Inter & Co. Inc. (NASDAQ:INTR – Get Free Report) shares reached a new 52-week low on Monday . The company traded as low as $5.62 and last traded at $5.5830, with a volume of 283858 shares. The stock had previously closed at $5.67.
Analyst Ratings Changes
INTR has been the topic of a number of recent research reports. UBS Group reduced their price objective on shares of Inter & Co. Inc. from $10.40 to $9.40 and set a “buy” rating on the stock in a research note on Wednesday. Wall Street Zen cut shares of Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. JPMorgan Chase & Co. cut their price target on Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Inter & Co. Inc. in a research report on Friday, March 27th. Finally, Citigroup cut Inter & Co. Inc. from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $12.00 to $6.50 in a research note on Monday, May 18th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Inter & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus target price of $9.28.
Check Out Our Latest Research Report on INTR
Inter & Co. Inc. Trading Down 1.7%
Inter & Co. Inc. (NASDAQ:INTR – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. The business had revenue of $437.96 million during the quarter, compared to analysts’ expectations of $495.33 million. Inter & Co. Inc. had a net margin of 12.24% and a return on equity of 14.34%. As a group, analysts forecast that Inter & Co. Inc. will post 0.77 EPS for the current fiscal year.
Institutional Investors Weigh In On Inter & Co. Inc.
A number of hedge funds have recently modified their holdings of INTR. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Inter & Co. Inc. by 15,133.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 7,312 shares of the company’s stock valued at $62,000 after purchasing an additional 7,264 shares in the last quarter. Barclays PLC bought a new stake in Inter & Co. Inc. during the 4th quarter worth approximately $63,000. Fideuram Asset Management Ireland dac bought a new stake in Inter & Co. Inc. during the 4th quarter worth approximately $92,000. State of Wyoming acquired a new stake in Inter & Co. Inc. during the 4th quarter worth approximately $122,000. Finally, SG Americas Securities LLC bought a new position in Inter & Co. Inc. in the fourth quarter valued at approximately $123,000. Institutional investors and hedge funds own 22.90% of the company’s stock.
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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