WINTON GROUP Ltd Buys Shares of 10,300 Intercorp Financial Services Inc. $IFS

WINTON GROUP Ltd purchased a new stake in Intercorp Financial Services Inc. (NYSE:IFS) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 10,300 shares of the company’s stock, valued at approximately $587,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. William Blair Investment Management LLC raised its holdings in shares of Intercorp Financial Services by 18.7% during the 4th quarter. William Blair Investment Management LLC now owns 446,887 shares of the company’s stock worth $18,930,000 after buying an additional 70,288 shares in the last quarter. Globeflex Capital L P boosted its stake in Intercorp Financial Services by 17.5% in the fourth quarter. Globeflex Capital L P now owns 429,545 shares of the company’s stock valued at $18,196,000 after buying an additional 64,047 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Intercorp Financial Services by 2,364.9% in the first quarter. Hsbc Holdings PLC now owns 387,536 shares of the company’s stock valued at $19,454,000 after buying an additional 371,814 shares in the last quarter. BNP Paribas Financial Markets grew its position in Intercorp Financial Services by 12.8% in the fourth quarter. BNP Paribas Financial Markets now owns 200,942 shares of the company’s stock valued at $8,512,000 after acquiring an additional 22,879 shares during the last quarter. Finally, Lazard Asset Management LLC grew its position in Intercorp Financial Services by 3.2% in the first quarter. Lazard Asset Management LLC now owns 171,339 shares of the company’s stock valued at $8,601,000 after acquiring an additional 5,328 shares during the last quarter.

Analyst Upgrades and Downgrades

IFS has been the subject of several research analyst reports. Zacks Research raised Intercorp Financial Services from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. raised their price target on shares of Intercorp Financial Services from $56.00 to $62.00 and gave the company a “neutral” rating in a research note on Thursday, August 27th. Wall Street Zen lowered shares of Intercorp Financial Services from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Intercorp Financial Services in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $62.00.

Intercorp Financial Services Trading Down 0.8%

Shares of IFS stock opened at $54.25 on Wednesday. The firm has a market capitalization of $6.03 billion, a P/E ratio of 9.92, a P/E/G ratio of 0.71 and a beta of 0.78. Intercorp Financial Services Inc. has a twelve month low of $38.29 and a twelve month high of $61.38. The company has a quick ratio of 1.08, a current ratio of 1.10 and a debt-to-equity ratio of 0.59. The stock’s fifty day simple moving average is $56.87 and its 200 day simple moving average is $52.14.

Intercorp Financial Services (NYSE:IFS) last posted its earnings results on Tuesday, August 11th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.45 by $0.08. The firm had revenue of $493.38 million during the quarter, compared to the consensus estimate of $520.46 million. Intercorp Financial Services had a return on equity of 17.06% and a net margin of 34.81%. As a group, sell-side analysts predict that Intercorp Financial Services Inc. will post 6.11 EPS for the current fiscal year.

Intercorp Financial Services Profile

Intercorp Financial Services Inc (NYSE: IFS) is a Peru-based financial services holding company that provides banking, insurance, wealth management and payment solutions. Through its subsidiaries, the company serves individuals, businesses and institutional clients across Peru.

Its principal banking business is conducted through Banco Internacional del Perú, commonly known as Interbank, which offers consumer and commercial banking products such as deposits, loans, credit cards, payment services and digital banking.