Schroder Investment Management Group Buys 48,624 Shares of Intercorp Financial Services Inc. $IFS

Key Points

• Schroder Investment Management Group raised its stake in Intercorp Financial Services (NYSE:IFS) by 9.5% in Q3, buying 48,624 shares to hold 559,411 shares (~0.49%) worth about $22.57 million.
• Several other institutional investors also materially increased positions—most notably Globeflex (+3,477.7% to 365,498 shares), Jane Street (+1,722.7% to 157,794), Marshall Wace (+108.1% to 519,319), Arrowstreet (+91.2% to 502,912) and William Blair (+100.8% to 376,599)—signaling broad hedge-fund accumulation.
• Analysts are generally positive: JPMorgan raised its price target to $48 with an "overweight" rating, the consensus is a Moderate Buy with a $48 average target, and IFS trades at a P/E of 9.31 with a market cap of about $5.14 billion (52‑week range $29.09–$52.58).

Schroder Investment Management Group boosted its stake in Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 9.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 559,411 shares of the company's stock after purchasing an additional 48,624 shares during the quarter. Schroder Investment Management Group owned about 0.49% of Intercorp Financial Services worth $22,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Globeflex Capital L P increased its holdings in shares of Intercorp Financial Services by 3,477.7% in the 2nd quarter. Globeflex Capital L P now owns 365,498 shares of the company's stock worth $13,936,000 after buying an additional 355,282 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Intercorp Financial Services by 108.1% during the 2nd quarter. Marshall Wace LLP now owns 519,319 shares of the company's stock worth $19,802,000 after acquiring an additional 269,712 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Intercorp Financial Services by 91.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 502,912 shares of the company's stock worth $19,176,000 after acquiring an additional 239,920 shares during the last quarter. William Blair Investment Management LLC grew its position in Intercorp Financial Services by 100.8% in the third quarter. William Blair Investment Management LLC now owns 376,599 shares of the company's stock worth $15,192,000 after acquiring an additional 189,065 shares in the last quarter. Finally, Jane Street Group LLC grew its position in Intercorp Financial Services by 1,722.7% in the second quarter. Jane Street Group LLC now owns 157,794 shares of the company's stock worth $6,017,000 after acquiring an additional 149,137 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on IFS shares. Weiss Ratings restated a "buy (b-)" rating on shares of Intercorp Financial Services in a research report on Monday, December 29th. Wall Street Zen lowered Intercorp Financial Services from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. raised their price objective on Intercorp Financial Services from $42.00 to $48.00 and gave the company an "overweight" rating in a report on Tuesday, December 16th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $48.00.

Intercorp Financial Services Stock Performance

IFS stock opened at $44.88 on Friday. The firm has a market cap of $5.14 billion, a P/E ratio of 9.31, a P/E/G ratio of 0.37 and a beta of 0.83. The firm's fifty day moving average is $47.45 and its 200 day moving average is $43.22. Intercorp Financial Services Inc. has a 52 week low of $29.09 and a 52 week high of $52.58.

About Intercorp Financial Services

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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