Intercorp Financial Services Inc. (NYSE:IFS) Sees Large Growth in Short Interest

Intercorp Financial Services Inc. (NYSE:IFS) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 192,292 shares, a growth of 86.3% from the December 31st total of 103,189 shares. Based on an average daily trading volume, of 184,938 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 184,938 shares, the days-to-cover ratio is presently 1.0 days.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wall Street Zen downgraded Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. Zacks Research downgraded shares of Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intercorp Financial Services in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Intercorp Financial Services from $42.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Intercorp Financial Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.

Intercorp Financial Services Stock Down 1.2%

Shares of NYSE IFS traded down $0.61 during trading hours on Friday, hitting $48.95. 318,210 shares of the stock were exchanged, compared to its average volume of 197,578. The company has a market cap of $5.60 billion, a PE ratio of 10.37, a PEG ratio of 0.40 and a beta of 0.84. Intercorp Financial Services has a 12 month low of $29.09 and a 12 month high of $50.80. The firm has a fifty day moving average price of $43.24 and a 200-day moving average price of $40.98.

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

Institutional Investors Weigh In On Intercorp Financial Services

Large investors have recently modified their holdings of the business. Globeflex Capital L P increased its holdings in shares of Intercorp Financial Services by 3,477.7% during the second quarter. Globeflex Capital L P now owns 365,498 shares of the company’s stock valued at $13,936,000 after acquiring an additional 355,282 shares in the last quarter. Marshall Wace LLP grew its position in Intercorp Financial Services by 108.1% during the 2nd quarter. Marshall Wace LLP now owns 519,319 shares of the company’s stock worth $19,802,000 after purchasing an additional 269,712 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake 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 valued at $19,176,000 after purchasing an additional 239,920 shares in the last quarter. Fourth Sail Capital LP raised 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 worth $17,501,000 after buying an additional 201,100 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Intercorp Financial Services by 105.0% in the third quarter. Millennium Management LLC now owns 383,628 shares of the company’s stock worth $15,476,000 after buying 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.