Inter & Co, Inc. (NASDAQ:INTR) Trading 3.8% Higher – Should You Buy?

Inter & Co, Inc. (NASDAQ:INTR) shares rose 3.8% during trading on Tuesday . The company traded as high as $5.80 and last traded at $5.83. Approximately 277,024 shares traded hands during trading, a decline of 84% from the average daily volume of 1,769,791 shares. The stock had previously closed at $5.61.

Analysts Set New Price Targets

A number of research firms have weighed in on INTR. Morgan Stanley decreased their price objective on Inter & Co, Inc. from $4.50 to $4.00 and set an “underweight” rating on the stock in a report on Monday, March 17th. JPMorgan Chase & Co. lowered their price target on Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating on the stock in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Inter & Co, Inc. has an average rating of “Moderate Buy” and a consensus price target of $6.78.

Inter & Co, Inc. Price Performance

The stock has a market capitalization of $2.45 billion, a P/E ratio of 14.47 and a beta of 1.31. The company’s 50 day simple moving average is $5.28 and its two-hundred day simple moving average is $5.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.85 and a quick ratio of 0.87.

Inter & Co, Inc. (NASDAQ:INTR) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Inter & Co, Inc. had a return on equity of 10.06% and a net margin of 11.74%. As a group, equities analysts expect that Inter & Co, Inc. will post 0.48 EPS for the current fiscal year.

Inter & Co, Inc. Announces Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 17th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a dividend yield of 0.5%. Inter & Co, Inc.’s dividend payout ratio (DPR) is presently 20.51%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citigroup Inc. grew its holdings in Inter & Co, Inc. by 4,711.6% during the 3rd quarter. Citigroup Inc. now owns 1,061,289 shares of the company’s stock worth $7,068,000 after acquiring an additional 1,039,232 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Inter & Co, Inc. during the third quarter worth approximately $8,311,000. Geode Capital Management LLC lifted its position in shares of Inter & Co, Inc. by 436.9% during the third quarter. Geode Capital Management LLC now owns 1,672,833 shares of the company’s stock worth $11,060,000 after purchasing an additional 1,361,258 shares in the last quarter. Public Sector Pension Investment Board bought a new stake in shares of Inter & Co, Inc. during the third quarter valued at approximately $1,373,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Inter & Co, Inc. in the third quarter valued at approximately $4,874,000. Institutional investors and hedge funds own 22.90% of the company’s stock.

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.