Intercorp Financial Services (NYSE:IFS) Reaches New 1-Year High - Here's Why

Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $38.65 and last traded at $37.71, with a volume of 146214 shares traded. The stock had previously closed at $38.13.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Intercorp Financial Services from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 8th.

Intercorp Financial Services Stock Performance

The firm has a market cap of $4.28 billion, a P/E ratio of 9.97, a PEG ratio of 0.36 and a beta of 1.16. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.65. The company's 50-day moving average is $35.38 and its two-hundred day moving average is $32.53.

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 (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.17. The company had revenue of $382.57 million for the quarter, compared to analysts' expectations of $1.35 billion. Intercorp Financial Services had a return on equity of 15.04% and a net margin of 24.51%. As a group, equities analysts predict that Intercorp Financial Services Inc. will post 4.23 EPS for the current fiscal year.

Insider Buying and Selling at Intercorp Financial Services

In other news, major shareholder Peru Ltd Intercorp acquired 320,237 shares of the firm's stock in a transaction on Wednesday, April 23rd. The stock was purchased at an average price of $19.59 per share, for a total transaction of $6,273,442.83. Following the purchase, the insider owned 2,909,571 shares in the company, valued at approximately $56,998,495.89. This represents a 12.37% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Hedge Funds Weigh In On Intercorp Financial Services

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Employees Retirement System of Texas purchased a new position in Intercorp Financial Services in the fourth quarter worth $1,549,000. FNY Investment Advisers LLC bought a new stake in shares of Intercorp Financial Services during the 1st quarter worth $182,000. Sei Investments Co. purchased a new position in shares of Intercorp Financial Services in the 4th quarter worth about $212,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Intercorp Financial Services during the fourth quarter valued at about $238,000. Finally, Jane Street Group LLC purchased a new stake in Intercorp Financial Services during the first quarter worth about $287,000.

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.