Inter & Co. Inc. (NASDAQ:INTR) Reaches New 12-Month High Following Better-Than-Expected Earnings

Key Points

• Inter & Co. Inc. shares reached a new 52-week high of $7.88 after reporting earnings that surpassed expectations, achieving $0.13 EPS compared to a consensus estimate of $0.12.
• The company's revenue for the quarter was $365.45 million, significantly lower than analyst estimates of $2.04 billion, with a return on equity of 10.88%.
• Institutional investors have been actively trading shares, with WCM Investment Management increasing its stake in the company by 170.5% recently.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) hit a new 52-week high on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $7.88 and last traded at $7.77, with a volume of 895133 shares trading hands. The stock had previously closed at $7.46.

The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. Inter & Co. Inc. had a net margin of 12.55% and a return on equity of 11.85%. The firm had revenue of $365.45 million during the quarter, compared to analyst estimates of $2.04 billion.

Institutional Trading of Inter & Co. Inc.

Institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its stake in Inter & Co. Inc. by 93.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 30,995 shares of the company's stock valued at $170,000 after purchasing an additional 14,971 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Inter & Co. Inc. by 198.7% during the fourth quarter. Northern Trust Corp now owns 1,316,206 shares of the company's stock valued at $5,554,000 after acquiring an additional 875,546 shares during the period. Mariner LLC acquired a new stake in Inter & Co. Inc. in the fourth quarter worth about $211,000. Two Sigma Investments LP lifted its holdings in Inter & Co. Inc. by 14.9% in the fourth quarter. Two Sigma Investments LP now owns 472,799 shares of the company's stock worth $1,995,000 after purchasing an additional 61,291 shares during the period. Finally, Teacher Retirement System of Texas lifted its holdings in Inter & Co. Inc. by 42.0% in the first quarter. Teacher Retirement System of Texas now owns 36,581 shares of the company's stock worth $200,000 after purchasing an additional 10,827 shares during the period. Institutional investors own 22.90% of the company's stock.

Inter & Co. Inc. Stock Down 0.3%

The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 17.24, a P/E/G ratio of 0.41 and a beta of 1.12. The firm's fifty day moving average is $7.06 and its two-hundred day moving average is $6.28. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.89 and a quick ratio of 0.89.

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.