Intercorp Financial Services Inc. $IFS Holdings Decreased by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its holdings in Intercorp Financial Services Inc. (NYSE:IFS) by 69.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,274 shares of the company’s stock after selling 35,357 shares during the period. Teacher Retirement System of Texas’ holdings in Intercorp Financial Services were worth $582,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of IFS. Principal Financial Group Inc. increased its holdings in shares of Intercorp Financial Services by 4.0% in the 1st quarter. Principal Financial Group Inc. now owns 396,356 shares of the company’s stock valued at $13,131,000 after purchasing an additional 15,087 shares during the period. New York State Common Retirement Fund grew its position in Intercorp Financial Services by 111.9% during the first quarter. New York State Common Retirement Fund now owns 51,724 shares of the company’s stock valued at $1,714,000 after purchasing an additional 27,309 shares in the last quarter. Mackenzie Financial Corp acquired a new position in Intercorp Financial Services in the 1st quarter valued at approximately $303,000. Fourth Sail Capital LP purchased a new stake in Intercorp Financial Services in the 1st quarter worth approximately $8,543,000. Finally, Helikon Investments Ltd boosted its stake in shares of Intercorp Financial Services by 21.9% during the 1st quarter. Helikon Investments Ltd now owns 1,188,211 shares of the company’s stock valued at $39,365,000 after buying an additional 213,392 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercorp Financial Services in a research note on Wednesday, October 8th. Wall Street Zen upgraded Intercorp Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 16th. Finally, Zacks Research downgraded Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Intercorp Financial Services presently has a consensus rating of “Moderate Buy”.

Insider Activity at Intercorp Financial Services

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp acquired 20,113 shares of Intercorp Financial Services stock in a transaction dated Wednesday, September 24th. The stock was bought at an average cost of $19.64 per share, with a total value of $395,019.32. Following the completion of the transaction, the insider owned 3,093,612 shares of the company’s stock, valued at $60,758,539.68. The trade was a 0.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Intercorp Financial Services Stock Performance

NYSE:IFS opened at $41.99 on Friday. The firm has a market capitalization of $4.81 billion, a PE ratio of 8.90, a PEG ratio of 0.37 and a beta of 1.12. The firm’s fifty day simple moving average is $41.07 and its 200 day simple moving average is $38.03. Intercorp Financial Services Inc. has a 1 year low of $26.61 and a 1 year high of $43.67. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.61.

Intercorp Financial Services (NYSE:IFS) last posted its quarterly earnings data on Thursday, November 6th. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.04). Intercorp Financial Services had a return on equity of 17.81% and a net margin of 28.41%.The business had revenue of $486.96 million for the quarter, compared to analyst estimates of $441.08 million. On average, sell-side analysts anticipate that Intercorp Financial Services Inc. will post 4.23 EPS for the current year.

Intercorp Financial Services Profile

Intercorp Financial Services Inc, together with its subsidiaries, offers banking, insurance, wealth management, and payment services for retail and commercial clients in Peru. The company provides loans, credit facilities, deposits, and current accounts; life annuity products with single-premium payment and conventional life insurance products, as well as other retail insurance products; and brokerage and investment management services.