Intercorp Financial Services Inc. (NYSE:IFS) Short Interest Update

Intercorp Financial Services Inc. (NYSE:IFS) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 103,189 shares, a growth of 39.1% from the December 15th total of 74,186 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 164,726 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 164,726 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the company’s stock are short sold.

Insider Buying and Selling

In other news, major shareholder Peru Ltd Intercorp bought 7,125 shares of the firm’s stock in a transaction dated Tuesday, October 21st. The stock was bought at an average price of $19.65 per share, for a total transaction of $140,006.25. Following the transaction, the insider owned 3,100,737 shares in the company, valued at $60,929,482.05. The trade was a 0.23% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Institutional Investors Weigh In On Intercorp Financial Services

Institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. acquired a new position in Intercorp Financial Services in the fourth quarter worth approximately $94,000. Centiva Capital LP purchased a new stake in shares of Intercorp Financial Services in the 3rd quarter valued at approximately $216,000. SG Americas Securities LLC grew its holdings in shares of Intercorp Financial Services by 43.1% during the fourth quarter. SG Americas Securities LLC now owns 5,308 shares of the company’s stock valued at $225,000 after buying an additional 1,599 shares in the last quarter. Pinnacle Associates Ltd. purchased a new stake in shares of Intercorp Financial Services in the third quarter worth approximately $275,000. Finally, Allianz Asset Management GmbH purchased a new position in shares of Intercorp Financial Services during the 2nd quarter valued at $283,000.

Analyst Ratings Changes

Several brokerages recently issued reports on IFS. Wall Street Zen cut Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intercorp Financial Services in a report on Monday, December 29th. JPMorgan Chase & Co. increased their price objective on shares of Intercorp Financial Services from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 16th. Finally, Zacks Research downgraded Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $48.00.

Intercorp Financial Services Price Performance

Shares of NYSE IFS traded up $0.01 during midday trading on Friday, hitting $45.01. 117,946 shares of the company’s stock were exchanged, compared to its average volume of 148,469. Intercorp Financial Services has a twelve month low of $28.74 and a twelve month high of $45.99. The firm has a market cap of $5.15 billion, a P/E ratio of 9.54, a PEG ratio of 0.34 and a beta of 0.84. The stock’s 50 day moving average price is $41.68 and its 200-day moving average price is $40.22.

Intercorp Financial Services (NYSE:IFS) last posted its earnings results on Friday, November 7th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.04). Intercorp Financial Services had a net margin of 28.41% and a return on equity of 17.27%. The business had revenue of $452.42 million during the quarter, compared to analyst estimates of $441.08 million. On average, analysts expect that Intercorp Financial Services will post 4.23 EPS for the current fiscal year.

About Intercorp Financial Services

Intercorp Financial Services (NYSE:IFS) is a Lima-based financial holding company that brings together a suite of banking and non-banking financial businesses under the Intercorp Group umbrella. Through its network of subsidiaries, the company provides a broad range of products and services designed to meet the needs of individual consumers, small and medium-sized enterprises, and large corporations across Peru.

The company’s core banking operations are conducted through Interbank, which offers deposit accounts, personal and business loans, credit and debit cards, trade finance and electronic banking solutions.