Schroder Investment Management Group Buys 48,624 Shares of Intercorp Financial Services Inc. $IFS

Schroder Investment Management Group boosted its stake in shares of Intercorp Financial Services Inc. (NYSE:IFS) by 9.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 559,411 shares of the company’s stock after acquiring an additional 48,624 shares during the quarter. Schroder Investment Management Group’s holdings in Intercorp Financial Services were worth $22,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Principal Financial Group Inc. increased its stake in Intercorp Financial Services by 24.4% in the 3rd quarter. Principal Financial Group Inc. now owns 534,609 shares of the company’s stock worth $21,566,000 after purchasing an additional 104,792 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Intercorp Financial Services by 91.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 502,912 shares of the company’s stock worth $19,176,000 after purchasing an additional 239,920 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in shares of Intercorp Financial Services in the second quarter worth approximately $1,432,000. Globeflex Capital L P increased its stake in shares of Intercorp Financial Services by 3,477.7% in the second quarter. Globeflex Capital L P now owns 365,498 shares of the company’s stock worth $13,936,000 after buying an additional 355,282 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Intercorp Financial Services by 62.6% in the second quarter. American Century Companies Inc. now owns 291,491 shares of the company’s stock worth $11,115,000 after buying an additional 112,185 shares during the period.

Intercorp Financial Services Stock Performance

IFS opened at $44.88 on Friday. The stock has a market capitalization of $5.14 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 0.37 and a beta of 0.83. The stock’s 50 day moving average price is $47.45 and its 200-day moving average price is $43.22. Intercorp Financial Services Inc. has a 52-week low of $29.09 and a 52-week high of $52.58.

Analysts Set New Price Targets

IFS has been the subject of several analyst reports. Wall Street Zen cut shares of Intercorp Financial Services from a “buy” rating to a “hold” rating in a research report on Tuesday. Weiss Ratings restated a “buy (b-)” rating on shares of Intercorp Financial Services in a research report on Monday, December 29th. Finally, 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 research note on Tuesday, December 16th. Two research 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.

Intercorp Financial Services 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.