Inter & Co. Inc. (NASDAQ:INTR) Sees Unusually-High Trading Volume – Still a Buy?

Inter & Co. Inc. (NASDAQ:INTR) shares saw an uptick in trading volume on Tuesday . 4,368,436 shares were traded during trading, an increase of 23% from the previous session’s volume of 3,547,458 shares.The stock last traded at $6.2550 and had previously closed at $6.00.

Trending Headlines about Inter & Co. Inc.

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

• Positive Sentiment: Inter & Co. announced that it is adopting the “Rule of 50” as its main operating target, signaling a focus on balancing growth and profitability over the next three years. The move suggests management is aiming for more disciplined expansion and stronger returns, which can support investor confidence. Inter Sets the Rule of 50 as the Company’s North Star
• Positive Sentiment: Commentary around the company’s digital bank growth and improving ROE reinforced the idea that Inter & Co. can continue scaling efficiently, which is a supportive backdrop for the stock. Inter Sets the Rule of 50 as the Company’s North Star
• Neutral Sentiment: JPMorgan Chase & Co. lowered its price target on Inter & Co. from $11.00 to $9.00, but kept an “overweight” rating, indicating continued optimism despite a smaller valuation target. Benzinga
• Neutral Sentiment: Goldman Sachs also cut its price target to $11.50, adding to the cautious analyst tone, though the rating change was not described as a bearish shift. The Goldman Sachs Group Cuts Inter & Co. Inc. (NASDAQ:INTR) Price Target to $11.50
• Neutral Sentiment: Short interest data showed no meaningful change, so it does not appear to be a material driver of the stock today.

Analysts Set New Price Targets

A number of brokerages have issued reports on INTR. Wall Street Zen raised Inter & Co. Inc. from a “hold” rating to a “buy” rating in a research note on Saturday. The Goldman Sachs Group cut their price objective on Inter & Co. Inc. from $13.00 to $11.50 and set a “buy” rating for the company in a report on Friday. UBS Group set a $10.40 target price on Inter & Co. Inc. in a report on Tuesday. JPMorgan Chase & Co. dropped 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 report on Tuesday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Inter & Co. Inc. in a report on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $10.23.

Inter & Co. Inc. Stock Up 6.3%

The stock has a fifty day moving average of $8.02 and a 200-day moving average of $8.57. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 0.27 and a beta of 1.02. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.07.

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

Inter & Co. Inc. Increases Dividend

The company also recently declared 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 was Friday, February 20th. Inter & Co. Inc.’s dividend payout ratio (DPR) is presently 18.33%.

Institutional Trading of Inter & Co. Inc.

Large investors have recently added to or reduced their stakes in the company. Wasatch Advisors LP boosted its position in shares of Inter & Co. Inc. by 170.8% in the fourth quarter. Wasatch Advisors LP now owns 15,385,139 shares of the company’s stock worth $130,466,000 after buying an additional 9,704,435 shares during the period. SPX Gestao de Recursos Ltda grew its stake in Inter & Co. Inc. by 1,059.2% during the 1st quarter. SPX Gestao de Recursos Ltda now owns 4,023,802 shares of the company’s stock valued at $32,029,000 after acquiring an additional 3,676,696 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Inter & Co. Inc. by 62.7% in the 4th quarter. Marshall Wace LLP now owns 7,734,475 shares of the company’s stock valued at $65,588,000 after purchasing an additional 2,981,210 shares during the period. William Blair Investment Management LLC lifted its position in shares of Inter & Co. Inc. by 60.6% in the fourth quarter. William Blair Investment Management LLC now owns 5,595,196 shares of the company’s stock worth $47,447,000 after purchasing an additional 2,110,861 shares in the last quarter. Finally, WCM Investment Management LLC boosted its holdings in shares of Inter & Co. Inc. by 21.3% during the third quarter. WCM Investment Management LLC now owns 10,586,349 shares of the company’s stock worth $98,135,000 after purchasing an additional 1,862,169 shares during the period. 22.90% of the stock is owned by institutional investors and hedge funds.

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.