Inter & Co, Inc. (NASDAQ:INTR) Given New $4.00 Price Target at Morgan Stanley

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

Separately, JPMorgan Chase & Co. decreased their target price on Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating for the company in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, Inter & Co, Inc. has a consensus rating of “Moderate Buy” and an average price target of $6.78.

Inter & Co, Inc. Stock Performance

Inter & Co, Inc. stock opened at $6.01 on Monday. The firm has a market capitalization of $2.61 billion, a P/E ratio of 15.41 and a beta of 1.31. The company has a current ratio of 0.85, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average price of $5.13 and a 200 day moving average price of $5.62. Inter & Co, Inc. has a 52 week low of $3.88 and a 52 week high of $7.84.

Inter & Co, Inc. (NASDAQ:INTR) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. Inter & Co, Inc. had a return on equity of 10.06% and a net margin of 11.74%. Equities research analysts anticipate that Inter & Co, Inc. will post 0.48 earnings per share for the current year.

Inter & Co, Inc. Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp lifted its holdings in Inter & Co, Inc. by 254.0% during the 3rd quarter. State Street Corp now owns 3,339,841 shares of the company’s stock worth $22,243,000 after buying an additional 2,396,448 shares during the last quarter. Swedbank AB acquired a new position in shares of Inter & Co, Inc. in the 4th quarter worth approximately $7,826,000. Fourth Sail Capital LP acquired a new position in shares of Inter & Co, Inc. in the 3rd quarter worth approximately $9,313,000. Geode Capital Management LLC grew its position in shares of Inter & Co, Inc. by 436.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,672,833 shares of the company’s stock worth $11,060,000 after acquiring an additional 1,361,258 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in shares of Inter & Co, Inc. in the 3rd quarter worth approximately $8,311,000. Hedge funds and other institutional investors 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.