Inter & Co, Inc. (NASDAQ:INTR) Price Target Cut to $4.00 by Analysts at Morgan Stanley

Inter & Co, Inc. (NASDAQ:INTR - Free Report) had its target price lowered by Morgan Stanley from $4.50 to $4.00 in a research report report published on Monday, Marketbeat.com reports. The firm currently has an underweight rating on the stock.

Separately, JPMorgan Chase & Co. dropped their price target on shares of 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 equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $6.78.

Inter & Co, Inc. Price Performance

Shares of NASDAQ:INTR traded down $0.08 during trading on Monday, reaching $5.78. The company had a trading volume of 1,460,872 shares, compared to its average volume of 1,759,533. The firm's fifty day moving average is $5.22 and its 200 day moving average is $5.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.85. The firm has a market capitalization of $2.51 billion, a PE ratio of 14.82 and a beta of 1.31. Inter & Co, Inc. has a twelve month low of $3.88 and a twelve month high of $7.84.

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Inter & Co, Inc. (NASDAQ:INTR - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.11 earnings per share 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%. On average, equities analysts forecast that Inter & Co, Inc. will post 0.48 EPS for the current year.

Inter & Co, Inc. Dividend Announcement

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

Hedge Funds Weigh In On Inter & Co, Inc.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its stake in Inter & Co, Inc. by 17.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company's stock valued at $68,000 after buying an additional 2,399 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Inter & Co, Inc. by 6.4% during the fourth quarter. Hsbc Holdings PLC now owns 49,507 shares of the company's stock valued at $207,000 after acquiring an additional 2,961 shares during the period. Prudential PLC lifted its position in shares of Inter & Co, Inc. by 27.0% in the 4th quarter. Prudential PLC now owns 18,539 shares of the company's stock valued at $78,000 after acquiring an additional 3,937 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in Inter & Co, Inc. by 18.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 35,337 shares of the company's stock worth $150,000 after purchasing an additional 5,475 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ grew its position in Inter & Co, Inc. by 78.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 12,500 shares of the company's stock worth $52,000 after purchasing an additional 5,500 shares in the last quarter. Institutional investors and hedge funds own 22.90% of the company's stock.

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.