Inter & Co, Inc. (NASDAQ:INTR - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $6.48 and last traded at $6.46, with a volume of 220836 shares traded. The stock had previously closed at $6.30.
Analysts Set New Price Targets
INTR has been the subject of several research analyst reports. Citigroup lowered shares of Inter & Co, Inc. from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $6.30 to $6.00 in a research note on Friday, February 16th. The Goldman Sachs Group upped their price objective on shares of Inter & Co, Inc. from $5.80 to $6.50 and gave the company a "buy" rating in a report on Friday, February 9th.
Check Out Our Latest Stock Report on INTR
Inter & Co, Inc. Price Performance
The business has a 50-day moving average price of $5.64 and a two-hundred day moving average price of $5.38. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 27.91 and a beta of 1.47.
Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. Inter & Co, Inc. had a net margin of 7.38% and a return on equity of 6.16%. The business had revenue of $332.84 million during the quarter. During the same quarter last year, the firm posted $0.01 EPS. As a group, research analysts anticipate that Inter & Co, Inc. will post 0.38 EPS for the current year.
Inter & Co, Inc. Dividend Announcement
The firm also recently declared a -- dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 16th were given a $0.03 dividend. The ex-dividend date was Monday, April 15th. Inter & Co, Inc.'s payout ratio is 13.04%.
Institutional Trading of Inter & Co, Inc.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Jump Financial LLC purchased a new stake in Inter & Co, Inc. in the 3rd quarter valued at $42,000. Quadrature Capital Ltd bought a new position in shares of Inter & Co, Inc. during the third quarter valued at about $47,000. Bayesian Capital Management LP purchased a new position in Inter & Co, Inc. during the first quarter worth about $180,000. Axxcess Wealth Management LLC bought a new stake in Inter & Co, Inc. in the 4th quarter worth about $550,000. Finally, SPX Gestao de Recursos Ltda increased its stake in Inter & Co, Inc. by 171.0% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 362,162 shares of the company's stock valued at $2,014,000 after buying an additional 228,528 shares during the last quarter. 22.90% of the stock is owned by hedge funds and other institutional investors.
About Inter & Co, Inc.
(
Get Free Report)
Inter & Co, Inc, through its subsidiaries, engages in the banking and spending, investments, insurance brokerage businesses. The company's Banking & Spending segment offers banking products and services, including checking accounts, cards, deposits, loans and advances, and other services.
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