Inter & Co, Inc. (NASDAQ:INTR) Shares Gap Down to $5.97

Inter & Co, Inc. (NASDAQ:INTR)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $5.97, but opened at $5.85. Inter & Co, Inc. shares last traded at $5.90, with a volume of 61,305 shares.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Itau BBA Securities upgraded Inter & Co, Inc. from a “market perform” rating to an “outperform” rating and set a $8.00 price objective for the company in a research report on Tuesday, May 21st. Citigroup initiated coverage on shares of Inter & Co, Inc. in a report on Tuesday, June 25th. They set a “buy” rating and a $6.80 price target for the company.

Inter & Co, Inc. Trading Up 2.4 %

The firm has a market capitalization of $2.60 billion, a PE ratio of 26.00 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.90 and a quick ratio of 0.90. The company has a fifty day moving average of $5.89 and a 200-day moving average of $5.62.

Inter & Co, Inc. (NASDAQ:INTR) last issued its earnings results on Thursday, May 9th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. The company had revenue of $332.84 million for the quarter. Inter & Co, Inc. had a return on equity of 6.16% and a net margin of 7.38%. During the same period in the previous year, the company earned $0.01 earnings per share. On average, sell-side analysts anticipate that Inter & Co, Inc. will post 0.38 earnings per share for the current fiscal year.

Inter & Co, Inc. Dividend Announcement

The firm also recently disclosed a — dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 16th were given a dividend of $0.03 per share. The ex-dividend date was Monday, April 15th. Inter & Co, Inc.’s payout ratio is presently 13.04%.

Institutional Trading of Inter & Co, Inc.

A number of institutional investors have recently added to or reduced their stakes in INTR. Quadrature Capital Ltd acquired a new position in shares of Inter & Co, Inc. during the 3rd quarter worth $47,000. Jump Financial LLC boosted its holdings in Inter & Co, Inc. by 301.9% in the fourth quarter. Jump Financial LLC now owns 41,800 shares of the company’s stock worth $232,000 after purchasing an additional 31,400 shares in the last quarter. Bayesian Capital Management LP acquired a new position in Inter & Co, Inc. during the first quarter worth $180,000. Virtu Financial LLC acquired a new position in Inter & Co, Inc. during the first quarter worth $346,000. Finally, Axxcess Wealth Management LLC bought a new position in Inter & Co, Inc. during the fourth quarter valued at about $550,000. 22.90% of the stock is currently owned by institutional investors and hedge funds.

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.