Inter & Co. Inc. (NASDAQ:INTR) Shares Down 10.9% - Here's Why

Key Points

• Shares dropped 10.9% to about $6.98 on Thursday, trading on lower-than-average volume after closing at $7.84 the prior session.
• The company reported quarterly EPS of $0.17 that met estimates but revenue of $437.96M missed analysts' $495.33M forecast, a likely catalyst for the decline.
• Analysts are split (two Buy, two Hold) with a consensus rating of "Moderate Buy" and a consensus target price of $10.67 (UBS target $12), implying notable upside from current levels.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report)'s share price traded down 10.9% on Thursday . The stock traded as low as $7.05 and last traded at $6.9840. 1,249,216 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 3,179,728 shares. The stock had previously closed at $7.84.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. UBS Group reaffirmed a "buy" rating and issued a $12.00 target price on shares of Inter & Co. Inc. in a report on Thursday, February 12th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Inter & Co. Inc. in a research note on Friday, March 27th. Finally, Wall Street Zen lowered Inter & Co. Inc. from a "buy" rating to a "hold" rating in a research report on Saturday, March 28th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Inter & Co. Inc. presently has a consensus rating of "Moderate Buy" and a consensus target price of $10.67.

Inter & Co. Inc. Stock Performance

The company has a debt-to-equity ratio of 0.08, a current ratio of 0.89 and a quick ratio of 0.87. The stock has a market capitalization of $2.95 billion, a PE ratio of 12.41, a P/E/G ratio of 0.32 and a beta of 1.02. The firm has a fifty day moving average price of $8.17 and a two-hundred day moving average price of $8.63.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.17. Inter & Co. Inc. had a return on equity of 13.54% and a net margin of 12.01%.The firm had revenue of $437.96 million during the quarter, compared to analyst estimates of $495.33 million. Research analysts expect that Inter & Co. Inc. will post 0.76 EPS for the current year.

Inter & Co. Inc. Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Thursday, March 5th. Shareholders of record on Sunday, February 22nd were issued a dividend of $0.1131 per share. This represents a yield of 122.0%. The ex-dividend date was Friday, February 20th. This is an increase from Inter & Co. Inc.'s previous annual dividend of $0.08. Inter & Co. Inc.'s dividend payout ratio (DPR) is 20.37%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in Inter & Co. Inc. by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 444,505 shares of the company's stock worth $3,303,000 after purchasing an additional 1,303 shares during the period. Farther Finance Advisors LLC purchased a new stake in shares of Inter & Co. Inc. during the third quarter valued at about $35,000. Creative Planning boosted its stake in Inter & Co. Inc. by 10.9% in the second quarter. Creative Planning now owns 43,704 shares of the company's stock valued at $325,000 after acquiring an additional 4,312 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Inter & Co. Inc. by 15,133.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 7,312 shares of the company's stock worth $62,000 after purchasing an additional 7,264 shares in the last quarter. Finally, Barclays PLC purchased a new stake in Inter & Co. Inc. in the fourth quarter valued at about $63,000. 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. The Securities segment is involved in the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market, and the provision of administration services to investment funds.

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