Nipun Capital L.P. Invests $1.13 Million in Intercorp Financial Services Inc. $IFS

Key Points

• Nipun Capital acquired 19,900 shares of Intercorp Financial Services valued at approximately $1.13 million, making IFS its eighth-largest holding and representing about 0.5% of its portfolio.
• Several other institutional investors also increased or initiated positions in IFS, while the stock traded near its 52-week high at $58.71 and had a market capitalization of roughly $6.52 billion.
• Intercorp Financial Services reported quarterly EPS of $1.54 on $508.76 million in revenue, with a 30.53% net margin and 17.49% return on equity. Analyst sentiment was broadly positive, with an average “Buy” rating, although JPMorgan downgraded the stock to “Neutral.”

Nipun Capital L.P. acquired a new position in shares of Intercorp Financial Services Inc. (NYSE:IFS - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 19,900 shares of the company's stock, valued at approximately $1,134,000. Intercorp Financial Services comprises about 0.5% of Nipun Capital L.P.'s investment portfolio, making the stock its 8th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IFS. Caitong International Asset Management Co. Ltd increased its position in Intercorp Financial Services by 106.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the company's stock worth $32,000 after buying an additional 384 shares in the last quarter. DGS Capital Management LLC purchased a new stake in shares of Intercorp Financial Services in the first quarter valued at $213,000. SG Americas Securities LLC lifted its position in shares of Intercorp Financial Services by 43.1% in the fourth quarter. SG Americas Securities LLC now owns 5,308 shares of the company's stock valued at $225,000 after acquiring an additional 1,599 shares in the last quarter. Pinnacle Associates Ltd. purchased a new stake in shares of Intercorp Financial Services in the third quarter valued at $275,000. Finally, Jane Street Group LLC acquired a new stake in shares of Intercorp Financial Services during the first quarter valued at $287,000.

Intercorp Financial Services Stock Performance

NYSE IFS opened at $58.71 on Friday. Intercorp Financial Services Inc. has a 1-year low of $37.22 and a 1-year high of $61.38. The business's 50-day simple moving average is $56.70 and its 200-day simple moving average is $51.02. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $6.52 billion, a P/E ratio of 10.97, a P/E/G ratio of 0.81 and a beta of 0.81.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $1.54 earnings per share for the quarter. Intercorp Financial Services had a net margin of 30.53% and a return on equity of 17.49%. The firm had revenue of $508.76 million for the quarter. Equities analysts predict that Intercorp Financial Services Inc. will post 5.97 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on IFS shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Intercorp Financial Services in a research report on Friday, May 22nd. Zacks Research upgraded shares of Intercorp Financial Services from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 9th. Wall Street Zen raised shares of Intercorp Financial Services from a "hold" rating to a "buy" rating in a research note on Saturday, May 16th. Finally, JPMorgan Chase & Co. downgraded shares of Intercorp Financial Services from an "overweight" rating to a "neutral" rating and set a $56.00 price target for the company. in a report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $56.00.

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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