Inter & Co. Inc. (NASDAQ:INTR) Posts Earnings Results, Meets Estimates

Inter & Co. Inc. (NASDAQ:INTR) posted its quarterly earnings results on Wednesday. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18, FiscalAI reports. The company had revenue of $475.45 million during the quarter, compared to analyst estimates of $513.31 million. Inter & Co. Inc. had a net margin of 12.24% and a return on equity of 14.34%.

Inter & Co. Inc. Price Performance

Shares of NASDAQ INTR traded up $0.01 during trading hours on Wednesday, reaching $5.71. 8,556,512 shares of the stock traded hands, compared to its average volume of 3,949,425. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.07. Inter & Co. Inc. has a 52-week low of $5.16 and a 52-week high of $10.36. The company’s 50-day simple moving average is $5.62 and its two-hundred day simple moving average is $7.23. The company has a market capitalization of $2.52 billion, a P/E ratio of 9.50, a price-to-earnings-growth ratio of 0.23 and a beta of 0.95.

Institutional Trading of Inter & Co. Inc.

A number of hedge funds have recently bought and sold shares of INTR. Wasatch Advisors LP lifted its stake in shares of Inter & Co. Inc. by 170.8% during the 4th quarter. Wasatch Advisors LP now owns 15,385,139 shares of the company’s stock valued at $130,466,000 after buying an additional 9,704,435 shares in the last quarter. Marshall Wace LLP grew its holdings in Inter & Co. Inc. by 62.7% during the 4th quarter. Marshall Wace LLP now owns 7,734,475 shares of the company’s stock valued at $65,588,000 after buying an additional 2,981,210 shares in the last quarter. Sei Investments Co. boosted its position in shares of Inter & Co. Inc. by 10,681.6% during the second quarter. Sei Investments Co. now owns 1,683,012 shares of the company’s stock worth $12,505,000 after acquiring an additional 1,667,402 shares during the last quarter. Sharp Capital Gestora de Recursos Ltda. raised its stake in Inter & Co. Inc. by 76.7% during the fourth quarter. Sharp Capital Gestora de Recursos Ltda. now owns 3,482,121 shares of the company’s stock valued at $29,528,000 after purchasing an additional 1,511,295 shares in the last quarter. Finally, Samlyn Capital LLC raised its position in Inter & Co. Inc. by 19.9% during the third quarter. Samlyn Capital LLC now owns 8,515,741 shares of the company’s stock valued at $78,600,000 after purchasing an additional 1,415,601 shares during the period. Hedge funds and other institutional investors own 22.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on INTR. The Goldman Sachs Group reduced their price target on 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. Citigroup cut Inter & Co. Inc. from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $12.00 to $6.50 in a report on Monday, May 18th. Wall Street Zen downgraded Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. 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 report on Wednesday, June 3rd. Finally, Weiss Ratings cut Inter & Co. Inc. from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 10th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $9.28.

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.