Intercorp Financial Services Inc. $IFS Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its stake in shares of Intercorp Financial Services Inc. (NYSE:IFS) by 21.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,666 shares of the company’s stock after selling 12,289 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Intercorp Financial Services were worth $2,242,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd raised its holdings in shares of 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 purchasing an additional 384 shares during the last quarter. Blue Trust Inc. purchased a new position in Intercorp Financial Services in the 4th quarter valued at about $94,000. DGS Capital Management LLC acquired a new stake in shares of Intercorp Financial Services in the first quarter worth approximately $213,000. 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 worth $225,000 after buying an additional 1,599 shares in the last quarter. Finally, Pinnacle Associates Ltd. acquired a new stake in Intercorp Financial Services in the 3rd quarter valued at about $275,000.

Intercorp Financial Services Stock Performance

NYSE IFS opened at $58.10 on Friday. The firm has a market cap of $6.45 billion, a P/E ratio of 10.86, a P/E/G ratio of 0.81 and a beta of 0.78. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.61. The business’s 50-day moving average price is $55.73 and its 200 day moving average price is $50.53. Intercorp Financial Services Inc. has a 52-week low of $35.45 and a 52-week high of $61.38.

Intercorp Financial Services (NYSE:IFS) last released its quarterly earnings results on Tuesday, March 31st. The company reported $1.54 EPS for the quarter. The business 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 expect that Intercorp Financial Services Inc. will post 5.97 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on IFS. Wall Street Zen upgraded Intercorp Financial Services from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercorp Financial Services in a research note on Friday, May 22nd. JPMorgan Chase & Co. cut shares of Intercorp Financial Services from an “overweight” rating to a “neutral” rating and set a $56.00 price target for the company. in a research report on Monday, June 15th. Finally, Zacks Research raised Intercorp Financial Services from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $56.00.

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.