Inter & Co, Inc. (NASDAQ:INTR) Trading Up 3.8% - Here's Why

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

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Morgan Stanley dropped their price target on Inter & Co, Inc. from $4.50 to $4.00 and set an "underweight" rating for the company in a report on Monday, March 17th. JPMorgan Chase & Co. decreased their price target on shares of Inter & Co, Inc. from $7.20 to $7.10 and set an "overweight" rating on the stock in a research note on Friday, January 24th. One equities 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.com, Inter & Co, Inc. presently has a consensus rating of "Moderate Buy" and a consensus target price of $6.78.

Inter & Co, Inc. Trading Down 1.7 %

The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 14.49 and a beta of 1.31. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.85. The firm has a fifty day moving average price of $5.37 and a 200-day moving average price of $5.54.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.11 EPS for the quarter, beating the consensus estimate 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 analysts anticipate that Inter & Co, Inc. will post 0.48 EPS for the current year.

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Inter & Co, Inc. Announces Dividend

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

Hedge Funds Weigh In On Inter & Co, Inc.

A number of institutional investors have recently modified their holdings of the business. US Bancorp DE grew its position in Inter & Co, Inc. by 6,054.6% in the fourth quarter. US Bancorp DE now owns 5,970 shares of the company's stock valued at $25,000 after acquiring an additional 5,873 shares during the last quarter. Savant Capital LLC bought a new stake in shares of Inter & Co, Inc. during the 4th quarter valued at approximately $42,000. Skandinaviska Enskilda Banken AB publ increased its position in Inter & Co, Inc. by 78.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company's stock worth $52,000 after purchasing an additional 5,500 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new position in Inter & Co, Inc. in the 4th quarter valued at approximately $60,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Inter & Co, Inc. by 17.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company's stock valued at $68,000 after purchasing an additional 2,399 shares during the last quarter. 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.