Intercorp Financial Services (NYSE:IFS) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Intercorp Financial Services (NYSE:IFS) from a buy rating to a hold rating in a research note published on Tuesday morning.

Several other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Intercorp Financial Services from $42.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Intercorp Financial Services in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $48.00.

Intercorp Financial Services Stock Up 4.2%

Intercorp Financial Services stock opened at $46.68 on Tuesday. Intercorp Financial Services has a 12-month low of $29.09 and a 12-month high of $52.58. The firm’s fifty day moving average is $47.32 and its 200 day moving average is $43.18. The company has a market capitalization of $5.34 billion, a PE ratio of 9.68, a PEG ratio of 0.36 and a beta of 0.83.

Institutional Trading of Intercorp Financial Services

A number of hedge funds and other institutional investors have recently bought and sold shares of IFS. Goldman Sachs Group Inc. raised its holdings in Intercorp Financial Services by 332.5% during the first quarter. Goldman Sachs Group Inc. now owns 63,962 shares of the company’s stock worth $2,119,000 after buying an additional 49,173 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Intercorp Financial Services during the first quarter valued at about $287,000. Envestnet Asset Management Inc. bought a new stake in shares of Intercorp Financial Services during the second quarter worth about $1,432,000. Geode Capital Management LLC increased its position in shares of Intercorp Financial Services by 9.7% during the second quarter. Geode Capital Management LLC now owns 20,649 shares of the company’s stock worth $787,000 after acquiring an additional 1,824 shares in the last quarter. Finally, Renaissance Group LLC acquired a new stake in shares of Intercorp Financial Services in the 2nd quarter worth about $1,930,000.

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.