Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 150,200 shares, a drop of 27.4% from the April 30th total of 206,800 shares. Based on an average trading volume of 207,700 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.5% of the company's shares are sold short.
Insider Activity at Intercorp Financial Services
In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp bought 77,988 shares of the business's stock in a transaction dated Monday, March 24th. The shares were acquired at an average price of $19.58 per share, with a total value of $1,527,005.04. Following the transaction, the insider now owns 2,589,334 shares of the company's stock, valued at approximately $50,699,159.72. The trade was a 3.11% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Institutional Trading of Intercorp Financial Services
A number of institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC boosted its stake in shares of Intercorp Financial Services by 93.9% in the first quarter. Acadian Asset Management LLC now owns 864,090 shares of the company's stock valued at $28,593,000 after buying an additional 418,351 shares in the last quarter. Jane Street Group LLC purchased a new stake in Intercorp Financial Services during the first quarter worth $287,000. Goldman Sachs Group Inc. raised its holdings in shares of Intercorp Financial Services by 332.5% in the first quarter. Goldman Sachs Group Inc. now owns 63,962 shares of the company's stock worth $2,119,000 after acquiring an additional 49,173 shares during the last quarter. Ariel Investments LLC raised its holdings in shares of Intercorp Financial Services by 103.6% in the first quarter. Ariel Investments LLC now owns 18,521 shares of the company's stock worth $614,000 after acquiring an additional 9,426 shares during the last quarter. Finally, PDT Partners LLC raised its holdings in shares of Intercorp Financial Services by 114.6% in the first quarter. PDT Partners LLC now owns 52,608 shares of the company's stock worth $1,743,000 after acquiring an additional 28,097 shares during the last quarter.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised Intercorp Financial Services from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 31st.
Get Our Latest Research Report on IFS
Intercorp Financial Services Price Performance
Shares of IFS stock traded up $0.61 during midday trading on Thursday, hitting $35.33. The company had a trading volume of 370,123 shares, compared to its average volume of 150,704. The company's 50 day simple moving average is $33.42 and its 200 day simple moving average is $31.49. Intercorp Financial Services has a 52-week low of $21.40 and a 52-week high of $36.90. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 0.32 and a beta of 1.17.
Intercorp Financial Services (NYSE:IFS - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.17. Intercorp Financial Services had a return on equity of 12.38% and a net margin of 21.03%. The company had revenue of $382.57 million for the quarter, compared to the consensus estimate of $1.35 billion. Analysts anticipate that Intercorp Financial Services will post 4.23 EPS for the current year.
Intercorp Financial Services Dividend Announcement
The firm also recently declared an annual dividend, which was paid on Monday, May 5th. Investors of record on Thursday, April 24th were paid a $1.00 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a dividend yield of 3%. Intercorp Financial Services's dividend payout ratio (DPR) is presently 25.33%.
About Intercorp Financial Services
(
Get Free Report)
Intercorp Financial Services Inc, together with its subsidiaries, offers banking, insurance, wealth management, and payment services for retail and commercial clients in Peru. The company provides loans, credit facilities, deposits, and current accounts; life annuity products with single-premium payment and conventional life insurance products, as well as other retail insurance products; and brokerage and investment management services.
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