Bank of America Corp DE cut its position in shares of Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 32.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 65,978 shares of the company's stock after selling 32,302 shares during the quarter. Bank of America Corp DE owned 0.06% of Intercorp Financial Services worth $3,312,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of IFS. Caitong International Asset Management Co. Ltd boosted its position in Intercorp Financial Services by 106.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the company's stock worth $32,000 after acquiring an additional 384 shares during the last quarter. DGS Capital Management LLC bought a new position in shares of Intercorp Financial Services during the 1st quarter worth approximately $213,000. Pinnacle Associates Ltd. acquired a new stake in shares of Intercorp Financial Services in the third quarter valued at approximately $275,000. Jane Street Group LLC acquired a new stake in shares of Intercorp Financial Services in the first quarter valued at approximately $287,000. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Intercorp Financial Services in the fourth quarter valued at approximately $294,000.
Intercorp Financial Services Stock Down 0.2%
IFS opened at $54.54 on Monday. Intercorp Financial Services Inc. has a 1-year low of $38.29 and a 1-year high of $61.38. The stock's fifty day simple moving average is $57.31 and its 200 day simple moving average is $51.68. The company has a current ratio of 1.10, a quick ratio of 1.08 and a debt-to-equity ratio of 0.59. The stock has a market cap of $6.06 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 0.71 and a beta of 0.80.
Intercorp Financial Services (NYSE:IFS - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.08. Intercorp Financial Services had a net margin of 34.81% and a return on equity of 17.06%. The firm had revenue of $554.15 million during the quarter, compared to analysts' expectations of $520.46 million. As a group, research analysts expect that Intercorp Financial Services Inc. will post 6.09 earnings per share for the current year.
Wall Street Analysts Forecast Growth
IFS has been the subject of several recent research reports. Wall Street Zen cut shares of Intercorp Financial Services from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. JPMorgan Chase & Co. lifted their price target on shares of Intercorp Financial Services from $56.00 to $62.00 and gave the company a "neutral" rating in a research note on Thursday. Zacks Research raised shares of Intercorp Financial Services from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 9th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Intercorp Financial Services in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $62.00.
View Our Latest Analysis on Intercorp Financial Services
About Intercorp Financial Services
(
Free Report)
Intercorp Financial Services NYSE: IFS is a Lima-based financial holding company that brings together a suite of banking and non-banking financial businesses under the Intercorp Group umbrella. Through its network of subsidiaries, the company provides a broad range of products and services designed to meet the needs of individual consumers, small and medium-sized enterprises, and large corporations across Peru.
The company's core banking operations are conducted through Interbank, which offers deposit accounts, personal and business loans, credit and debit cards, trade finance and electronic banking solutions.
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