Intercorp Financial Services (NYSE:IFS) Rating Increased to Strong-Buy at Wall Street Zen

Intercorp Financial Services (NYSE:IFS - Get Free Report) was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report issued on Saturday.

Intercorp Financial Services Stock Down 0.1%

Shares of NYSE:IFS traded down $0.05 during midday trading on Friday, reaching $34.76. The company's stock had a trading volume of 444,783 shares, compared to its average volume of 149,409. The firm has a 50 day moving average of $33.42 and a 200-day moving average of $31.49. The firm has a market capitalization of $3.98 billion, a P/E ratio of 11.51, a PEG ratio of 0.32 and a beta of 1.17. Intercorp Financial Services has a 12-month low of $21.40 and a 12-month high of $36.90.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $1.06 earnings per share for the quarter, topping 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 business had revenue of $382.57 million for the quarter, compared to analysts' expectations of $1.35 billion. On average, research analysts predict that Intercorp Financial Services will post 4.23 EPS for the current year.

Insider Buying and Selling at Intercorp Financial Services

In other news, major shareholder Peru Ltd Intercorp acquired 320,237 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The shares were bought at an average cost of $19.59 per share, with a total value of $6,273,442.83. Following the transaction, the insider now owns 2,909,571 shares of the company's stock, valued at $56,998,495.89. This trade represents a 12.37% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IFS. Helikon Investments Ltd grew its holdings in shares of Intercorp Financial Services by 21.9% during the first quarter. Helikon Investments Ltd now owns 1,188,211 shares of the company's stock valued at $39,365,000 after buying an additional 213,392 shares during the last quarter. Acadian Asset Management LLC raised its holdings in 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 acquiring an additional 418,351 shares during the last quarter. Millennium Management LLC lifted its position in Intercorp Financial Services by 2,109.3% in the 4th quarter. Millennium Management LLC now owns 556,972 shares of the company's stock valued at $16,342,000 after acquiring an additional 531,762 shares in the last quarter. Principal Financial Group Inc. lifted its position in Intercorp Financial Services by 4.0% in the 1st quarter. Principal Financial Group Inc. now owns 396,356 shares of the company's stock valued at $13,131,000 after acquiring an additional 15,087 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its stake in Intercorp Financial Services by 15.5% during the 1st quarter. Lord Abbett & CO. LLC now owns 323,666 shares of the company's stock valued at $10,723,000 after purchasing an additional 43,535 shares during the last quarter.

About Intercorp Financial Services

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.