Inter & Co. Inc. (NASDAQ:INTR) Price Target Lowered to $11.50 at The Goldman Sachs Group

Inter & Co. Inc. (NASDAQ:INTR) had its target price lowered by The Goldman Sachs Group from $13.00 to $11.50 in a research report sent to investors on Friday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

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

Inter & Co. Inc. Stock Down 3.3%

NASDAQ INTR opened at $6.48 on Friday. The business has a fifty day moving average price of $8.12 and a 200 day moving average price of $8.61. Inter & Co. Inc. has a one year low of $6.40 and a one year high of $10.36. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.87 and a current ratio of 0.89. The company has a market cap of $2.85 billion, a P/E ratio of 10.80, a P/E/G ratio of 0.28 and a beta of 1.02.

Inter & Co. Inc. (NASDAQ:INTR) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. Inter & Co. Inc. had a return on equity of 14.76% and a net margin of 12.24%.The firm had revenue of $437.96 million during the quarter, compared to the consensus estimate of $495.33 million. Research analysts anticipate that Inter & Co. Inc. will post 0.76 EPS 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. Investors of record on Sunday, February 22nd were issued a dividend of $0.1131 per share. This is a positive change from Inter & Co. Inc.’s previous annual dividend of $0.08. The ex-dividend date was Friday, February 20th. This represents a yield of 122.0%. Inter & Co. Inc.’s dividend payout ratio (DPR) is 20.37%.

Hedge Funds Weigh In On Inter & Co. Inc.

A number of hedge funds and other institutional investors have recently bought and sold shares of INTR. Farther Finance Advisors LLC purchased a new position in Inter & Co. Inc. during the 3rd quarter valued at about $35,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Inter & Co. Inc. by 15,133.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 7,312 shares of the company’s stock valued at $62,000 after buying an additional 7,264 shares during the period. Barclays PLC purchased a new position in shares of Inter & Co. Inc. in the 4th quarter valued at about $63,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Inter & Co. Inc. in the 4th quarter valued at about $92,000. Finally, State of Wyoming purchased a new position in shares of Inter & Co. Inc. in the 4th quarter valued at about $122,000. 22.90% of the stock is currently owned by hedge funds and other institutional investors.

Inter & Co. Inc. News Roundup

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

• Positive Sentiment: Inter&Co said it delivered a record first quarter, surpassing 44 million clients and R$50 billion in credit, reinforcing growth in its AI-powered super app strategy. Article title
• Positive Sentiment: Goldman Sachs kept a buy rating on Inter & Co. while lowering its price target to $11.50, still implying substantial upside from the current share price. Article title
• Neutral Sentiment: Analysts’ commentary and earnings-call materials are being reviewed by investors for clues on margins, customer growth, and execution of the company’s digital banking strategy. Article title
• Neutral Sentiment: Zacks noted that Inter & Co. matched EPS estimates at $0.17 and compared the stock with American Express for value investors, adding little immediate catalyst beyond the earnings update. Article title
• Negative Sentiment: Revenue missed estimates by a wide margin, suggesting near-term growth may be less robust than investors hoped and helping explain the stock’s weakness. Article title

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.