BNP Paribas Financial Markets Has $8.51 Million Stake in Intercorp Financial Services Inc. $IFS

BNP Paribas Financial Markets grew its position in Intercorp Financial Services Inc. (NYSE:IFS) by 12.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 200,942 shares of the company’s stock after purchasing an additional 22,879 shares during the period. BNP Paribas Financial Markets’ holdings in Intercorp Financial Services were worth $8,512,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in IFS. Blue Trust Inc. bought a new stake in Intercorp Financial Services in the 4th quarter valued at about $94,000. Centiva Capital LP bought a new stake in Intercorp Financial Services in the 3rd quarter valued at about $216,000. SG Americas Securities LLC boosted its holdings in Intercorp Financial Services by 43.1% in the 4th 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. Pinnacle Associates Ltd. bought a new stake in Intercorp Financial Services in the 3rd quarter valued at about $275,000. Finally, Jane Street Group LLC bought a new stake in Intercorp Financial Services in the 1st quarter valued at about $287,000.

Wall Street Analyst Weigh In

IFS has been the subject of a number of recent research reports. Wall Street Zen raised shares of Intercorp Financial Services from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Zacks Research upgraded shares of Intercorp Financial Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. JPMorgan Chase & Co. boosted 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. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Intercorp Financial Services in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. Based on data from MarketBeat, Intercorp Financial Services has a consensus rating of “Buy” and a consensus price target of $56.00.

Intercorp Financial Services Price Performance

Shares of NYSE:IFS opened at $52.51 on Wednesday. The firm has a 50 day moving average of $47.98 and a 200-day moving average of $46.27. The stock has a market capitalization of $5.83 billion, a PE ratio of 9.81, a PEG ratio of 0.67 and a beta of 0.80. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.61. Intercorp Financial Services Inc. has a 12 month low of $35.08 and a 12 month high of $53.84.

Intercorp Financial Services (NYSE:IFS) last issued its earnings results on Tuesday, March 31st. The company reported $1.54 EPS for the quarter. The company had revenue of $508.76 million during the quarter. Intercorp Financial Services had a net margin of 30.53% and a return on equity of 17.49%. On average, equities research analysts predict that Intercorp Financial Services Inc. will post 5.82 EPS for the current fiscal year.

Intercorp Financial Services Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Tuesday, May 5th. Investors of record on Friday, April 24th were paid a $1.80 dividend. This represents a yield of 401.0%. The ex-dividend date of this dividend was Friday, April 24th. This is a positive change from Intercorp Financial Services’s previous annual dividend of $1.00. Intercorp Financial Services’s 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.