Intercorp Financial Services (NYSE:IFS – Get Free Report) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.
A number of other analysts have also commented on IFS. JPMorgan Chase & Co. lifted their target price on shares of Intercorp Financial Services from $48.00 to $56.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. 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. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Intercorp Financial Services in a research report on Friday, May 22nd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.00.
View Our Latest Stock Report on Intercorp Financial Services
Intercorp Financial Services Price Performance
Intercorp Financial Services (NYSE:IFS – Get Free Report) last released its earnings results on Tuesday, March 31st. The company reported $1.54 EPS for the quarter. Intercorp Financial Services had a net margin of 30.53% and a return on equity of 17.49%. The firm had revenue of $508.76 million during the quarter. As a group, analysts anticipate that Intercorp Financial Services will post 5.82 earnings per share for the current year.
Institutional Investors Weigh In On Intercorp Financial Services
Several institutional investors have recently added to or reduced their stakes in IFS. Caitong International Asset Management Co. Ltd lifted its position in Intercorp Financial Services by 106.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the company’s stock valued at $32,000 after acquiring an additional 384 shares in the last quarter. Blue Trust Inc. bought a new stake in Intercorp Financial Services in the 4th quarter valued at $94,000. DGS Capital Management LLC bought a new stake in Intercorp Financial Services in the 1st quarter valued at $213,000. Centiva Capital LP bought a new stake in Intercorp Financial Services in the 3rd quarter valued at $216,000. Finally, SG Americas Securities LLC lifted its position in Intercorp Financial Services by 43.1% in the 4th quarter. SG Americas Securities LLC now owns 5,308 shares of the company’s stock valued at $225,000 after acquiring an additional 1,599 shares in 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.
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