Inter & Co. Inc. (NASDAQ:INTR) Shares Down 10.9% – Here’s Why

Inter & Co. Inc. (NASDAQ:INTR)’s share price was down 10.9% during mid-day trading on Thursday . The company traded as low as $7.05 and last traded at $6.9840. Approximately 1,249,216 shares traded hands during trading, a decline of 61% from the average daily volume of 3,179,728 shares. The stock had previously closed at $7.84.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on INTR shares. Weiss Ratings restated a “hold (c+)” rating on shares of Inter & Co. Inc. in a research note on Friday, March 27th. UBS Group reiterated a “buy” rating and issued a $12.00 price objective on shares of Inter & Co. Inc. in a research note on Thursday, February 12th. Finally, Wall Street Zen lowered shares of Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $10.67.

Inter & Co. Inc. Stock Performance

The company has a debt-to-equity ratio of 0.08, a current ratio of 0.89 and a quick ratio of 0.87. The company has a market capitalization of $2.95 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 0.32 and a beta of 1.02. The firm’s fifty day simple moving average is $8.17 and its 200 day simple moving average is $8.63.

Inter & Co. Inc. (NASDAQ:INTR) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. Inter & Co. Inc. had a net margin of 12.01% and a return on equity of 13.54%. The company had revenue of $437.96 million for the quarter, compared to analyst estimates of $495.33 million. On average, research analysts predict that Inter & Co. Inc. will post 0.76 EPS for the current year.

Inter & Co. Inc. Increases Dividend

The firm also recently declared an annual dividend, which was paid on Thursday, March 5th. Shareholders of record on Sunday, February 22nd were issued a $0.1131 dividend. The ex-dividend date of this dividend was Friday, February 20th. This is a positive change from Inter & Co. Inc.’s previous annual dividend of $0.08. This represents a yield of 122.0%. Inter & Co. Inc.’s dividend payout ratio is currently 20.37%.

Institutional Trading of Inter & Co. Inc.

A number of hedge funds have recently added to or reduced their stakes in INTR. Wasatch Advisors LP boosted its holdings in Inter & Co. Inc. by 170.8% during the fourth quarter. Wasatch Advisors LP now owns 15,385,139 shares of the company’s stock worth $130,466,000 after buying an additional 9,704,435 shares in the last quarter. SPX Gestao de Recursos Ltda boosted its holdings in Inter & Co. Inc. by 1,059.2% during the first quarter. SPX Gestao de Recursos Ltda now owns 4,023,802 shares of the company’s stock worth $32,029,000 after buying an additional 3,676,696 shares in the last quarter. Marshall Wace LLP boosted its holdings in Inter & Co. Inc. by 62.7% during the fourth quarter. Marshall Wace LLP now owns 7,734,475 shares of the company’s stock worth $65,588,000 after buying an additional 2,981,210 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in Inter & Co. Inc. by 60.6% during the fourth quarter. William Blair Investment Management LLC now owns 5,595,196 shares of the company’s stock worth $47,447,000 after buying an additional 2,110,861 shares in the last quarter. Finally, WCM Investment Management LLC boosted its holdings in Inter & Co. Inc. by 21.3% during the third quarter. WCM Investment Management LLC now owns 10,586,349 shares of the company’s stock worth $98,135,000 after buying an additional 1,862,169 shares in the last quarter. 22.90% of the stock is owned by hedge funds and other institutional investors.

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.