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

Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $37.24 and last traded at $37.22, with a volume of 18656 shares. The stock had previously closed at $36.68.

Analysts Set New Price Targets

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

Intercorp Financial Services Price Performance

The company has a market cap of $4.12 billion, a PE ratio of 11.91, a P/E/G ratio of 0.32 and a beta of 1.15. The business's 50 day moving average is $33.99 and its 200-day moving average is $31.90.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $1.06 EPS 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 firm had revenue of $382.57 million during the quarter, compared to the consensus estimate of $1.35 billion. As a group, sell-side analysts predict that Intercorp Financial Services Inc. will post 4.23 EPS for the current fiscal year.

Intercorp Financial Services Announces Dividend

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

Insider Transactions at Intercorp Financial Services

In related news, major shareholder Peru Ltd Intercorp bought 77,988 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were purchased at an average cost of $19.58 per share, with a total value of $1,527,005.04. Following the transaction, the insider now directly owns 2,589,334 shares of the company's stock, valued at approximately $50,699,159.72. This represents a 3.11% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Institutional Investors Weigh In On Intercorp Financial Services

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