Barings LLC Purchases New Shares in Intercorp Financial Services Inc. $IFS

Barings LLC purchased a new stake in Intercorp Financial Services Inc. (NYSE:IFS) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 26,880 shares of the company’s stock, valued at approximately $1,349,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IFS. Caitong International Asset Management Co. Ltd raised its position in Intercorp Financial Services by 106.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the company’s stock worth $32,000 after acquiring an additional 384 shares during the period. Blue Trust Inc. acquired a new stake in shares of Intercorp Financial Services in the fourth quarter valued at about $94,000. DGS Capital Management LLC acquired a new stake in shares of Intercorp Financial Services in the first quarter valued at about $213,000. SG Americas Securities LLC increased its stake 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 worth $225,000 after purchasing an additional 1,599 shares in the last quarter. Finally, Pinnacle Associates Ltd. purchased a new stake in shares of Intercorp Financial Services during the third quarter worth about $275,000.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Intercorp Financial Services from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. JPMorgan Chase & Co. cut Intercorp Financial Services from an “overweight” rating to a “neutral” rating and set a $56.00 price objective on the stock. in a report on Monday, June 15th. Zacks Research upgraded Intercorp Financial Services from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Intercorp Financial Services in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $56.00.

Intercorp Financial Services Trading Down 2.1%

Shares of IFS stock opened at $58.82 on Friday. Intercorp Financial Services Inc. has a fifty-two week low of $35.45 and a fifty-two week high of $61.38. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.08 and a current ratio of 1.08. The stock’s fifty day moving average is $52.96 and its two-hundred day moving average is $49.34. The firm has a market capitalization of $6.53 billion, a P/E ratio of 10.99, a PEG ratio of 0.83 and a beta of 0.78.

Intercorp Financial Services (NYSE:IFS) last released its earnings results on Tuesday, March 31st. The company reported $1.54 earnings per share (EPS) for the quarter. The business had revenue of $508.76 million during the quarter. Intercorp Financial Services had a net margin of 30.53% and a return on equity of 17.49%. Research analysts expect that Intercorp Financial Services Inc. will post 5.97 earnings per share for the current fiscal year.

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.