Intercorp Financial Services (NYSE:IFS) Sees Unusually-High Trading Volume – Here’s What Happened

Intercorp Financial Services Inc. (NYSE:IFS) shares saw unusually-high trading volume on Monday . Approximately 332,700 shares were traded during trading, an increase of 83% from the previous session’s volume of 181,616 shares.The stock last traded at $40.0950 and had previously closed at $39.12.

Analyst Ratings Changes

IFS has been the subject of several research reports. Wall Street Zen lowered Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intercorp Financial Services in a report on Thursday. Finally, Zacks Research lowered Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Intercorp Financial Services Price Performance

The stock has a fifty day moving average of $40.88 and a two-hundred day moving average of $38.51. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 8.46, a PEG ratio of 0.35 and a beta of 1.12. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.49.

Intercorp Financial Services (NYSE:IFS) last posted its quarterly earnings data on Thursday, November 6th. The company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.04). The business had revenue of $486.96 million during 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 research analysts forecast that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current year.

Insider Activity at Intercorp Financial Services

In related news, major shareholder Peru Ltd Intercorp purchased 7,125 shares of the firm’s stock in a transaction dated Tuesday, October 21st. The shares were acquired at an average cost of $19.65 per share, with a total value of $140,006.25. Following the completion of the purchase, the insider directly owned 3,100,737 shares of the company’s stock, valued at $60,929,482.05. This trade represents a 0.23% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Centiva Capital LP acquired a new position in shares of Intercorp Financial Services during the third quarter valued at $216,000. Pinnacle Associates Ltd. acquired a new position in Intercorp Financial Services during the 3rd quarter valued at about $275,000. Allianz Asset Management GmbH bought a new position in shares of Intercorp Financial Services in the 2nd quarter valued at about $283,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Intercorp Financial Services during the 3rd quarter worth approximately $325,000. Finally, Jane Street Group LLC bought a new stake in shares of Intercorp Financial Services during the first quarter worth approximately $287,000.

About Intercorp Financial Services

Intercorp Financial Services Inc, together with its subsidiaries, offers banking, insurance, wealth management, and payment services for retail and commercial clients in Peru. The company provides loans, credit facilities, deposits, and current accounts; life annuity products with single-premium payment and conventional life insurance products, as well as other retail insurance products; and brokerage and investment management services.