Inter & Co. Inc. (NASDAQ:INTR) Reaches New 52-Week High - What's Next?

Key Points

• Inter & Co. Inc. (NASDAQ:INTR) reached a new 52-week high of $8.25 during trading, driven by a notable volume of 4,541,426 shares exchanged.
• UBS Group has a "buy" rating on Inter & Co. Inc., raising their price target to $9.20, reflecting positive expectations for the company's stock performance.
• The company's earnings report indicated an earnings per share of $0.13, surpassing analysts' expectations and showcasing a net margin of 12.55%.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $8.25 and last traded at $8.22, with a volume of 4541426 shares traded. The stock had previously closed at $7.76.

Wall Street Analysts Forecast Growth

Separately, UBS Group reiterated a "buy" rating and set a $9.20 price target (up from $8.10) on shares of Inter & Co. Inc. in a research note on Tuesday.

Inter & Co. Inc. Price Performance

The stock's 50 day moving average is $7.10 and its two-hundred day moving average is $6.31. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $3.61 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 0.41 and a beta of 1.12.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.04 billion. As a group, sell-side analysts forecast that Inter & Co. Inc. will post 0.48 earnings per share for the current fiscal year.

Institutional Trading of Inter & Co. Inc.

A number of large investors have recently made changes to their positions in the company. WCM Investment Management LLC increased its stake in shares of Inter & Co. Inc. by 170.5% during the second quarter. WCM Investment Management LLC now owns 8,724,180 shares of the company's stock worth $64,123,000 after buying an additional 5,499,557 shares during the period. Samlyn Capital LLC increased its stake in Inter & Co. Inc. by 23.8% in the first quarter. Samlyn Capital LLC now owns 7,591,911 shares of the company's stock valued at $41,604,000 after purchasing an additional 1,459,151 shares during the last quarter. Martin Currie Ltd. purchased a new position in Inter & Co. Inc. in the second quarter valued at approximately $28,040,000. Goldman Sachs Group Inc. increased its stake in Inter & Co. Inc. by 43.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,927,453 shares of the company's stock valued at $16,042,000 after purchasing an additional 891,939 shares during the last quarter. Finally, Swedbank AB increased its stake in Inter & Co. Inc. by 51.3% in the first quarter. Swedbank AB now owns 2,806,400 shares of the company's stock valued at $15,379,000 after purchasing an additional 952,000 shares during the last quarter. 22.90% of the stock is currently owned by hedge funds and other institutional investors.

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.

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