Wall Street Zen downgraded shares of Intercorp Financial Services (NYSE:IFS - Free Report) from a strong-buy rating to a buy rating in a report issued on Sunday.
Intercorp Financial Services Trading Up 3.2%
Shares of NYSE IFS traded up $1.13 during midday trading on Friday, hitting $36.60. The company's stock had a trading volume of 616,503 shares, compared to its average volume of 155,078. The stock has a fifty day moving average price of $33.72 and a 200 day moving average price of $31.73. Intercorp Financial Services has a one year low of $21.40 and a one year high of $36.90. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 12.12, a P/E/G ratio of 0.32 and a beta of 1.15.
Intercorp Financial Services (NYSE:IFS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.89 by $0.17. The company had revenue of $382.57 million during the quarter, compared to analysts' expectations of $1.35 billion. Intercorp Financial Services had a net margin of 21.03% and a return on equity of 12.38%. On average, equities research analysts predict that Intercorp Financial Services will post 4.23 earnings per share for the current fiscal year.
Intercorp Financial Services Dividend Announcement
The business also recently declared an annual dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, April 24th were paid a $1.00 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a yield of 3%. Intercorp Financial Services's dividend payout ratio is presently 25.33%.
Insider Transactions at Intercorp Financial Services
In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp acquired 77,988 shares of the stock in a transaction dated Monday, March 24th. The stock was purchased at an average cost of $19.58 per share, for a total transaction of $1,527,005.04. Following the acquisition, the insider now owns 2,589,334 shares in the company, valued at $50,699,159.72. The trade was a 3.11% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Institutional Investors Weigh In On Intercorp Financial Services
A number of hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC raised its holdings in Intercorp Financial Services by 93.9% during the 1st quarter. Acadian Asset Management LLC now owns 864,090 shares of the company's stock valued at $28,593,000 after buying an additional 418,351 shares during the last quarter. Jane Street Group LLC bought a new stake in Intercorp Financial Services during the 1st quarter valued at $287,000. Goldman Sachs Group Inc. raised its holdings in Intercorp Financial Services by 332.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 63,962 shares of the company's stock worth $2,119,000 after purchasing an additional 49,173 shares in the last quarter. Ariel Investments LLC raised its holdings in Intercorp Financial Services by 103.6% in the 1st quarter. Ariel Investments LLC now owns 18,521 shares of the company's stock worth $614,000 after purchasing an additional 9,426 shares in the last quarter. Finally, PDT Partners LLC raised its holdings in Intercorp Financial Services by 114.6% in the 1st quarter. PDT Partners LLC now owns 52,608 shares of the company's stock worth $1,743,000 after purchasing an additional 28,097 shares in the last quarter.
About Intercorp Financial Services
(
Get Free Report)
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.
Further Reading
Before you consider Intercorp Financial Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intercorp Financial Services wasn't on the list.
While Intercorp Financial Services currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
