Intercorp Financial Services (NYSE:IFS) Upgraded at Wall Street Zen

Key Points

• Intercorp Financial Services' rating has been upgraded from "buy" to "strong-buy" by Wall Street Zen, indicating increased analyst confidence.
• The company's shares have experienced a slight decline of 0.1% and are currently priced at $38.68, with a market capitalization of $4.43 billion.
• Notable insider trading occurred when major shareholder Peru Ltd Intercorp purchased 17,803 shares at an average price of $19.66 per share, increasing their ownership stake.

Wall Street Zen upgraded shares of Intercorp Financial Services (NYSE:IFS - Free Report) from a buy rating to a strong-buy rating in a research report released on Saturday morning.

Intercorp Financial Services Stock Performance

NYSE IFS traded down $0.0420 during trading on Friday, hitting $38.3480. 1,198 shares of the company's stock traded hands, compared to its average volume of 210,978. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 8.51, a PEG ratio of 0.36 and a beta of 1.15. Intercorp Financial Services has a 12-month low of $23.53 and a 12-month high of $40.24. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.12 and a current ratio of 1.12. The business has a 50 day moving average of $37.00 and a 200-day moving average of $34.48.

Insider Buying and Selling

In related news, major shareholder Peru Ltd Intercorp bought 17,803 shares of the business's stock in a transaction on Tuesday, July 22nd. The stock was acquired at an average price of $19.66 per share, for a total transaction of $350,006.98. Following the purchase, the insider directly owned 2,946,766 shares in the company, valued at $57,933,419.56. This trade represents a 0.61% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Trading of Intercorp Financial Services

A number of large investors have recently modified their holdings of the business. Lazard Asset Management LLC boosted its position in shares of Intercorp Financial Services by 40.6% during the 2nd quarter. Lazard Asset Management LLC now owns 119,730 shares of the company's stock valued at $4,565,000 after acquiring an additional 34,565 shares during the last quarter. HRT Financial LP boosted its position in shares of Intercorp Financial Services by 333.4% during the 2nd quarter. HRT Financial LP now owns 103,657 shares of the company's stock valued at $3,952,000 after acquiring an additional 79,738 shares during the last quarter. Engineers Gate Manager LP boosted its position in shares of Intercorp Financial Services by 251.2% during the 2nd quarter. Engineers Gate Manager LP now owns 64,270 shares of the company's stock valued at $2,451,000 after acquiring an additional 45,968 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Intercorp Financial Services by 111.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 152,304 shares of the company's stock valued at $5,807,000 after acquiring an additional 80,166 shares during the last quarter. Finally, PDT Partners LLC boosted its position in shares of Intercorp Financial Services by 55.3% during the 2nd quarter. PDT Partners LLC now owns 81,712 shares of the company's stock valued at $3,116,000 after acquiring an additional 29,104 shares during 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.