Inter & Co. Inc. (NASDAQ:INTR) Downgraded to Hold Rating by Wall Street Zen

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

INTR has been the subject of a number of other reports. Weiss Ratings restated a “hold (c+)” rating on shares of Inter & Co. Inc. in a research note on Monday, December 29th. 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. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $10.67.

Inter & Co. Inc. Stock Down 6.3%

Shares of INTR stock opened at $7.71 on Friday. The stock’s 50 day simple moving average is $8.73 and its 200 day simple moving average is $8.80. Inter & Co. Inc. has a twelve month low of $4.86 and a twelve month 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 company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 0.33 and a beta of 1.18.

Inter & Co. Inc. (NASDAQ:INTR) last announced 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. 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 during the quarter, compared to analysts’ expectations of $441.78 million. As a group, research analysts predict that Inter & Co. Inc. will post 0.48 EPS for the current year.

Inter & Co. Inc. Increases Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Farther Finance Advisors LLC bought a new stake in shares of Inter & Co. Inc. in the third quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd increased its position in 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 worth $62,000 after acquiring an additional 7,264 shares during the period. Barclays PLC bought a new position in Inter & Co. Inc. during the fourth quarter worth $63,000. Fideuram Asset Management Ireland dac acquired a new position in Inter & Co. Inc. during the 4th quarter valued at $92,000. Finally, Scotia Capital Inc. acquired a new position in Inter & Co. Inc. during the 2nd quarter valued at $99,000. 22.90% of the stock is currently 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.