Inter & Co. Inc. (NASDAQ:INTR) Upgraded 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 report released on Saturday.

Several other equities research analysts have also recently issued reports on INTR. 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 stock from $11.00 to $10.00 in a research report on Wednesday, November 19th. UBS Group reiterated a “buy” rating and issued a $12.00 target price on shares of Inter & Co. Inc. in a report on Thursday, February 12th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Inter & Co. Inc. in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9.00.

Inter & Co. Inc. Stock Up 2.6%

Shares of NASDAQ:INTR opened at $8.23 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 business has a fifty day moving average of $8.83 and a two-hundred day moving average of $8.83. The stock has a market cap of $3.62 billion, a P/E ratio of 15.24, a PEG ratio of 0.34 and a beta of 1.18. Inter & Co. Inc. has a 52-week low of $4.86 and a 52-week high of $10.36.

Inter & Co. Inc. (NASDAQ:INTR) last issued its earnings results 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. The business had revenue of $404.31 million during the quarter, compared to the consensus estimate of $441.78 million. Inter & Co. Inc. had a return on equity of 13.54% and a net margin of 12.01%. On average, research analysts expect that Inter & Co. Inc. will post 0.48 earnings per share 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 dividend of $0.1131 per share. The ex-dividend date was Friday, February 20th. This represents a dividend yield of 122.0%. This is a boost from Inter & Co. Inc.’s previous annual dividend of $0.08. Inter & Co. Inc.’s dividend payout ratio (DPR) is currently 20.37%.

Institutional Trading of Inter & Co. Inc.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Marshall Wace LLP boosted its stake in Inter & Co. Inc. by 3.8% during the second quarter. Marshall Wace LLP now owns 4,708,880 shares of the company’s stock worth $34,987,000 after buying an additional 171,379 shares during the period. WCM Investment Management LLC increased its position in shares of Inter & Co. Inc. by 21.3% during the third quarter. WCM Investment Management LLC now owns 10,586,349 shares of the company’s stock valued at $98,135,000 after acquiring an additional 1,862,169 shares during the last quarter. Tredje AP fonden purchased a new stake in shares of Inter & Co. Inc. in the 3rd quarter valued at approximately $12,372,000. William Blair Investment Management LLC raised its stake in shares of Inter & Co. Inc. by 108.9% in the 3rd quarter. William Blair Investment Management LLC now owns 3,484,335 shares of the company’s stock valued at $32,160,000 after acquiring an additional 1,816,322 shares during the period. Finally, TT International Asset Management LTD acquired a new position in shares of Inter & Co. Inc. in the 3rd quarter worth approximately $2,950,000. 22.90% of the stock is currently owned by hedge funds and other institutional investors.

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.