Nipun Capital L.P. Makes New $1.13 Million Investment in Intercorp Financial Services Inc. $IFS

Nipun Capital L.P. bought a new position in Intercorp Financial Services Inc. (NYSE:IFS) in the 2nd quarter, Holdings Channel.com reports. The firm bought 19,900 shares of the company’s stock, valued at approximately $1,134,000. Intercorp Financial Services makes up 0.5% of Nipun Capital L.P.’s portfolio, making the stock its 8th biggest holding.

Other large investors have also modified their holdings of the company. PVG Asset Management Corp purchased a new stake in shares of Intercorp Financial Services during the 1st quarter valued at about $1,352,000. Lazard Asset Management LLC lifted its position in Intercorp Financial Services by 3.2% during the 1st quarter. Lazard Asset Management LLC now owns 171,339 shares of the company’s stock worth $8,601,000 after acquiring an additional 5,328 shares in the last quarter. Sei Investments Co. boosted its holdings in Intercorp Financial Services by 14.0% in the 1st quarter. Sei Investments Co. now owns 21,337 shares of the company’s stock worth $1,071,000 after acquiring an additional 2,618 shares during the period. Barings LLC purchased a new position in Intercorp Financial Services in the 1st quarter worth approximately $1,349,000. Finally, Matthews International Capital Management LLC acquired a new stake in Intercorp Financial Services in the first quarter valued at approximately $3,634,000.

Intercorp Financial Services Trading Down 0.4%

Shares of IFS opened at $58.71 on Friday. Intercorp Financial Services Inc. has a one year low of $37.22 and a one year high of $61.38. The stock has a 50-day moving average price of $56.70 and a 200 day moving average price of $51.02. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market capitalization of $6.52 billion, a P/E ratio of 10.97, a P/E/G ratio of 0.81 and a beta of 0.81.

Intercorp Financial Services (NYSE:IFS) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $1.54 earnings per share (EPS) for the quarter. Intercorp Financial Services had a return on equity of 17.49% and a net margin of 30.53%.The company had revenue of $508.76 million for the quarter. Sell-side analysts forecast that Intercorp Financial Services Inc. will post 5.97 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on IFS shares. Wall Street Zen upgraded shares of Intercorp Financial Services from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Zacks Research upgraded shares of Intercorp Financial Services from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. lowered shares of Intercorp Financial Services from an “overweight” rating to a “neutral” rating and set a $56.00 price target for the company. in a report on Monday, June 15th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercorp Financial Services in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $56.00.

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.