Intercorp Financial Services (NYSE:IFS) Announces Earnings Results

Intercorp Financial Services (NYSE:IFS) posted its quarterly earnings results on Monday. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.19, Zacks reports. Intercorp Financial Services had a return on equity of 16.69% and a net margin of 28.74%.

Intercorp Financial Services Stock Performance

Shares of NYSE IFS traded up $0.58 during midday trading on Tuesday, hitting $45.02. 114,161 shares of the company’s stock were exchanged, compared to its average volume of 264,064. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.45. Intercorp Financial Services has a 12 month low of $34.18 and a 12 month high of $53.00. The company’s 50 day moving average price is $47.36 and its 200 day moving average price is $45.26. The firm has a market capitalization of $5.00 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 0.36 and a beta of 0.77.

Intercorp Financial Services Increases Dividend

The firm also recently announced an annual dividend, which was paid on Tuesday, May 5th. Stockholders of record on Friday, April 24th were paid a dividend of $1.80 per share. The ex-dividend date was Friday, April 24th. This represents a dividend yield of 401.0%. This is an increase from Intercorp Financial Services’s previous annual dividend of $1.00. Intercorp Financial Services’s dividend payout ratio is presently 35.48%.

Institutional Trading of Intercorp Financial Services

Several hedge funds have recently added to or reduced their stakes in IFS. Goldman Sachs Group Inc. lifted its holdings in Intercorp Financial Services by 332.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 63,962 shares of the company’s stock worth $2,119,000 after purchasing an additional 49,173 shares during the last quarter. Jane Street Group LLC acquired a new position in Intercorp Financial Services in the 1st quarter valued at $287,000. Geode Capital Management LLC raised its holdings in Intercorp Financial Services by 9.7% in the 2nd quarter. Geode Capital Management LLC now owns 20,649 shares of the company’s stock valued at $787,000 after acquiring an additional 1,824 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in Intercorp Financial Services by 192.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 143,345 shares of the company’s stock valued at $5,466,000 after acquiring an additional 94,360 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in Intercorp Financial Services by 381.7% in the 2nd quarter. Sei Investments Co. now owns 34,866 shares of the company’s stock valued at $1,329,000 after acquiring an additional 27,628 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Intercorp Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $48.00.

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.