Inter & Co. Inc. (NASDAQ:INTR) Receives $9.00 Average Price Target from Analysts

Shares of Inter & Co. Inc. (NASDAQ:INTR) have been assigned a consensus recommendation of “Hold” from the five research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $9.00.

Several analysts recently issued reports on INTR shares. Wall Street Zen upgraded shares of Inter & Co. Inc. from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. UBS Group restated a “buy” rating and set a $12.00 target price on shares of Inter & Co. Inc. in a research note on Thursday, February 12th. Itau BBA Securities downgraded Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $11.00 to $10.00 in a report on Wednesday, November 19th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Inter & Co. Inc. in a research note on Monday, December 29th.

Inter & Co. Inc. Stock Down 3.5%

INTR stock opened at $7.80 on Friday. Inter & Co. Inc. has a 52 week low of $4.86 and a 52 week high of $10.36. The business has a 50-day simple moving average of $8.82 and a 200 day simple moving average of $8.82. The company has a quick ratio of 0.87, a current ratio of 0.89 and a debt-to-equity ratio of 0.08. The company has a market cap of $3.43 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 0.35 and a beta of 1.18.

Inter & Co. Inc. (NASDAQ:INTR) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Inter & Co. Inc. had a net margin of 12.01% and a return on equity of 13.54%. The firm had revenue of $404.31 million for the quarter, compared to the consensus estimate of $441.78 million. Sell-side analysts anticipate that Inter & Co. Inc. will post 0.48 EPS for the current fiscal year.

Inter & Co. Inc. Increases Dividend

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

Institutional Trading of Inter & Co. Inc.

Large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC acquired a new position in Inter & Co. Inc. during the third quarter worth about $35,000. SBI Securities Co. Ltd. boosted its stake in shares of Inter & Co. Inc. by 1,281.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 5,649 shares of the company’s stock valued at $42,000 after purchasing an additional 5,240 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Inter & Co. Inc. by 15,133.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 7,312 shares of the company’s stock valued at $62,000 after purchasing an additional 7,264 shares in the last quarter. Barclays PLC bought a new stake in shares of Inter & Co. Inc. during the 4th quarter valued at approximately $63,000. Finally, Fideuram Asset Management Ireland dac bought a new stake in shares of Inter & Co. Inc. during the 4th quarter valued at approximately $92,000. 22.90% of the stock is owned by institutional investors and hedge funds.

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.