Banco BTG Pactual S.A. Has $1.52 Million Stock Holdings in Intercorp Financial Services Inc. $IFS

Key Points

• Banco BTG Pactual S.A. reduced its position in Intercorp Financial Services Inc. by 29% in Q1, selling 18,700 shares and holding 45,746 shares valued at approximately $1.5 million.
• Intercorp Financial Services shares have shown a modest decline of 0.8%, with a market cap of $4.39 billion and a P/E ratio of 8.53.
• Wall Street analysts have upgraded the stock rating from "buy" to "strong-buy", indicating positive expectations for growth with a consensus price target of $30.00.

Banco BTG Pactual S.A. cut its holdings in Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 29.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,746 shares of the company's stock after selling 18,700 shares during the quarter. Banco BTG Pactual S.A.'s holdings in Intercorp Financial Services were worth $1,516,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in Intercorp Financial Services by 4.0% in the first quarter. Principal Financial Group Inc. now owns 396,356 shares of the company's stock worth $13,131,000 after acquiring an additional 15,087 shares in the last quarter. Bank of America Corp DE raised its holdings in Intercorp Financial Services by 141.4% during the 4th quarter. Bank of America Corp DE now owns 28,875 shares of the company's stock worth $847,000 after buying an additional 16,916 shares during the period. Northern Trust Corp raised its holdings in Intercorp Financial Services by 103.5% during the 4th quarter. Northern Trust Corp now owns 61,206 shares of the company's stock worth $1,796,000 after buying an additional 31,136 shares during the period. Helikon Investments Ltd raised its holdings in Intercorp Financial Services by 21.9% during the 1st quarter. Helikon Investments Ltd now owns 1,188,211 shares of the company's stock worth $39,365,000 after buying an additional 213,392 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in Intercorp Financial Services during the 4th quarter worth about $1,382,000.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Intercorp Financial Services from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 16th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Intercorp Financial Services currently has an average rating of "Buy" and an average target price of $30.00.

Insider Activity at Intercorp Financial Services

In other news, major shareholder Peru Ltd Intercorp bought 17,803 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The stock was acquired at an average cost of $19.66 per share, for a total transaction of $350,006.98. Following the completion of the purchase, the insider owned 2,946,766 shares of the company's stock, valued at $57,933,419.56. This trade represents a 0.61% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Intercorp Financial Services Stock Down 1.8%

Shares of NYSE IFS traded down $0.74 during trading hours on Monday, hitting $39.38. The stock had a trading volume of 30,883 shares, compared to its average volume of 209,402. The company has a market capitalization of $4.51 billion, a P/E ratio of 8.76, a P/E/G ratio of 0.37 and a beta of 1.15. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.12 and a current ratio of 1.12. The firm's 50-day moving average price is $37.15 and its two-hundred day moving average price is $34.67. Intercorp Financial Services Inc. has a 52 week low of $23.53 and a 52 week high of $40.24.

Intercorp Financial Services Company Profile

Intercorp Financial Services Inc, together with its subsidiaries, offers banking, insurance, wealth management, and payment services for retail and commercial clients in Peru. The company provides loans, credit facilities, deposits, and current accounts; life annuity products with single-premium payment and conventional life insurance products, as well as other retail insurance products; and brokerage and investment management services.