Intercorp Financial Services Inc. $IFS is Globeflex Capital L P’s Largest Position

Globeflex Capital L P lifted its position in Intercorp Financial Services Inc. (NYSE:IFS) by 17.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 429,545 shares of the company’s stock after purchasing an additional 64,047 shares during the quarter. Intercorp Financial Services comprises about 2.8% of Globeflex Capital L P’s holdings, making the stock its biggest holding. Globeflex Capital L P owned approximately 0.38% of Intercorp Financial Services worth $18,196,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of Intercorp Financial Services by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 23,608 shares of the company’s stock valued at $1,000,000 after purchasing an additional 1,274 shares during the period. SG Americas Securities LLC grew its holdings in shares of Intercorp Financial Services by 43.1% in the fourth quarter. SG Americas Securities LLC now owns 5,308 shares of the company’s stock valued at $225,000 after purchasing an additional 1,599 shares during the period. Blue Trust Inc. purchased a new stake in shares of Intercorp Financial Services in the fourth quarter valued at about $94,000. Employees Retirement System of Texas grew its holdings in shares of Intercorp Financial Services by 47.6% in the fourth quarter. Employees Retirement System of Texas now owns 9,761 shares of the company’s stock valued at $413,000 after purchasing an additional 3,149 shares during the period. Finally, Boston Partners grew its holdings in shares of Intercorp Financial Services by 14.4% in the third quarter. Boston Partners now owns 25,508 shares of the company’s stock valued at $1,029,000 after purchasing an additional 3,210 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on IFS. Wall Street Zen raised shares of Intercorp Financial Services from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. upped their target price on shares of Intercorp Financial Services from $48.00 to $56.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. Zacks Research raised shares of Intercorp Financial Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercorp Financial Services in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $56.00.

Intercorp Financial Services Stock Down 1.4%

Shares of IFS opened at $48.39 on Friday. The stock has a market capitalization of $5.38 billion, a PE ratio of 9.05, a P/E/G ratio of 0.70 and a beta of 0.80. Intercorp Financial Services Inc. has a 1 year low of $34.76 and a 1 year high of $53.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.08 and a current ratio of 1.08. The company’s 50-day simple moving average is $47.92 and its 200-day simple moving average is $46.06.

Intercorp Financial Services (NYSE:IFS) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $1.54 earnings per share (EPS) for the quarter. The business had revenue of $508.76 million for the quarter. Intercorp Financial Services had a net margin of 30.53% and a return on equity of 17.49%. Analysts forecast that Intercorp Financial Services Inc. will post 5.82 earnings per share for the current fiscal year.

Intercorp Financial Services Increases Dividend

The firm also recently declared an annual dividend, which was paid on Tuesday, May 5th. Stockholders of record on Friday, April 24th were given a dividend of $1.80 per share. This is a boost from Intercorp Financial Services’s previous annual dividend of $1.00. This represents a dividend yield of 401.0%. The ex-dividend date of this dividend was Friday, April 24th. Intercorp Financial Services’s dividend payout ratio is currently 31.96%.

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.