Inter & Co. Inc. (NASDAQ:INTR) Sets 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%.

Shares of Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) reached a new 52-week high on Wednesday . The stock 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 Analyst Weigh In

Separately, UBS Group reaffirmed a "buy" rating and set a $9.20 price target (up previously from $8.10) on shares of Inter & Co. Inc. in a research report on Tuesday, August 12th.

Inter & Co. Inc. Stock Down 1.3%

The stock has a 50 day simple moving average of $7.17 and a 200-day simple moving average of $6.38. 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 firm has a market cap of $3.54 billion, a PE ratio of 17.91, a PEG ratio of 0.40 and a beta of 1.12.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.13 EPS 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 company had revenue of $365.45 million during the quarter, compared to analyst estimates of $2.04 billion. Sell-side analysts predict that Inter & Co. Inc. will post 0.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Inter & Co. Inc.

Hedge funds have recently made changes to their positions in the company. WCM Investment Management LLC increased its holdings in shares of Inter & Co. Inc. by 170.5% in the 2nd quarter. WCM Investment Management LLC now owns 8,724,180 shares of the company's stock valued at $64,123,000 after acquiring an additional 5,499,557 shares during the period. Samlyn Capital LLC lifted its position in Inter & Co. Inc. by 23.8% during the 1st quarter. Samlyn Capital LLC now owns 7,591,911 shares of the company's stock worth $41,604,000 after acquiring an additional 1,459,151 shares during the period. Marshall Wace LLP lifted its holdings in shares of Inter & Co. Inc. by 3.8% in the 2nd quarter. Marshall Wace LLP now owns 4,708,880 shares of the company's stock valued at $34,987,000 after buying an additional 171,379 shares during the period. Martin Currie Ltd. acquired a new position in shares of Inter & Co. Inc. in the 2nd quarter valued at about $28,040,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Inter & Co. Inc. by 43.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,927,453 shares of the company's stock valued at $16,042,000 after buying an additional 891,939 shares during the period. 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.