Intercorp Financial Services (NYSE:IFS) Reaches New 1-Year High - Still a Buy?

Shares of Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report) reached a new 52-week high 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 research note on Sunday.

Intercorp Financial Services Trading Up 0.9%

The firm has a market capitalization of $4.23 billion, a P/E ratio of 12.25, a P/E/G ratio of 0.32 and a beta of 1.15. The company has a 50 day simple moving average of $33.87 and a two-hundred day simple moving average of $31.79.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.17. The firm had revenue of $382.57 million during the quarter, compared to the consensus estimate of $1.35 billion. Intercorp Financial Services had a return on equity of 12.38% and a net margin of 21.03%. On average, sell-side analysts expect that Intercorp Financial Services Inc. will post 4.23 EPS for the current fiscal year.

Intercorp Financial Services Dividend Announcement

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

Insider Activity

In other news, major shareholder Peru Ltd Intercorp bought 320,237 shares of the stock in a transaction dated Wednesday, April 23rd. The stock was purchased at an average cost of $19.59 per share, for a total transaction 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. The trade was a 12.37% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Institutional Trading of Intercorp Financial Services

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in Intercorp Financial Services by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 17,332 shares of the company's stock valued at $509,000 after buying an additional 533 shares during the period. Boston Partners raised its holdings in Intercorp Financial Services by 4.0% during the 1st quarter. Boston Partners now owns 26,917 shares of the company's stock valued at $892,000 after buying an additional 1,045 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Intercorp Financial Services by 4.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,700 shares of the company's stock valued at $2,602,000 after buying an additional 3,500 shares during the period. Pictet Asset Management Holding SA raised its holdings in Intercorp Financial Services by 13.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 34,500 shares of the company's stock valued at $1,012,000 after buying an additional 4,100 shares during the period. Finally, Employees Retirement System of Texas purchased a new stake in Intercorp Financial Services during the 4th quarter valued at $1,549,000.

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.