Inter & Co. Inc. (NASDAQ:INTR – Get Free Report) has been assigned an average rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $9.28.
Several equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. JPMorgan Chase & Co. decreased their price target on shares of Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 12th. The Goldman Sachs Group decreased their price target on shares of Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating on the stock in a research note on Friday, May 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Inter & Co. Inc. in a research note on Wednesday, June 24th. Finally, UBS Group decreased their price target on shares of Inter & Co. Inc. from $10.40 to $9.40 and set a “buy” rating on the stock in a research note on Wednesday, June 3rd.
Get Our Latest Analysis on INTR
Inter & Co. Inc. Trading Up 1.0%
Inter & Co. Inc. (NASDAQ:INTR – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. Inter & Co. Inc. had a net margin of 12.24% and a return on equity of 14.34%. The business had revenue of $437.96 million during the quarter, compared to analyst estimates of $495.33 million. Analysts expect that Inter & Co. Inc. will post 0.77 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd raised its stake in shares of Inter & Co. Inc. by 15,133.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,312 shares of the company’s stock worth $62,000 after acquiring an additional 7,264 shares in the last quarter. Barclays PLC purchased a new position in shares of Inter & Co. Inc. during the fourth quarter worth approximately $63,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Inter & Co. Inc. during the fourth quarter worth approximately $92,000. State of Wyoming purchased a new position in shares of Inter & Co. Inc. during the fourth quarter worth approximately $122,000. Finally, SG Americas Securities LLC purchased a new position in shares of Inter & Co. Inc. during the fourth quarter worth approximately $123,000. 22.90% of the stock is owned by hedge funds and other institutional investors.
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. The Securities segment is involved in the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market, and the provision of administration services to investment funds.
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