Analysts Set Inter & Co. Inc. (NASDAQ:INTR) Price Target at $9.00

Shares of Inter & Co. Inc. (NASDAQ:INTR) have earned a consensus rating of “Hold” from the five research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $9.00.

A number of research analysts have weighed in on the stock. Itau BBA Securities cut shares of Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $11.00 to $10.00 in a research report on Wednesday, November 19th. UBS Group reaffirmed a “buy” rating and set a $12.00 price target on shares of Inter & Co. Inc. in a research note on Thursday, February 12th. Wall Street Zen upgraded shares of Inter & Co. Inc. from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Inter & Co. Inc. in a research note on Monday, December 29th.

Hedge Funds Weigh In On Inter & Co. Inc.

Hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC purchased a new stake in Inter & Co. Inc. in the third quarter worth $35,000. SBI Securities Co. Ltd. boosted its stake in shares of Inter & Co. Inc. by 1,281.2% during the second 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 during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of Inter & Co. Inc. by 15,133.3% during the fourth 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 during the period. Barclays PLC bought a new position in shares of Inter & Co. Inc. in the fourth quarter worth about $63,000. Finally, Fideuram Asset Management Ireland dac bought a new position in shares of Inter & Co. Inc. in the fourth quarter worth about $92,000. Institutional investors own 22.90% of the company’s stock.

Inter & Co. Inc. Price Performance

NASDAQ:INTR opened at $8.23 on Friday. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 0.34 and a beta of 1.18. 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 business has a 50 day simple moving average of $8.83 and a 200-day simple moving average of $8.83. Inter & Co. Inc. has a 1 year low of $4.86 and a 1 year high of $10.36.

Inter & Co. Inc. (NASDAQ:INTR) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. The company had revenue of $404.31 million for the quarter, compared to analyst estimates of $441.78 million. Inter & Co. Inc. had a return on equity of 13.54% and a net margin of 12.01%. Equities analysts forecast that Inter & Co. Inc. will post 0.48 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. Stockholders of record on Sunday, February 22nd were issued a $0.1131 dividend. The ex-dividend date was Friday, February 20th. This is a positive change from Inter & Co. Inc.’s previous annual dividend of $0.08. This represents a dividend yield of 122.0%. Inter & Co. Inc.’s dividend payout ratio (DPR) is currently 20.37%.

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.