Intercorp Financial Services (NYSE:IFS) Shares Down 0.2% – Should You Sell?

Intercorp Financial Services Inc. (NYSE:IFS)’s stock price traded down 0.2% on Tuesday . The company traded as low as $42.51 and last traded at $42.6340. 299,230 shares were traded during mid-day trading, an increase of 67% from the average session volume of 179,163 shares. The stock had previously closed at $42.74.

Analyst Ratings Changes

Several research analysts recently commented on the company. 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 restated a “buy (b-)” rating on shares of Intercorp Financial Services in a report on Monday, December 29th. JPMorgan Chase & Co. increased their target price on Intercorp Financial Services from $42.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Finally, Zacks Research downgraded shares of Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Two 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 stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.00.

Intercorp Financial Services Stock Down 0.2%

The company has a 50 day simple moving average of $41.37 and a 200-day simple moving average of $39.82. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 0.32 and a beta of 0.84.

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

Insiders Place Their Bets

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp bought 7,125 shares of the company’s stock in a transaction on Tuesday, October 21st. The shares were bought at an average cost of $19.65 per share, with a total value of $140,006.25. Following the completion of the acquisition, the insider owned 3,100,737 shares of the company’s stock, valued at approximately $60,929,482.05. This trade represents a 0.23% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Investors Weigh In On Intercorp Financial Services

A number of institutional investors have recently modified their holdings of IFS. Allianz Asset Management GmbH bought a new stake in Intercorp Financial Services in the second quarter valued at $283,000. Acadian Asset Management LLC increased its holdings in shares of Intercorp Financial Services by 93.9% in the 1st quarter. Acadian Asset Management LLC now owns 864,090 shares of the company’s stock worth $28,593,000 after acquiring an additional 418,351 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Intercorp Financial Services in the 2nd quarter valued at about $516,000. Arrowstreet Capital Limited Partnership boosted its stake in Intercorp Financial Services by 91.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 502,912 shares of the company’s stock valued at $19,176,000 after purchasing an additional 239,920 shares during the period. Finally, Fourth Sail Capital LP grew its position in Intercorp Financial Services by 78.0% in the 2nd quarter. Fourth Sail Capital LP now owns 458,974 shares of the company’s stock worth $17,501,000 after purchasing an additional 201,100 shares during the last quarter.

Intercorp Financial Services Company 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.