Intercorp Financial Services Inc. (NYSE:IFS) Short Interest Down 16.2% in April

Key Points

• Short interest down 16.2% in April to 261,007 shares, leaving a short‑interest ratio of 0.8 days and about 0.2% of shares sold short.
• Intercorp raised its annual dividend to $1.80 per share (ex‑dividend April 24), a jump from $1.00 that the report cites as implying a 401.0% yield and a dividend payout ratio of 35.48%.
• HSBC boosted its stake dramatically in Q1—up 2,364.9% to 387,536 shares (≈$19.45M)—while analyst coverage shows mixed views, with one recent downgrade to Hold but an average rating of "Moderate Buy" and a $48 target.

Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 261,007 shares, a decrease of 16.2% from the March 31st total of 311,525 shares. Based on an average daily trading volume, of 327,296 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the shares of the company are sold short.

Intercorp Financial Services Stock Performance

Intercorp Financial Services stock opened at $44.75 on Friday. Intercorp Financial Services has a one year low of $33.48 and a one year high of $53.00. The company has a market cap of $4.97 billion, a P/E ratio of 9.28, a price-to-earnings-growth ratio of 0.36 and a beta of 0.85. The business has a fifty day moving average of $47.88 and a two-hundred day moving average of $45.05.

Intercorp Financial Services Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, May 5th. Investors of record on Friday, April 24th will be given a dividend of $1.80 per share. The ex-dividend date is Friday, April 24th. This represents a yield of 401.0%. This is a boost from Intercorp Financial Services's previous annual dividend of $1.00. Intercorp Financial Services's dividend payout ratio (DPR) is 35.48%.

Institutional Investors Weigh In On Intercorp Financial Services

A number of hedge funds and other institutional investors have recently modified their holdings of IFS. Hsbc Holdings PLC lifted its stake in shares of Intercorp Financial Services by 2,364.9% during the first quarter. Hsbc Holdings PLC now owns 387,536 shares of the company's stock valued at $19,454,000 after buying an additional 371,814 shares during the period. Channing Global Advisors LLC increased its stake in Intercorp Financial Services by 52.3% in the first quarter. Channing Global Advisors LLC now owns 22,125 shares of the company's stock valued at $1,111,000 after purchasing an additional 7,602 shares during the last quarter. DGS Capital Management LLC purchased a new position in Intercorp Financial Services during the first quarter worth about $213,000. Caitong International Asset Management Co. Ltd boosted its stake in Intercorp Financial Services by 271.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,342 shares of the company's stock worth $57,000 after buying an additional 981 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Intercorp Financial Services by 43.9% in the 4th quarter. Mackenzie Financial Corp now owns 13,158 shares of the company's stock worth $554,000 after buying an additional 4,014 shares during the last quarter.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Intercorp Financial Services from a "buy" rating to a "hold" rating in a report on Tuesday, March 10th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Intercorp Financial Services has an average rating of "Moderate Buy" and an average target price of $48.00.

Intercorp Financial Services Company 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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