Intercorp Financial Services Inc. (NYSE:IFS) Short Interest Down 27.4% in May

Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report) was the recipient of a significant drop in short interest in 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. Approximately 0.5% of the company's stock are short sold.

Insider Activity

In other news, major shareholder Peru Ltd Intercorp bought 77,988 shares of the company's stock in a transaction dated Monday, March 24th. The shares were purchased at an average price of $19.58 per share, for a total transaction of $1,527,005.04. Following the completion of the purchase, the insider now owns 2,589,334 shares in the company, valued at approximately $50,699,159.72. This represents a 3.11% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IFS. Acadian Asset Management LLC lifted its stake in shares of Intercorp Financial Services by 93.9% in the 1st quarter. Acadian Asset Management LLC now owns 864,090 shares of the company's stock worth $28,593,000 after purchasing an additional 418,351 shares during the period. Jane Street Group LLC bought a new stake in shares of Intercorp Financial Services during the 1st quarter valued at $287,000. Goldman Sachs Group Inc. increased its stake in shares of Intercorp Financial Services by 332.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 63,962 shares of the company's stock worth $2,119,000 after purchasing an additional 49,173 shares in the last quarter. Ariel Investments LLC increased its stake in shares of Intercorp Financial Services by 103.6% in the 1st quarter. Ariel Investments LLC now owns 18,521 shares of the company's stock worth $614,000 after purchasing an additional 9,426 shares in the last quarter. Finally, PDT Partners LLC raised its holdings in Intercorp Financial Services by 114.6% in the 1st quarter. PDT Partners LLC now owns 52,608 shares of the company's stock worth $1,743,000 after purchasing an additional 28,097 shares during the period.

Intercorp Financial Services Stock Performance

Shares of NYSE:IFS traded down $0.08 during midday trading on Tuesday, reaching $34.95. 237,246 shares of the company's stock traded hands, compared to its average volume of 147,363. Intercorp Financial Services has a one year low of $21.40 and a one year high of $36.90. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 11.57, a P/E/G ratio of 0.32 and a beta of 1.17. The stock has a 50 day moving average of $33.37 and a 200 day moving average of $31.44.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.17. Intercorp Financial Services had a net margin of 21.03% and a return on equity of 12.38%. The firm had revenue of $382.57 million for the quarter, compared to the consensus estimate of $1.35 billion. Sell-side analysts predict that Intercorp Financial Services will post 4.23 EPS for the current fiscal year.

Intercorp Financial Services Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, May 5th. Investors of record on Thursday, April 24th were issued a $1.00 dividend. This represents a dividend yield of 3%. The ex-dividend date was Wednesday, April 23rd. Intercorp Financial Services's payout ratio is currently 25.33%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Intercorp Financial Services from a "buy" rating to a "strong-buy" rating in a report on Saturday.

Intercorp Financial Services Company Profile

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.