Inter & Co. Inc. (NASDAQ:INTR – Get Free Report)’s share price fell 6.8% during trading on Friday . The company traded as low as $5.38 and last traded at $5.33. Approximately 4,193,047 shares were traded during mid-day trading, a decline of 7% from the average session volume of 4,527,285 shares. The stock had previously closed at $5.72.
Analysts Set New Price Targets
INTR has been the subject of several research analyst reports. UBS Group reduced their target price on Inter & Co. Inc. from $10.40 to $9.40 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Wall Street Zen cut shares of Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Weiss Ratings lowered shares of Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 10th. The Goldman Sachs Group reduced their price objective on shares of Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating for the company in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Inter & Co. Inc. presently has an average rating of “Moderate Buy” and an average target price of $9.28.
Check Out Our Latest Stock Analysis on INTR
Inter & Co. Inc. Stock Down 7.9%
Inter & Co. Inc. (NASDAQ:INTR – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. Inter & Co. Inc. had a return on equity of 14.94% and a net margin of 11.23%.The firm had revenue of $475.45 million for the quarter, compared to analyst estimates of $513.31 million. As a group, equities analysts forecast that Inter & Co. Inc. will post 0.79 EPS for the current fiscal year.
Institutional Investors Weigh In On Inter & Co. Inc.
A number of large investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd raised its position in shares of Inter & Co. Inc. by 15,133.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,312 shares of the company’s stock valued at $62,000 after buying an additional 7,264 shares during the last quarter. Barclays PLC purchased a new stake in Inter & Co. Inc. during the 4th quarter valued at about $63,000. Fideuram Asset Management Ireland dac purchased a new stake in Inter & Co. Inc. during the 4th quarter valued at about $92,000. State of Wyoming acquired a new stake in Inter & Co. Inc. in the 4th quarter valued at about $122,000. Finally, SG Americas Securities LLC acquired a new stake in Inter & Co. Inc. in the 4th quarter valued at about $123,000. Hedge funds and other institutional investors own 22.90% of the company’s stock.
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. 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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