter & Co, Inc. will post 0.48 EPS 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. Stockholders of record on Monday, February 17th were issued a $0.08 dividend. The ex-dividend date was Friday, February 14th. This represents a dividend yield of 0.5%. Inter & Co, Inc.’s dividend payout ratio is currently 20.51%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Citigroup Inc. lifted its holdings in Inter & Co, Inc. by 4,711.6% in the third quarter. Citigroup Inc. now owns 1,061,289 shares of the company’s stock valued at $7,068,000 after acquiring an additional 1,039,232 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of Inter & Co, Inc. in the third quarter valued at about $8,311,000. Geode Capital Management LLC boosted its holdings in Inter & Co, Inc. by 436.9% during the third quarter. Geode Capital Management LLC now owns 1,672,833 shares of the company’s stock worth $11,060,000 after buying an additional 1,361,258 shares in the last quarter. Public Sector Pension Investment Board acquired a new position 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 purchased a new position in Inter & Co, Inc. in the third quarter valued at about $4,874,000. 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.