Point Nemo Capital LLC Makes New $1.45 Million Investment in Intercorp Financial Services Inc. $IFS

Key Points

• Point Nemo Capital LLC opened a new position in Intercorp Financial Services, acquiring 26,575 shares worth approximately $1.45 million in the third quarter.
• Analyst sentiment is mixed but overall Hold: MarketBeat reports one Buy and two Hold ratings, with a consensus price target of $62.
• In its latest reported quarter, IFS earned $1.53 per share, beating the $1.45 estimate, while revenue of $493.38 million fell short of the $520.46 million consensus.

Point Nemo Capital LLC acquired a new stake in shares of Intercorp Financial Services Inc. (NYSE:IFS - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 26,575 shares of the company's stock, valued at approximately $1,445,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Intercorp Financial Services during the 3rd quarter worth about $313,000. Fortitude Family Office LLC acquired a new stake in shares of Intercorp Financial Services during the 3rd quarter valued at about $25,000. Farther Finance Advisors LLC bought a new stake in shares of Intercorp Financial Services in the 3rd quarter valued at approximately $30,000. Artemis Investment Management LLP bought a new stake in shares of Intercorp Financial Services in the 3rd quarter valued at approximately $283,000. Finally, Tidal Investments LLC grew its stake in shares of Intercorp Financial Services by 1.8% in the 2nd quarter. Tidal Investments LLC now owns 17,022 shares of the company's stock valued at $970,000 after buying an additional 296 shares in the last quarter.

Analyst Ratings Changes

IFS has been the topic of a number of research reports. Wall Street Zen downgraded Intercorp Financial Services from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. JPMorgan Chase & Co. lifted their target price 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, August 27th. Weiss Ratings cut shares of Intercorp Financial Services from a "buy (b+)" rating to a "buy (b)" rating in a research note on Friday, October 30th. Finally, Zacks Research downgraded shares of Intercorp Financial Services from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 27th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $62.00.

Intercorp Financial Services Trading Down 1.1%

Intercorp Financial Services stock opened at $46.80 on Friday. Intercorp Financial Services Inc. has a one year low of $38.29 and a one year high of $61.38. The company's fifty day moving average price is $53.27 and its two-hundred day moving average price is $51.88. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.10 and a quick ratio of 1.08. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 8.56, a PEG ratio of 0.61 and a beta of 0.70.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.08. The company had revenue of $493.38 million during the quarter, compared to the consensus estimate of $520.46 million. Intercorp Financial Services had a return on equity of 17.06% and a net margin of 34.81%. On average, analysts forecast that Intercorp Financial Services Inc. will post 6.11 earnings per share for the current fiscal year.

Intercorp Financial Services Company Profile

Intercorp Financial Services Inc NYSE: IFS is a Peru-based financial services holding company that provides banking, insurance, investment, and payment services primarily in Peru. The company serves individuals, businesses, and institutional customers through a portfolio of financial businesses operating under the Intercorp platform.

Its principal banking operations are conducted through Interbank, which offers consumer and commercial banking products such as deposits, loans, credit cards, mortgages, payments, and other financial services.

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