Banco BTG Pactual S.A. Decreases Position 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. lowered its position in shares of Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 29.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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.

A number of other institutional investors have also bought and sold shares of IFS. Geode Capital Management LLC boosted its position in Intercorp Financial Services by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 17,332 shares of the company's stock valued at $509,000 after acquiring an additional 533 shares during the last quarter. Jump Financial LLC boosted its position in shares of Intercorp Financial Services by 42.8% during the 4th quarter. Jump Financial LLC now owns 18,091 shares of the company's stock worth $531,000 after purchasing an additional 5,423 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Intercorp Financial Services by 115.3% during the 4th quarter. Marshall Wace LLP now owns 172,118 shares of the company's stock worth $5,050,000 after purchasing an additional 92,188 shares in the last quarter. Lord Abbett & CO. LLC boosted its position in shares of Intercorp Financial Services by 39.2% during the 4th quarter. Lord Abbett & CO. LLC now owns 280,131 shares of the company's stock worth $8,219,000 after purchasing an additional 78,822 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of 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 purchasing an additional 31,136 shares in the last quarter.

Insider Activity at Intercorp Financial Services

In other news, major shareholder Peru Ltd Intercorp bought 17,803 shares of the company's stock in a transaction on Tuesday, July 22nd. The shares were purchased at an average price of $19.66 per share, with a total value of $350,006.98. Following the transaction, the insider directly owned 2,946,766 shares in the company, valued at $57,933,419.56. This represents a 0.61% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Intercorp Financial Services Stock Performance

Shares of Intercorp Financial Services stock traded up $1.3830 during mid-day trading on Friday, hitting $40.0030. 171,937 shares of the stock were exchanged, compared to its average volume of 227,565. Intercorp Financial Services Inc. has a 12 month low of $23.53 and a 12 month high of $40.24. The company has a 50-day simple moving average of $37.15 and a 200 day simple moving average of $34.63. 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 company has a market capitalization of $4.58 billion, a P/E ratio of 8.89, a P/E/G ratio of 0.36 and a beta of 1.15.

Analyst Ratings Changes

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

About Intercorp Financial Services

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.