Inter & Co. Inc. (NASDAQ:INTR) Sets New 52-Week Low Following Analyst Downgrade

Inter & Co. Inc. (NASDAQ:INTR)’s stock price hit a new 52-week low during trading on Monday after The Goldman Sachs Group lowered their price target on the stock from $13.00 to $11.50. The Goldman Sachs Group currently has a buy rating on the stock. Inter & Co. Inc. traded as low as $6.36 and last traded at $6.2850, with a volume of 4270033 shares. The stock had previously closed at $6.48.

INTR has been the subject of a number of other reports. Wall Street Zen cut shares of Inter & Co. Inc. from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Inter & Co. Inc. in a report on Friday, March 27th. Finally, UBS Group restated a “buy” rating and set a $12.00 target price on shares of Inter & Co. Inc. in a report on Thursday, February 12th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $11.17.

Institutional Trading of Inter & Co. Inc.

Several institutional investors have recently made changes to their positions in INTR. Baader Bank Aktiengesellschaft acquired a new position in Inter & Co. Inc. in the first quarter worth approximately $279,000. SPX Gestao de Recursos Ltda increased its holdings in Inter & Co. Inc. by 1,059.2% in the first quarter. SPX Gestao de Recursos Ltda now owns 4,023,802 shares of the company’s stock worth $32,029,000 after buying an additional 3,676,696 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Inter & Co. Inc. by 7.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,433,539 shares of the company’s stock worth $19,371,000 after buying an additional 170,649 shares during the last quarter. Hsbc Holdings PLC bought a new stake in Inter & Co. Inc. in the first quarter worth $1,849,000. Finally, Lansforsakringar Fondforvaltning AB publ bought a new stake in Inter & Co. Inc. in the first quarter worth $454,000. 22.90% of the stock is currently owned by institutional investors and hedge funds.

Inter & Co. Inc. Price Performance

The stock has a market capitalization of $2.73 billion, a P/E ratio of 10.34, a PEG ratio of 0.27 and a beta of 1.02. The stock’s fifty day moving average is $8.12 and its 200-day moving average is $8.61. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.91 and a quick ratio of 0.91.

Inter & Co. Inc. (NASDAQ:INTR) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. Inter & Co. Inc. had a net margin of 12.24% and a return on equity of 14.34%. The firm had revenue of $437.96 million during the quarter, compared to analysts’ expectations of $495.33 million. On average, equities analysts anticipate that Inter & Co. Inc. will post 0.77 earnings per share for the current year.

Inter & Co. Inc. Increases Dividend

The business also recently declared an annual dividend, which was paid on Thursday, March 5th. Shareholders of record on Sunday, February 22nd were issued a $0.1131 dividend. This is a boost from Inter & Co. Inc.’s previous annual dividend of $0.08. The ex-dividend date of this dividend was Friday, February 20th. This represents a yield of 122.0%. Inter & Co. Inc.’s payout ratio is currently 18.33%.

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. 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.