Intercorp Financial Services (NYSE:IFS) Reaches New 12-Month High - What's Next?

Shares of Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $36.90 and last traded at $36.08, with a volume of 66402 shares. The stock had previously closed at $36.68.

Analyst Ratings Changes

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

Intercorp Financial Services Stock Down 1.6%

The company has a fifty day simple moving average of $33.35 and a two-hundred day simple moving average of $31.37. The stock has a market capitalization of $3.96 billion, a P/E ratio of 11.45, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.17. The company had revenue of $382.57 million during the quarter, compared to analysts' expectations of $1.35 billion. Intercorp Financial Services had a return on equity of 12.38% and a net margin of 21.03%. As a group, equities analysts forecast that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current year.

Intercorp Financial Services Dividend Announcement

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

Insider Transactions at Intercorp Financial Services

In other news, major shareholder Peru Ltd Intercorp acquired 320,237 shares of Intercorp Financial Services stock in a transaction dated Wednesday, April 23rd. The stock was bought at an average cost of $19.59 per share, with a total value of $6,273,442.83. Following the completion of the transaction, the insider now directly owns 2,909,571 shares of the company's stock, valued at approximately $56,998,495.89. This represents a 12.37% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in Intercorp Financial Services by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 17,332 shares of the company's stock worth $509,000 after acquiring an additional 533 shares in the last quarter. Boston Partners raised its holdings in Intercorp Financial Services by 4.0% during the first quarter. Boston Partners now owns 26,917 shares of the company's stock worth $892,000 after acquiring an additional 1,045 shares in the last quarter. R Squared Ltd bought a new stake in Intercorp Financial Services during the fourth quarter worth about $42,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Intercorp Financial Services by 4.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,700 shares of the company's stock worth $2,602,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in Intercorp Financial Services by 13.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 34,500 shares of the company's stock worth $1,012,000 after acquiring an additional 4,100 shares in the last quarter.

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.