Intercorp Financial Services (NYSE:IFS) Lowered to Hold Rating by Wall Street Zen

Intercorp Financial Services (NYSE:IFS) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

A number of other analysts also recently commented on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intercorp Financial Services in a research report on Monday, December 29th. JPMorgan Chase & Co. upped 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. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Intercorp Financial Services has a consensus rating of “Moderate Buy” and a consensus price target of $48.00.

Intercorp Financial Services Stock Performance

NYSE:IFS opened at $50.37 on Friday. Intercorp Financial Services has a 52 week low of $29.09 and a 52 week high of $52.58. The firm has a 50-day moving average price of $46.06 and a two-hundred day moving average price of $42.38. The firm has a market cap of $5.76 billion, a price-to-earnings ratio of 10.45, a price-to-earnings-growth ratio of 0.40 and a beta of 0.84.

Institutional Trading of Intercorp Financial Services

Several hedge funds have recently made changes to their positions in IFS. Globeflex Capital L P lifted its position in shares of Intercorp Financial Services by 3,477.7% during the 2nd quarter. Globeflex Capital L P now owns 365,498 shares of the company’s stock valued at $13,936,000 after buying an additional 355,282 shares during the last quarter. Marshall Wace LLP raised its stake in Intercorp Financial Services by 108.1% in the 2nd quarter. Marshall Wace LLP now owns 519,319 shares of the company’s stock valued at $19,802,000 after acquiring an additional 269,712 shares during the period. Millennium Management LLC raised its stake in Intercorp Financial Services by 66.7% in the 4th quarter. Millennium Management LLC now owns 639,381 shares of the company’s stock valued at $27,084,000 after acquiring an additional 255,753 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Intercorp Financial Services by 91.2% during the second 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 last quarter. Finally, Fourth Sail Capital LP boosted its position in Intercorp Financial Services by 78.0% during the second 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 period.

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.