Inter & Co. Inc. (NASDAQ:INTR) Issues Quarterly Earnings Results

Inter & Co. Inc. (NASDAQ:INTR) announced its quarterly earnings data on Wednesday. The company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18, FiscalAI reports. The firm had revenue of $475.45 million during the quarter, compared to analysts’ expectations of $513.31 million. Inter & Co. Inc. had a return on equity of 14.34% and a net margin of 12.24%.

Inter & Co. Inc. Stock Up 0.2%

Inter & Co. Inc. stock traded up $0.01 during trading on Wednesday, hitting $5.71. 8,556,512 shares of the company were exchanged, compared to its average volume of 4,508,534. The company has a market capitalization of $2.52 billion, a P/E ratio of 9.52, a PEG ratio of 0.23 and a beta of 0.95. The business’s 50 day moving average is $5.63 and its 200 day moving average is $7.25. Inter & Co. Inc. has a 52 week low of $5.16 and a 52 week high of $10.36. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.07.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on INTR. The Goldman Sachs Group cut their target price on Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating on the stock in a report on Friday, May 8th. JPMorgan Chase & Co. decreased their price target on shares of Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating for the company in a research note on Tuesday, May 12th. UBS Group dropped 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, June 3rd. Weiss Ratings cut shares of Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 10th. Finally, Citigroup downgraded shares of Inter & Co. Inc. from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $12.00 to $6.50 in a research report on Monday, May 18th. Three 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.com, Inter & Co. Inc. has a consensus rating of “Moderate Buy” and an average target price of $9.28.

Hedge Funds Weigh In On Inter & Co. Inc.

A number of hedge funds have recently bought and sold shares of the company. XTX Topco Ltd raised its holdings in shares of Inter & Co. Inc. by 40.7% in the fourth quarter. XTX Topco Ltd now owns 169,965 shares of the company’s stock valued at $1,441,000 after purchasing an additional 49,145 shares during the last quarter. Voloridge Investment Management LLC grew its position in Inter & Co. Inc. by 36.6% in the 4th quarter. Voloridge Investment Management LLC now owns 897,707 shares of the company’s stock worth $7,613,000 after purchasing an additional 240,693 shares in the last quarter. Squadra Investments Gestao DE Recursos LTDA. increased its stake in Inter & Co. Inc. by 6.0% in the 4th quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 6,253,452 shares of the company’s stock valued at $53,029,000 after buying an additional 356,671 shares during the last quarter. Millennium Management LLC increased its stake in Inter & Co. Inc. by 25.1% in the 4th quarter. Millennium Management LLC now owns 1,741,713 shares of the company’s stock valued at $14,770,000 after buying an additional 349,091 shares during the last quarter. Finally, Inspire Investing LLC bought a new position in shares of Inter & Co. Inc. during the 4th quarter worth approximately $1,316,000. 22.90% of the stock is owned by hedge funds and other institutional investors.

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.