Inter & Co, Inc. (INTR) To Go Ex-Dividend on April 15th

Inter & Co, Inc. (NASDAQ:INTR) declared a — dividend on Friday, April 5th, Zacks reports. Investors of record on Tuesday, April 16th will be paid a dividend of 0.03 per share on Tuesday, April 23rd. The ex-dividend date is Monday, April 15th.

Inter & Co, Inc. Price Performance

Shares of NASDAQ INTR opened at $5.38 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average price is $5.72 and its 200 day moving average price is $5.17. Inter & Co, Inc. has a 52 week low of $1.51 and a 52 week high of $6.44. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 35.87 and a beta of 1.37.

Inter & Co, Inc. (NASDAQ:INTR) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07. Inter & Co, Inc. had a net margin of 5.01% and a return on equity of 4.16%. The business had revenue of $265.06 million during the quarter, compared to analysts’ expectations of $269.81 million. As a group, research analysts forecast that Inter & Co, Inc. will post 0.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on INTR shares. The Goldman Sachs Group lifted their price objective on Inter & Co, Inc. from $5.80 to $6.50 and gave the stock a “buy” rating in a research report on Friday, February 9th. Citigroup lowered shares of Inter & Co, Inc. from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $6.30 to $6.00 in a research report on Friday, February 16th.

Hedge Funds Weigh In On Inter & Co, Inc.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Inter & Co, Inc. during the 3rd quarter worth $9,986,000. Morgan Stanley lifted its stake in shares of Inter & Co, Inc. by 396.3% in the 4th quarter. Morgan Stanley now owns 2,384,220 shares of the company’s stock valued at $5,651,000 after purchasing an additional 1,903,796 shares in the last quarter. Millennium Management LLC increased its position in Inter & Co, Inc. by 20.0% during the 4th quarter. Millennium Management LLC now owns 1,347,382 shares of the company’s stock worth $3,193,000 after purchasing an additional 224,123 shares in the last quarter. Jane Street Group LLC raised its holdings in Inter & Co, Inc. by 289.1% in the fourth quarter. Jane Street Group LLC now owns 290,269 shares of the company’s stock valued at $607,000 after buying an additional 215,675 shares during the period. Finally, Freedom Investment Management Inc. grew its stake in Inter & Co, Inc. by 775.9% during the fourth quarter. Freedom Investment Management Inc. now owns 146,560 shares of the company’s stock worth $815,000 after buying an additional 129,827 shares during the period. Institutional investors and hedge funds own 22.90% of the company’s stock.

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.