Mirabella Financial Services LLP Acquires New Holdings in Intercorp Financial Services Inc. $IFS

Key Points

• Mirabella Financial Services LLP purchased a new stake of 97,281 shares in Intercorp Financial Services valued at about $3.92 million, representing roughly 0.09% of the company per its recent SEC filing.
• Several other institutions also added new positions (including Centiva Capital, Pinnacle Associates, Dynamic Technology Lab, Jane Street and Benjamin Edwards), indicating rising institutional interest in IFS.
• Analysts have a consensus of a "Moderate Buy" with an average price target of $48.00; JPMorgan raised its price target to $48 and rates the stock "overweight", though Wall Street Zen recently cut its rating to "hold."

Mirabella Financial Services LLP bought a new position in shares of Intercorp Financial Services Inc. (NYSE:IFS - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 97,281 shares of the company's stock, valued at approximately $3,924,000. Mirabella Financial Services LLP owned 0.09% of Intercorp Financial Services as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IFS. Centiva Capital LP acquired a new stake in shares of Intercorp Financial Services in the third quarter worth $216,000. Pinnacle Associates Ltd. bought a new position in Intercorp Financial Services in the 3rd quarter worth $275,000. Dynamic Technology Lab Private Ltd acquired a new position in Intercorp Financial Services during the 3rd quarter worth $325,000. Jane Street Group LLC bought a new stake in shares of Intercorp Financial Services in the first quarter valued at approximately $287,000. Finally, Benjamin Edwards Inc. acquired a new position in Intercorp Financial Services during the 3rd quarter valued at $431,000.

Intercorp Financial Services Stock Performance

Shares of Intercorp Financial Services stock opened at $46.19 on Tuesday. The firm has a market cap of $5.29 billion, a P/E ratio of 9.58, a price-to-earnings-growth ratio of 0.36 and a beta of 0.83. The firm's 50-day simple moving average is $47.58 and its 200-day simple moving average is $43.35. Intercorp Financial Services Inc. has a twelve month low of $29.09 and a twelve month high of $52.58.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Weiss Ratings restated a "buy (b-)" rating on shares of Intercorp Financial Services in a research report on Monday, December 29th. Wall Street Zen cut Intercorp Financial Services from a "buy" rating to a "hold" rating in a report on Tuesday, March 10th. Finally, JPMorgan Chase & Co. raised their price objective on Intercorp Financial Services from $42.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 16th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Intercorp Financial Services has an average rating of "Moderate Buy" and an average price target of $48.00.

Intercorp Financial Services Profile

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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