Campbell & CO Investment Adviser LLC Lowers Stock Holdings in Intercorp Financial Services Inc. $IFS

Campbell & CO Investment Adviser LLC cut its holdings in shares of Intercorp Financial Services Inc. (NYSE:IFS) by 66.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,635 shares of the company’s stock after selling 16,751 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Intercorp Financial Services were worth $348,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Allianz Asset Management GmbH acquired a new position in shares of Intercorp Financial Services in the second quarter valued at approximately $283,000. Y Intercept Hong Kong Ltd acquired a new stake in Intercorp Financial Services during the 2nd quarter worth approximately $516,000. Arrowstreet Capital Limited Partnership boosted its position in Intercorp Financial Services by 91.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 502,912 shares of the company’s stock valued at $19,176,000 after buying an additional 239,920 shares during the period. Fourth Sail Capital LP grew its stake in shares of Intercorp Financial Services by 78.0% in the second quarter. Fourth Sail Capital LP now owns 458,974 shares of the company’s stock worth $17,501,000 after acquiring an additional 201,100 shares in the last quarter. Finally, Globeflex Capital L P grew its stake in shares of Intercorp Financial Services by 3,477.7% in the second quarter. Globeflex Capital L P now owns 365,498 shares of the company’s stock worth $13,936,000 after acquiring an additional 355,282 shares in the last quarter.

Intercorp Financial Services Stock Down 0.9%

IFS opened at $47.05 on Friday. Intercorp Financial Services Inc. has a 52 week low of $28.90 and a 52 week high of $48.00. The business’s 50 day moving average is $42.29 and its two-hundred day moving average is $40.53. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 9.97, a price-to-earnings-growth ratio of 0.38 and a beta of 0.84.

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

Analyst Ratings Changes

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their price objective 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. Zacks Research downgraded Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Wall Street Zen cut Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Intercorp Financial Services in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Intercorp Financial Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.

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.