Inter & Co, Inc. Plans -- Dividend of $0.03 (NASDAQ:INTR)

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) announced a -- dividend on Friday, April 5th, Zacks reports. Stockholders of record on Tuesday, April 16th will be paid a dividend of 0.03 per share on Tuesday, April 23rd. The ex-dividend date is Monday, April 15th.

Inter & Co, Inc. Stock Down 3.1 %

Shares of Inter & Co, Inc. stock traded down $0.18 during trading on Thursday, hitting $5.59. 760,857 shares of the stock traded hands, compared to its average volume of 1,378,829. The stock has a market cap of $2.43 billion, a P/E ratio of 37.27 and a beta of 1.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.92 and a current ratio of 0.91. Inter & Co, Inc. has a twelve month low of $1.51 and a twelve month high of $6.44. The company has a fifty day moving average price of $5.72 and a two-hundred day moving average price of $5.17.

Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. The business had revenue of $265.06 million during the quarter, compared to analyst estimates of $269.81 million. Inter & Co, Inc. had a return on equity of 4.16% and a net margin of 5.01%. Equities research analysts predict that Inter & Co, Inc. will post 0.37 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Citigroup lowered Inter & Co, Inc. from a "buy" rating to a "neutral" rating and cut their price target for the stock from $6.30 to $6.00 in a report on Friday, February 16th. The Goldman Sachs Group upped their price target on Inter & Co, Inc. from $5.80 to $6.50 and gave the stock a "buy" rating in a report on Friday, February 9th.

Institutional Trading of Inter & Co, Inc.

A number of institutional investors and hedge funds have recently modified their holdings of the company. Occudo Quantitative Strategies LP bought a new stake in shares of Inter & Co, Inc. during the fourth quarter valued at approximately $220,000. Prelude Capital Management LLC bought a new stake in shares of Inter & Co, Inc. during the fourth quarter valued at approximately $181,000. Freedom Investment Management Inc. increased its position in shares of Inter & Co, Inc. by 775.9% during the fourth quarter. Freedom Investment Management Inc. now owns 146,560 shares of the company's stock valued at $815,000 after purchasing an additional 129,827 shares during the period. Verition Fund Management LLC bought a new stake in shares of Inter & Co, Inc. during the fourth quarter valued at approximately $90,000. Finally, Quadrature Capital Ltd increased its position in shares of Inter & Co, Inc. by 496.8% during the fourth quarter. Quadrature Capital Ltd now owns 69,518 shares of the company's stock valued at $387,000 after purchasing an additional 57,870 shares during the period. 22.90% of the stock is currently owned by institutional investors.

About Inter & Co, Inc.

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.