Weiss Ratings Reaffirms Buy (B) Rating for Intercorp Financial Services (NYSE:IFS)

Intercorp Financial Services (NYSE:IFS - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other equities analysts have also weighed in on the stock. Wall Street Zen raised shares of Intercorp Financial Services from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 16th. Zacks Research raised shares of Intercorp Financial Services from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat, Intercorp Financial Services has a consensus rating of "Strong Buy".

Intercorp Financial Services Price Performance

Shares of IFS opened at $40.29 on Wednesday. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 8.95, a P/E/G ratio of 0.36 and a beta of 1.14. Intercorp Financial Services has a fifty-two week low of $25.77 and a fifty-two week high of $42.21. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.12 and a quick ratio of 1.12. The business's 50-day moving average is $39.58 and its 200-day moving average is $36.45.

Insider Buying and Selling

In related news, major shareholder Peru Ltd Intercorp purchased 20,113 shares of the stock in a transaction on Wednesday, September 24th. The shares were bought at an average price of $19.64 per share, for a total transaction of $395,019.32. Following the completion of the acquisition, the insider directly owned 3,093,612 shares in the company, valued at approximately $60,758,539.68. This trade represents a 0.65% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hedge Funds Weigh In On Intercorp Financial Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Helikon Investments Ltd grew its holdings 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 last quarter. Acadian Asset Management LLC grew its holdings in Intercorp Financial Services by 14.1% during the second quarter. Acadian Asset Management LLC now owns 986,309 shares of the company's stock valued at $37,566,000 after purchasing an additional 122,219 shares during the last quarter. Marshall Wace LLP grew its holdings in Intercorp Financial Services by 108.1% during the second quarter. Marshall Wace LLP now owns 519,319 shares of the company's stock valued at $19,802,000 after purchasing an additional 269,712 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Intercorp Financial Services by 91.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 502,912 shares of the company's stock valued at $19,176,000 after acquiring an additional 239,920 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Intercorp Financial Services by 31.2% in the second quarter. JPMorgan Chase & Co. now owns 481,729 shares of the company's stock valued at $18,368,000 after acquiring an additional 114,443 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.