Morgan Stanley Cuts Inter & Co, Inc. (NASDAQ:INTR) Price Target to $4.00

Inter & Co, Inc. (NASDAQ:INTR) had its target price cut by Morgan Stanley from $4.50 to $4.00 in a research note released on Monday, Marketbeat.com reports. They currently have an underweight rating on the stock.

Separately, JPMorgan Chase & Co. dropped their price target on Inter & Co, Inc. from $7.20 to $7.10 and set an “overweight” rating on the stock in a research note 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’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.78.

Inter & Co, Inc. Price Performance

Shares of Inter & Co, Inc. stock opened at $5.90 on Monday. 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 company’s 50-day moving average price is $5.19 and its two-hundred day moving average price is $5.61. Inter & Co, Inc. has a 52 week low of $3.88 and a 52 week high of $7.84. The stock has a market cap of $2.56 billion, a PE ratio of 15.13 and a beta of 1.31.

Inter & Co, Inc. (NASDAQ:INTR) last issued 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 net margin of 11.74% and a return on equity of 10.06%. As a group, sell-side analysts anticipate that Inter & Co, Inc. will post 0.48 EPS for the current fiscal year.

Inter & Co, Inc. Announces Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, February 26th. Investors 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 yield of 0.5%. Inter & Co, Inc.’s dividend payout ratio is currently 20.51%.

Hedge Funds Weigh In On Inter & Co, Inc.

A number of institutional investors have recently bought and sold shares of the stock. US Bancorp DE grew its stake in Inter & Co, Inc. by 6,054.6% during the 4th quarter. US Bancorp DE now owns 5,970 shares of the company’s stock valued at $25,000 after acquiring an additional 5,873 shares in the last quarter. Savant Capital LLC purchased a new position in Inter & Co, Inc. during the 4th quarter valued at about $42,000. Skandinaviska Enskilda Banken AB publ grew its stake 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 valued at $52,000 after acquiring an additional 5,500 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new position in Inter & Co, Inc. during the 4th quarter valued at about $60,000. Finally, Allspring Global Investments Holdings LLC grew its stake in Inter & Co, Inc. by 17.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,024 shares of the company’s stock valued at $68,000 after acquiring an additional 2,399 shares in the last quarter. Hedge funds and other institutional investors 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.