Wall Street Zen downgraded shares of Intercorp Financial Services (NYSE:IFS – Free Report) from a buy rating to a hold rating in a research report released on Saturday morning.
A number of other analysts have also issued reports on the company. JPMorgan Chase & Co. lowered Intercorp Financial Services from an “overweight” rating to a “neutral” rating and set a $56.00 target price for the company. in a report on Monday, June 15th. Zacks Research upgraded Intercorp Financial Services from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Intercorp Financial Services in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $56.00.
Intercorp Financial Services Stock Up 0.1%
Intercorp Financial Services (NYSE:IFS – Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.08. The business had revenue of $554.15 million during the quarter, compared to analyst estimates of $520.46 million. Intercorp Financial Services had a return on equity of 17.06% and a net margin of 34.81%. Equities analysts anticipate that Intercorp Financial Services will post 5.98 earnings per share for the current year.
Institutional Trading of Intercorp Financial Services
A number of hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd increased its stake in Intercorp Financial Services by 106.4% during the fourth 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 during the period. DGS Capital Management LLC acquired a new stake in Intercorp Financial Services during the first quarter worth $213,000. Pinnacle Associates Ltd. bought a new stake in Intercorp Financial Services in the 3rd quarter valued at $275,000. Jane Street Group LLC bought a new stake in Intercorp Financial Services in the 1st quarter valued at $287,000. Finally, Balyasny Asset Management L.P. bought a new stake in Intercorp Financial Services in the 4th quarter valued at $294,000.
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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