Inter & Co. Inc. (NASDAQ:INTR) Sets New 1-Year High - Here's What Happened

Key Points

• Inter & Co. Inc. (NASDAQ:INTR) reached a new 52-week high of $9.10 during trading, with a last traded price of $9.14.
• UBS Group has restated a buy rating on Inter & Co. Inc. and increased its price target to $9.20, up from $8.10.
• The company reported $0.13 earnings per share for the last quarter, exceeding the consensus estimate of $0.12, with a revenue of $365.45 million.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $9.10 and last traded at $9.14, with a volume of 635828 shares trading hands. The stock had previously closed at $8.95.

Wall Street Analysts Forecast Growth

Separately, UBS Group reiterated a "buy" rating and issued a $9.20 target price (up previously from $8.10) on shares of Inter & Co. Inc. in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $6.77.

Inter & Co. Inc. Price Performance

The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 19.53, a P/E/G ratio of 0.43 and a beta of 1.13. The stock has a fifty day moving average of $7.83 and a 200 day moving average of $6.92. 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. (NASDAQ:INTR - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. Inter & Co. Inc. had a return on equity of 11.85% and a net margin of 12.55%.The business had revenue of $365.45 million during the quarter, compared to the consensus estimate of $2.04 billion. On average, analysts expect that Inter & Co. Inc. will post 0.48 EPS for the current fiscal year.

Institutional Trading of Inter & Co. Inc.

Large investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. grew its holdings in Inter & Co. Inc. by 1,281.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 5,649 shares of the company's stock valued at $42,000 after buying an additional 5,240 shares in the last quarter. Summit Securities Group LLC grew its holdings in Inter & Co. Inc. by 1,375.1% in the 1st quarter. Summit Securities Group LLC now owns 9,072 shares of the company's stock valued at $50,000 after buying an additional 8,457 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new stake in Inter & Co. Inc. in the 4th quarter valued at $60,000. Two Sigma Advisers LP purchased a new position in shares of Inter & Co. Inc. during the 4th quarter worth $93,000. Finally, Scotia Capital Inc. purchased a new position in shares of Inter & Co. Inc. during the 2nd quarter worth $99,000. 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.