Intercorp Financial Services Inc. (NYSE:IFS) Shares Bought by Helikon Investments Ltd

Key Points

• Helikon Investments Ltd increased its stake in Intercorp Financial Services by 21.9% during the first quarter, acquiring a total of 1,188,211 shares valued at approximately $39.4 million.
• Analysts from Wall Street Zen downgraded Intercorp Financial Services from a "strong-buy" to a "buy" rating on June 8th.
• Intercorp Financial Services reported $1.06 EPS for the most recent quarter, surpassing analyst estimates of $0.89.

Helikon Investments Ltd increased its holdings in Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 21.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,188,211 shares of the company's stock after purchasing an additional 213,392 shares during the period. Intercorp Financial Services makes up 3.0% of Helikon Investments Ltd's investment portfolio, making the stock its 9th biggest holding. Helikon Investments Ltd owned 1.04% of Intercorp Financial Services worth $39,365,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of IFS. Employees Retirement System of Texas bought a new stake in Intercorp Financial Services in the fourth quarter worth $155,000. FNY Investment Advisers LLC bought a new stake in Intercorp Financial Services in the first quarter worth $182,000. Sei Investments Co. bought a new stake in Intercorp Financial Services in the fourth quarter worth $212,000. Ariel Investments LLC bought a new stake in Intercorp Financial Services in the fourth quarter worth $267,000. Finally, Centiva Capital LP bought a new stake in Intercorp Financial Services in the fourth quarter worth $291,000.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Intercorp Financial Services from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 8th.

Intercorp Financial Services Stock Performance

IFS stock traded up $0.27 during mid-day trading on Monday, reaching $37.73. 237,835 shares of the stock traded hands, compared to its average volume of 212,728. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.65. Intercorp Financial Services Inc. has a 52 week low of $22.33 and a 52 week high of $38.65. The business has a 50-day moving average of $36.58 and a two-hundred day moving average of $34.12. The firm has a market capitalization of $4.32 billion, a PE ratio of 10.06, a P/E/G ratio of 0.35 and a beta of 1.15.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.17. Intercorp Financial Services had a net margin of 24.51% and a return on equity of 15.04%. The business had revenue of $382.57 million during the quarter, compared to analysts' expectations of $1.35 billion. As a group, equities analysts predict that Intercorp Financial Services Inc. will post 4.23 EPS for the current fiscal year.

Insider Buying and Selling at Intercorp Financial Services

In related news, major shareholder Peru Ltd Intercorp bought 17,803 shares of Intercorp Financial Services stock in a transaction that occurred on Tuesday, July 22nd. The stock was acquired at an average price 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 in the company, valued at approximately $57,933,419.56. This represents a 0.61% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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.