Intercorp Financial Services Inc. $IFS Shares Sold by Banco BTG Pactual S.A.

Banco BTG Pactual S.A. decreased its holdings in Intercorp Financial Services Inc. (NYSE:IFS) by 41.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 75,300 shares of the company’s stock after selling 54,374 shares during the quarter. Banco BTG Pactual S.A. owned 0.07% of Intercorp Financial Services worth $3,190,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of IFS. Millennium Management LLC raised its holdings in Intercorp Financial Services by 105.0% in the 3rd quarter. Millennium Management LLC now owns 383,628 shares of the company’s stock worth $15,476,000 after purchasing an additional 196,452 shares during the period. William Blair Investment Management LLC raised its holdings in Intercorp Financial Services by 100.8% in the 3rd quarter. William Blair Investment Management LLC now owns 376,599 shares of the company’s stock worth $15,192,000 after purchasing an additional 189,065 shares during the period. Jane Street Group LLC raised its holdings in Intercorp Financial Services by 1,722.7% in the 2nd quarter. Jane Street Group LLC now owns 157,794 shares of the company’s stock worth $6,017,000 after purchasing an additional 149,137 shares during the period. JPMorgan Chase & Co. raised its holdings in Intercorp Financial Services by 22.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 589,019 shares of the company’s stock worth $23,761,000 after purchasing an additional 107,290 shares during the period. Finally, Mirabella Financial Services LLP acquired a new position in Intercorp Financial Services in the 3rd quarter worth about $3,924,000.

Analysts Set New Price Targets

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

Intercorp Financial Services Price Performance

IFS stock opened at $55.26 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.08 and a quick ratio of 1.08. The business has a 50 day simple moving average of $48.19 and a 200-day simple moving average of $46.47. The firm has a market capitalization of $6.14 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 0.76 and a beta of 0.80. Intercorp Financial Services Inc. has a 1 year low of $35.39 and a 1 year high of $55.94.

Intercorp Financial Services (NYSE:IFS) last posted 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 during the quarter. Intercorp Financial Services had a return on equity of 17.49% and a net margin of 30.53%. Equities research analysts anticipate 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 disclosed an annual dividend, which was paid on Tuesday, May 5th. Investors of record on Friday, April 24th were given a $1.80 dividend. The ex-dividend date was Friday, April 24th. This is a positive change from Intercorp Financial Services’s previous annual dividend of $1.00. This represents a yield of 401.0%. Intercorp Financial Services’s dividend payout ratio (DPR) 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.