Intercorp Financial Services (NYSE:IFS) Sets New 12-Month High – What’s Next?

Intercorp Financial Services Inc. (NYSE:IFS)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $45.87 and last traded at $45.56, with a volume of 2856 shares trading hands. The stock had previously closed at $44.90.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on IFS shares. JPMorgan Chase & Co. boosted their price target on shares of Intercorp Financial Services from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Wall Street Zen lowered shares of Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 15th. Zacks Research cut shares of Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Intercorp Financial Services in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $48.00.

Intercorp Financial Services Trading Up 0.3%

The stock has a fifty day simple moving average of $41.59 and a two-hundred day simple moving average of $40.13. The firm has a market cap of $5.21 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 0.34 and a beta of 0.84.

Intercorp Financial Services (NYSE:IFS) last posted its earnings results on Friday, November 7th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.04). The firm had revenue of $452.42 million during the quarter, compared to analysts’ expectations 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, sell-side analysts predict that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Intercorp Financial Services

In related news, major shareholder Peru Ltd Intercorp bought 7,125 shares of the company’s stock in a transaction on Tuesday, October 21st. The stock was acquired at an average cost of $19.65 per share, for a total transaction of $140,006.25. Following the completion of the transaction, the insider directly owned 3,100,737 shares in the company, valued at $60,929,482.05. This trade represents a 0.23% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. SG Americas Securities LLC raised 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 worth $225,000 after purchasing an additional 1,599 shares during the period. Centiva Capital LP purchased a new stake in Intercorp Financial Services during the third quarter valued at about $216,000. Pinnacle Associates Ltd. bought a new position in shares of Intercorp Financial Services during the third quarter valued at about $275,000. Allianz Asset Management GmbH purchased a new position in shares of Intercorp Financial Services in the second quarter worth about $283,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Intercorp Financial Services in the third quarter worth about $325,000.

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.