Inter & Co. Inc. (NASDAQ:INTR) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Inter & Co. Inc. (NASDAQ:INTR) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Several other research firms have also recently weighed in on INTR. Itau BBA Securities cut shares of Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $11.00 to $10.00 in a research note on Wednesday, November 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Inter & Co. Inc. in a research report on Monday, December 29th. Finally, UBS Group reissued a “buy” rating and issued a $12.00 price objective on shares of Inter & Co. Inc. in a research report on Thursday, February 12th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Inter & Co. Inc. currently has an average rating of “Hold” and a consensus target price of $9.00.

Inter & Co. Inc. Stock Performance

Shares of NASDAQ INTR opened at $8.02 on Friday. The stock has a 50 day moving average price of $8.84 and a 200 day moving average price of $8.82. Inter & Co. Inc. has a 52 week low of $4.86 and a 52 week high of $10.36. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.87 and a current ratio of 0.89. The stock has a market capitalization of $3.53 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 0.34 and a beta of 1.18.

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

Inter & Co. Inc. Increases Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, March 5th. Stockholders of record on Sunday, February 22nd were paid 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 presently 20.37%.

Institutional Investors Weigh In On Inter & Co. Inc.

A number of large investors have recently added to or reduced their stakes in INTR. Farther Finance Advisors LLC bought a new position in Inter & Co. Inc. during the third quarter worth $35,000. SBI Securities Co. Ltd. raised its position in shares of Inter & Co. Inc. by 1,281.2% in 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 raised its position in shares of Inter & Co. Inc. by 15,133.3% in 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 acquired a new stake in shares of Inter & Co. Inc. during the 4th quarter worth about $63,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in shares of Inter & Co. Inc. during the 4th quarter worth about $92,000. Institutional investors own 22.90% of the company’s stock.

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.