Intercorp Financial Services (NYSE:IFS) Stock Rating Lowered by Wall Street Zen

Intercorp Financial Services (NYSE:IFS - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Sunday.

Intercorp Financial Services Price Performance

NYSE:IFS opened at $36.26 on Friday. Intercorp Financial Services has a one year low of $21.40 and a one year high of $36.90. The company's 50-day simple moving average is $33.52 and its 200 day simple moving average is $31.61. The firm has a market capitalization of $4.15 billion, a P/E ratio of 12.01, a PEG ratio of 0.32 and a beta of 1.17.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.17. The firm had revenue of $382.57 million for the quarter, compared to the consensus estimate 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 expect that Intercorp Financial Services will post 4.23 earnings per share for the current fiscal year.

Insider Transactions at Intercorp Financial Services

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Helikon Investments Ltd lifted its position in Intercorp Financial Services by 21.9% during the first quarter. Helikon Investments Ltd now owns 1,188,211 shares of the company's stock valued at $39,365,000 after purchasing an additional 213,392 shares during the period. Acadian Asset Management LLC lifted its position in Intercorp Financial Services by 93.9% during the first quarter. Acadian Asset Management LLC now owns 864,090 shares of the company's stock valued at $28,593,000 after purchasing an additional 418,351 shares during the period. Millennium Management LLC lifted its position in Intercorp Financial Services by 2,109.3% during the fourth quarter. Millennium Management LLC now owns 556,972 shares of the company's stock valued at $16,342,000 after purchasing an additional 531,762 shares during the period. Principal Financial Group Inc. lifted its position in Intercorp Financial Services by 4.0% during the first quarter. Principal Financial Group Inc. now owns 396,356 shares of the company's stock valued at $13,131,000 after purchasing an additional 15,087 shares during the period. Finally, Lord Abbett & CO. LLC lifted its position in Intercorp Financial Services by 15.5% during the first quarter. Lord Abbett & CO. LLC now owns 323,666 shares of the company's stock valued at $10,723,000 after purchasing an additional 43,535 shares during the period.

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.

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