Intercorp Financial Services Inc. $IFS Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in Intercorp Financial Services Inc. (NYSE:IFS) by 24.4% in the third quarter, Holdings Channel reports. The fund owned 534,609 shares of the company’s stock after buying an additional 104,792 shares during the period. Principal Financial Group Inc.’s holdings in Intercorp Financial Services were worth $21,566,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of IFS. Allianz Asset Management GmbH purchased a new stake in shares of Intercorp Financial Services during the 2nd quarter worth $283,000. Jane Street Group LLC purchased a new position in Intercorp Financial Services in the first quarter valued at $287,000. Benjamin Edwards Inc. acquired a new stake in Intercorp Financial Services in the third quarter valued at $431,000. Y Intercept Hong Kong Ltd purchased a new stake in Intercorp Financial Services during the 2nd quarter worth about $516,000. Finally, Virtus Advisers LLC acquired a new position in shares of Intercorp Financial Services during the 2nd quarter worth about $549,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wall Street Zen lowered Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 15th. JPMorgan Chase & Co. raised their price objective on shares of Intercorp Financial Services from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Intercorp Financial Services in a research report on Monday, December 29th. Two 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, the company has an average rating of “Moderate Buy” and an average target price of $48.00.

Intercorp Financial Services Price Performance

Shares of Intercorp Financial Services stock opened at $51.26 on Friday. The firm’s fifty day simple moving average is $44.28 and its 200-day simple moving average is $41.44. Intercorp Financial Services Inc. has a 12 month low of $29.09 and a 12 month high of $52.58. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 0.41 and a beta of 0.84.

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

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.