Intercorp Financial Services Inc. (NYSE:IFS) Short Interest Update

Intercorp Financial Services Inc. (NYSE:IFS) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 103,189 shares, an increase of 39.1% from the December 15th total of 74,186 shares. Based on an average daily trading volume, of 164,726 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 164,726 shares, the short-interest ratio is currently 0.6 days.

Intercorp Financial Services Trading Up 0.0%

Shares of IFS traded up $0.01 during midday trading on Friday, hitting $45.01. 117,946 shares of the company’s stock traded hands, compared to its average volume of 148,469. The firm’s fifty day moving average is $41.68 and its 200-day moving average is $40.22. Intercorp Financial Services has a 1 year low of $28.74 and a 1 year high of $45.99. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 9.54, a price-to-earnings-growth ratio of 0.34 and a beta of 0.84.

Intercorp Financial Services (NYSE:IFS) last announced its quarterly earnings data on Friday, November 7th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.04). Intercorp Financial Services had a net margin of 28.41% and a return on equity of 17.27%. The business had revenue of $452.42 million for the quarter, compared to analyst estimates of $441.08 million. On average, equities research analysts anticipate that Intercorp Financial Services will post 4.23 EPS for the current year.

Analysts Set New Price Targets

IFS has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intercorp Financial Services in a research note on Monday, December 29th. JPMorgan Chase & Co. raised their target price on shares of Intercorp Financial Services from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Zacks Research lowered Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Finally, Wall Street Zen downgraded Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Intercorp Financial Services presently has an average rating of “Moderate Buy” and an average target price of $48.00.

Insider Activity

In other news, major shareholder Peru Ltd Intercorp bought 7,125 shares of the firm’s stock in a transaction on Tuesday, October 21st. The stock was acquired at an average cost of $19.65 per share, with a total value of $140,006.25. Following the completion of the acquisition, the insider owned 3,100,737 shares of the company’s stock, valued at approximately $60,929,482.05. This represents a 0.23% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Investors Weigh In On Intercorp Financial Services

Several large investors have recently added to or reduced their stakes in IFS. Globeflex Capital L P increased its stake in Intercorp Financial Services by 3,477.7% in the second quarter. Globeflex Capital L P now owns 365,498 shares of the company’s stock valued at $13,936,000 after purchasing an additional 355,282 shares during the period. Marshall Wace LLP raised its stake in Intercorp Financial Services by 108.1% during 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 last quarter. Arrowstreet Capital Limited Partnership lifted its position in Intercorp Financial Services by 91.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 502,912 shares of the company’s stock worth $19,176,000 after acquiring an additional 239,920 shares during the period. Fourth Sail Capital LP increased its holdings in shares of Intercorp Financial Services by 78.0% in the second quarter. Fourth Sail Capital LP now owns 458,974 shares of the company’s stock valued at $17,501,000 after purchasing an additional 201,100 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Intercorp Financial Services by 105.0% during the third 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 last quarter.

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.