Inter & Co, Inc. (NASDAQ:INTR) Raised to “Outperform” at Itau BBA Securities

Itau BBA Securities upgraded shares of Inter & Co, Inc. (NASDAQ:INTR) from a market perform rating to an outperform rating in a report issued on Tuesday, MarketBeat reports. Itau BBA Securities currently has $8.00 price target on the stock.

INTR has been the subject of several other reports. The Goldman Sachs Group lifted their price target on Inter & Co, Inc. from $5.80 to $6.50 and gave the company a buy rating in a research report on Friday, February 9th. Citigroup lowered shares of Inter & Co, Inc. from a buy rating to a neutral rating and cut their target price for the company from $6.30 to $6.00 in a report on Friday, February 16th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $5.80.

Inter & Co, Inc. Stock Down 0.8 %

NASDAQ:INTR opened at $6.48 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.90 and a quick ratio of 0.90. The company’s fifty day moving average price is $5.68 and its 200-day moving average price is $5.45. Inter & Co, Inc. has a 1-year low of $2.25 and a 1-year high of $6.78. The firm has a market capitalization of $2.81 billion, a P/E ratio of 28.18 and a beta of 1.47.

Inter & Co, Inc. (NASDAQ:INTR) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $332.84 million for the quarter. Inter & Co, Inc. had a net margin of 7.38% and a return on equity of 6.16%. During the same period in the previous year, the company posted $0.01 earnings per share. As a group, equities research analysts anticipate that Inter & Co, Inc. will post 0.38 EPS for the current year.

Inter & Co, Inc. Announces Dividend

The firm also recently declared a — dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 16th were given a dividend of $0.03 per share. The ex-dividend date was Monday, April 15th. Inter & Co, Inc.’s dividend payout ratio is currently 13.04%.

Institutional Trading of Inter & Co, Inc.

A number of institutional investors and hedge funds have recently made changes to their positions in INTR. Jump Financial LLC purchased a new position in shares of Inter & Co, Inc. during the 3rd quarter valued at approximately $42,000. Quadrature Capital Ltd purchased a new position in Inter & Co, Inc. during the third quarter valued at $47,000. Axxcess Wealth Management LLC acquired a new stake in shares of Inter & Co, Inc. in the fourth quarter valued at about $550,000. SPX Gestao de Recursos Ltda increased its stake in shares of Inter & Co, Inc. by 171.0% during the fourth quarter. SPX Gestao de Recursos Ltda now owns 362,162 shares of the company’s stock worth $2,014,000 after purchasing an additional 228,528 shares in the last quarter. Finally, Fourth Sail Capital LP acquired a new position in shares of Inter & Co, Inc. during the 1st quarter worth about $9,155,000. 22.90% of the stock is currently owned by hedge funds and other institutional investors.

About Inter & Co, Inc.

Inter & Co, Inc, through its subsidiaries, engages in the banking and spending, investments, insurance brokerage businesses. The company's Banking & Spending segment offers banking products and services, including checking accounts, cards, deposits, loans and advances, and other services.