Inter & Co, Inc. (NASDAQ:INTR) Stock Price Down 2.6% – Time to Sell?

Inter & Co, Inc. (NASDAQ:INTR)’s stock price traded down 2.6% on Monday . The company traded as low as $5.63 and last traded at $5.63. 116,142 shares were traded during mid-day trading, a decline of 93% from the average session volume of 1,762,116 shares. The stock had previously closed at $5.78.

Analysts Set New Price Targets

INTR has been the topic of several research reports. Morgan Stanley reduced their price target on shares of Inter & Co, Inc. from $4.50 to $4.00 and set an “underweight” rating on the stock in a research report on Monday, March 17th. JPMorgan Chase & Co. reduced their target price on shares of Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating on the stock in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Inter & Co, Inc. currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.78.

Inter & Co, Inc. Stock Down 2.8 %

The firm’s 50-day simple moving average is $5.25 and its 200 day simple moving average is $5.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.85. The company has a market cap of $2.44 billion, a P/E ratio of 14.41 and a beta of 1.31.

Inter & Co, Inc. (NASDAQ:INTR) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Inter & Co, Inc. had a return on equity of 10.06% and a net margin of 11.74%. On average, research analysts forecast that Inter & Co, Inc. will post 0.48 earnings per share for the current fiscal year.

Inter & Co, Inc. Dividend Announcement

The company also recently declared an annual dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 17th were issued a $0.08 dividend. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, February 14th. Inter & Co, Inc.’s dividend payout ratio (DPR) is 20.51%.

Institutional Trading of Inter & Co, Inc.

Hedge funds have recently added to or reduced their stakes in the business. Lansforsakringar Fondforvaltning AB publ acquired a new position in Inter & Co, Inc. in the fourth quarter valued at about $190,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Inter & Co, Inc. by 37.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,009,090 shares of the company’s stock valued at $4,258,000 after purchasing an additional 277,329 shares during the period. Voloridge Investment Management LLC bought a new stake in Inter & Co, Inc. during the 4th quarter worth approximately $377,000. Two Sigma Advisers LP acquired a new stake in Inter & Co, Inc. during the 4th quarter worth approximately $93,000. Finally, Two Sigma Investments LP lifted its stake in Inter & Co, Inc. by 14.9% in the fourth quarter. Two Sigma Investments LP now owns 472,799 shares of the company’s stock valued at $1,995,000 after buying an additional 61,291 shares in the last quarter. 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.