Intercorp Financial Services Inc. (NYSE:IFS – Get Free Report)’s share price reached a new 52-week high on Wednesday . The company traded as high as $53.84 and last traded at $52.5070, with a volume of 725332 shares trading hands. The stock had previously closed at $47.16.
Wall Street Analysts Forecast Growth
IFS has been the subject of a number of research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Intercorp Financial Services in a research report on Friday, May 22nd. Wall Street Zen raised shares of Intercorp Financial Services from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. JPMorgan Chase & Co. increased 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, 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. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $56.00.
Intercorp Financial Services Stock Up 11.3%
Intercorp Financial Services (NYSE:IFS – Get Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $1.54 EPS for the quarter. The company 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%. As a group, research analysts expect 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. Investors of record on Friday, April 24th were paid a dividend of $1.80 per share. This represents a dividend yield of 401.0%. The ex-dividend date was Friday, April 24th. This is an increase from Intercorp Financial Services’s previous annual dividend of $1.00. Intercorp Financial Services’s dividend payout ratio is currently 31.96%.
Institutional Trading of Intercorp Financial Services
A number of institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd lifted its stake in shares of Intercorp Financial Services by 106.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the company’s stock valued at $32,000 after buying an additional 384 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Intercorp Financial Services by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 23,608 shares of the company’s stock valued at $1,000,000 after buying an additional 1,274 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Intercorp Financial Services by 43.1% during the 4th quarter. SG Americas Securities LLC now owns 5,308 shares of the company’s stock valued at $225,000 after buying an additional 1,599 shares in the last quarter. Blue Trust Inc. purchased a new stake in shares of Intercorp Financial Services during the 4th quarter valued at approximately $94,000. Finally, Sei Investments Co. lifted its stake in shares of Intercorp Financial Services by 14.0% during the 1st quarter. Sei Investments Co. now owns 21,337 shares of the company’s stock valued at $1,071,000 after buying an additional 2,618 shares in the last quarter.
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.
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