Intercorp Financial Services (NYSE:IFS) Sets New 1-Year High - What's Next?

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

Wall Street Analysts Forecast Growth

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

Intercorp Financial Services Stock Up 1.4%

The stock has a market cap of $4.34 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 0.36 and a beta of 1.16. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.65. The stock has a fifty day moving average of $35.72 and a two-hundred day moving average of $32.71.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.89 by $0.17. Intercorp Financial Services had a return on equity of 15.04% and a net margin of 24.51%. The business had revenue of $382.57 million for the quarter, compared to analysts' expectations of $1.35 billion. As a group, analysts predict that Intercorp Financial Services Inc. will post 4.23 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Peru Ltd Intercorp acquired 320,237 shares of Intercorp Financial Services stock in a transaction that occurred on Wednesday, April 23rd. The stock was purchased at an average price of $19.59 per share, with a total value of $6,273,442.83. Following the completion of the transaction, the insider owned 2,909,571 shares in the company, valued at approximately $56,998,495.89. This trade represents a 12.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Institutional Trading of Intercorp Financial Services

A number of institutional investors and hedge funds have recently made changes to their positions in IFS. Employees Retirement System of Texas bought a new position in Intercorp Financial Services during the fourth quarter valued at about $155,000. FNY Investment Advisers LLC acquired a new position in shares of Intercorp Financial Services in the 1st quarter worth approximately $182,000. Sei Investments Co. acquired a new position in shares of Intercorp Financial Services in the 4th quarter worth approximately $212,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Intercorp Financial Services in the 4th quarter worth approximately $238,000. Finally, Ariel Investments LLC acquired a new position in shares of Intercorp Financial Services in the 4th quarter worth approximately $267,000.

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.