Helikon Investments Ltd Has $1.32 Million Position in Intercorp Financial Services Inc. $IFS

Helikon Investments Ltd trimmed its stake in Intercorp Financial Services Inc. (NYSE:IFS) by 96.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,223 shares of the company’s stock after selling 904,475 shares during the period. Intercorp Financial Services comprises approximately 0.1% of Helikon Investments Ltd’s investment portfolio, making the stock its 16th biggest position. Helikon Investments Ltd’s holdings in Intercorp Financial Services were worth $1,323,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of IFS. Millennium Management LLC increased its position in Intercorp Financial Services by 105.0% during the 3rd quarter. Millennium Management LLC now owns 383,628 shares of the company’s stock valued at $15,476,000 after purchasing an additional 196,452 shares during the period. William Blair Investment Management LLC increased its position in Intercorp Financial Services by 100.8% during the 3rd quarter. William Blair Investment Management LLC now owns 376,599 shares of the company’s stock valued at $15,192,000 after purchasing an additional 189,065 shares during the period. Jane Street Group LLC increased its position in Intercorp Financial Services by 1,722.7% during the 2nd quarter. Jane Street Group LLC now owns 157,794 shares of the company’s stock valued at $6,017,000 after purchasing an additional 149,137 shares during the period. Banco BTG Pactual S.A. increased its position in Intercorp Financial Services by 558.2% during the 3rd quarter. Banco BTG Pactual S.A. now owns 129,674 shares of the company’s stock valued at $5,231,000 after purchasing an additional 109,974 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Intercorp Financial Services by 22.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 589,019 shares of the company’s stock worth $23,761,000 after acquiring an additional 107,290 shares during the period.

Intercorp Financial Services Stock Performance

Shares of IFS opened at $44.87 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.08 and a quick ratio of 1.10. The stock has a 50-day moving average of $47.16 and a 200-day moving average of $45.34. The company has a market cap of $4.98 billion, a PE ratio of 8.39, a P/E/G ratio of 0.69 and a beta of 0.77. Intercorp Financial Services Inc. has a one year low of $34.20 and a one year high of $53.00.

Intercorp Financial Services (NYSE:IFS) last issued its earnings results on Tuesday, March 31st. The company reported $1.54 EPS for the quarter. The company had revenue of $508.76 million during the quarter. Intercorp Financial Services had a return on equity of 17.49% and a net margin of 30.53%. On average, equities research analysts predict that Intercorp Financial Services Inc. will post 5.43 EPS for the current fiscal year.

Intercorp Financial Services Increases Dividend

The firm also recently declared an annual dividend, which was paid on Tuesday, May 5th. Investors of record on Friday, April 24th were given a $1.80 dividend. This represents a yield of 401.0%. The ex-dividend date of this dividend was Friday, April 24th. This is an increase from Intercorp Financial Services’s previous annual dividend of $1.00. Intercorp Financial Services’s payout ratio is 31.96%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IFS. Zacks Research upgraded Intercorp Financial Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Wall Street Zen upgraded Intercorp Financial Services from a “hold” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $48.00.

Intercorp Financial Services Profile

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.