Inter & Co, Inc. (NASDAQ:INTR – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $6.19, but opened at $6.39. Inter & Co, Inc. shares last traded at $6.47, with a volume of 101,497 shares traded.
Analysts Set New Price Targets
Several equities analysts have recently commented on INTR shares. UBS Group upped their target price on Inter & Co, Inc. from $6.50 to $8.00 and gave the company a “buy” rating in a report on Friday, August 9th. JPMorgan Chase & Co. upgraded Inter & Co, Inc. from a “neutral” rating to an “overweight” rating and raised their target price for the company from $7.50 to $8.50 in a research note on Wednesday, October 9th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $7.56.
Check Out Our Latest Report on Inter & Co, Inc.
Inter & Co, Inc. Stock Up 2.3 %
Inter & Co, Inc. (NASDAQ:INTR – Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. The firm had revenue of $283.71 million for the quarter, compared to analysts’ expectations of $264.62 million. Inter & Co, Inc. had a return on equity of 7.85% and a net margin of 8.85%. As a group, research analysts anticipate that Inter & Co, Inc. will post 0.36 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Inter & Co, Inc.
Several hedge funds and other institutional investors have recently bought and sold shares of INTR. Samlyn Capital LLC grew its stake in shares of Inter & Co, Inc. by 4.1% in the 2nd quarter. Samlyn Capital LLC now owns 4,994,031 shares of the company’s stock worth $30,713,000 after purchasing an additional 196,355 shares during the last quarter. Millennium Management LLC grew its position in Inter & Co, Inc. by 70.7% in the second quarter. Millennium Management LLC now owns 4,512,367 shares of the company’s stock worth $27,751,000 after buying an additional 1,868,527 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Inter & Co, Inc. by 152.9% in the second quarter. Marshall Wace LLP now owns 2,309,503 shares of the company’s stock valued at $14,203,000 after buying an additional 1,396,317 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Inter & Co, Inc. during the 3rd quarter valued at $2,504,000. Finally, Bank of Montreal Can bought a new stake in shares of Inter & Co, Inc. during the 2nd quarter worth $1,954,000. 22.90% of the stock is currently owned by institutional investors.
About Inter & Co, Inc.
Inter & Co, Inc, through its subsidiaries, engages in the banking and spending, investments, insurance brokerage businesses. The company's Banking & Spending segment offers banking products and services, including checking accounts, cards, deposits, loans and advances, and other services.
Further Reading
- Five stocks we like better than Inter & Co, Inc.
- How Investors Can Find the Best Cheap Dividend Stocks
- Astera Labs’ Big Stock Jump: Can the Growth Be Sustained?
- Business Services Stocks Investing
- AMD: The AI Disruptor – Is It Time to Follow Big Tech’s Lead?
- How to Choose Top Rated Stocks
- Analysts Signal Big Upside: Top 3 Stocks to Watch Right Now
Receive News & Ratings for Inter & Co Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inter & Co Inc. and related companies with MarketBeat.com's FREE daily email newsletter.