Inter & Co. Inc. (NASDAQ:INTR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Inter & Co. Inc. (NASDAQ:INTR) have earned a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $10.2250.

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group cut their target price on shares of Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating for the company in a research note on Friday. Wall Street Zen upgraded shares of Inter & Co. Inc. from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Inter & Co. Inc. in a report on Friday, March 27th. JPMorgan Chase & Co. cut their price target on Inter & Co. Inc. from $11.00 to $9.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, UBS Group set a $10.40 price objective on Inter & Co. Inc. in a report on Tuesday.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in Inter & Co. Inc. by 1,446.7% during the first quarter. Royal Bank of Canada now owns 66,510 shares of the company’s stock worth $364,000 after acquiring an additional 62,210 shares in the last quarter. Millennium Management LLC increased its position in Inter & Co. Inc. by 94.4% during the 1st quarter. Millennium Management LLC now owns 2,113,061 shares of the company’s stock valued at $11,580,000 after purchasing an additional 1,026,321 shares during the period. Goldman Sachs Group Inc. increased its position in Inter & Co. Inc. by 43.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,927,453 shares of the company’s stock valued at $16,042,000 after purchasing an additional 891,939 shares during the period. Jane Street Group LLC grew its position in shares of Inter & Co. Inc. by 502.0% during the 1st quarter. Jane Street Group LLC now owns 1,431,616 shares of the company’s stock worth $7,845,000 after buying an additional 1,193,818 shares during the period. Finally, Geode Capital Management LLC increased its stake in Inter & Co. Inc. by 0.3% in the second quarter. Geode Capital Management LLC now owns 444,505 shares of the company’s stock valued at $3,303,000 after purchasing an additional 1,303 shares in the last quarter. 22.90% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Inter & Co. Inc.

Here are the key news stories impacting Inter & Co. Inc. this week:

• Positive Sentiment: Inter & Co. announced a new long-term strategy built around the “Rule of 50,” signaling a stronger focus on balancing growth and profitability over the next three years. The company said this framework will guide execution as its digital banking and commerce platform continues to scale. Inter Sets the Rule of 50 as the Company’s North Star
• Positive Sentiment: Several market commentators highlighted that INTR may be oversold after a recent pullback, suggesting the selling pressure could be fading and that the stock could rebound if earnings-estimate momentum continues. Down 21% in 4 Weeks, Here’s Why You Should You Buy the Dip in Inter & Co. Inc. (INTR)
• Neutral Sentiment: JPMorgan lowered its price target on Inter & Co. from $11 to $9, but kept an “overweight” rating, which still implies upside from current levels even as the bank trimmed its expectations. Benzinga report on JPMorgan price target cut
• Neutral Sentiment: Goldman Sachs also reduced its price target on INTR, reflecting more cautious valuation assumptions rather than a full bearish call. Goldman Sachs Group Cuts Inter & Co. Inc. Price Target to $11.50
• Neutral Sentiment: Short-interest data showed no meaningful short position update, so it does not appear to be a major driver of the stock move. Inter & Co. sets ‘rule of 50′ target as digital bank pushes growth, ROE gains

Inter & Co. Inc. Stock Up 5.5%

Shares of NASDAQ INTR traded up $0.33 during trading hours on Tuesday, hitting $6.33. The company had a trading volume of 8,484,083 shares, compared to its average volume of 3,601,732. The stock has a market capitalization of $2.79 billion, a P/E ratio of 10.57, a price-to-earnings-growth ratio of 0.27 and a beta of 1.02. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.07. Inter & Co. Inc. has a 1-year low of $5.91 and a 1-year high of $10.36. The firm’s 50 day moving average is $8.02 and its 200-day moving average is $8.57.

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

Inter & Co. Inc. Increases Dividend

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