Inter & Co. Inc. (NASDAQ:INTR) Given Consensus Recommendation of “Hold” by Analysts

Shares of Inter & Co. Inc. (NASDAQ:INTR) have been given a consensus rating of “Hold” by the five brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $9.00.

INTR has been the topic of several analyst reports. Wall Street Zen raised shares of Inter & Co. Inc. from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Inter & Co. Inc. in a research report on Monday, December 29th. Itau BBA Securities downgraded Inter & Co. Inc. from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $11.00 to $10.00 in a research note on Wednesday, November 19th. Finally, UBS Group reissued a “buy” rating and set a $12.00 price objective on shares of Inter & Co. Inc. in a report on Thursday, February 12th.

Hedge Funds Weigh In On Inter & Co. Inc.

Institutional investors have recently modified their holdings of the company. Wasatch Advisors LP lifted its stake in shares of Inter & Co. Inc. by 170.8% in the fourth quarter. Wasatch Advisors LP now owns 15,385,139 shares of the company’s stock worth $130,466,000 after buying an additional 9,704,435 shares during the last quarter. Martin Currie Ltd. acquired a new position in Inter & Co. Inc. in the 2nd quarter valued at $28,040,000. Marshall Wace LLP raised its holdings in Inter & Co. Inc. by 62.7% in the 4th quarter. Marshall Wace LLP now owns 7,734,475 shares of the company’s stock worth $65,588,000 after acquiring an additional 2,981,210 shares during the period. William Blair Investment Management LLC raised its holdings in Inter & Co. Inc. by 60.6% in the 4th quarter. William Blair Investment Management LLC now owns 5,595,196 shares of the company’s stock worth $47,447,000 after acquiring an additional 2,110,861 shares during the period. Finally, SPX Gestao de Recursos Ltda acquired a new position in Inter & Co. Inc. during the 3rd quarter worth $18,930,000. Institutional investors own 22.90% of the company’s stock.

Inter & Co. Inc. Stock Performance

INTR stock opened at $8.58 on Friday. 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 capitalization of $3.77 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 0.37 and a beta of 1.18. Inter & Co. Inc. has a 12 month low of $4.86 and a 12 month high of $10.36. The firm has a 50 day moving average of $8.84 and a two-hundred day moving average of $8.83.

Inter & Co. Inc. (NASDAQ:INTR) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.16 EPS for the quarter, topping the consensus estimate 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 company had revenue of $404.31 million for the quarter, compared to analyst estimates of $441.78 million. As a group, equities analysts anticipate that Inter & Co. Inc. will post 0.48 EPS for the current fiscal year.

Inter & Co. Inc. Increases Dividend

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

Inter & Co. Inc. Company Profile

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.