Inter & Co, Inc. (NASDAQ:INTR) Stock Price Down 2.6% - Should You Sell?

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Inter & Co, Inc. from $7.20 to $7.10 and set an "overweight" rating for the company in a report on Friday, January 24th. Morgan Stanley reduced their price target on shares of Inter & Co, Inc. from $4.50 to $4.00 and set an "underweight" rating on the stock in a research report on Monday, March 17th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $6.78.

Inter & Co, Inc. Stock Performance

The company has a market cap of $2.48 billion, a P/E ratio of 14.65 and a beta of 1.31. The business has a 50 day moving average price of $5.35 and a two-hundred day moving average price of $5.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.85.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates 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 year.

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Inter & Co, Inc. Dividend Announcement

The company also recently declared 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 yield of 0.5%. The ex-dividend date was Friday, February 14th. Inter & Co, Inc.'s dividend payout ratio (DPR) is presently 20.51%.

Institutional Trading of Inter & Co, Inc.

A number of institutional investors have recently modified their holdings of the company. US Bancorp DE raised its position in Inter & Co, Inc. by 6,054.6% during the 4th quarter. US Bancorp DE now owns 5,970 shares of the company's stock valued at $25,000 after purchasing an additional 5,873 shares during the last quarter. Savant Capital LLC purchased a new position in shares of Inter & Co, Inc. during the fourth quarter valued at approximately $42,000. Skandinaviska Enskilda Banken AB publ lifted its stake in Inter & Co, Inc. by 78.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company's stock worth $52,000 after acquiring an additional 5,500 shares during the period. D. E. Shaw & Co. Inc. purchased a new stake in Inter & Co, Inc. in the fourth quarter worth $60,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Inter & Co, Inc. by 17.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company's stock valued at $68,000 after acquiring an additional 2,399 shares in the last quarter. 22.90% of the stock is currently owned by hedge funds and other 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.