William Blair Investment Management LLC Has $18.93 Million Stock Position in Intercorp Financial Services Inc. $IFS

William Blair Investment Management LLC grew its stake in Intercorp Financial Services Inc. (NYSE:IFS) by 18.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 446,887 shares of the company’s stock after buying an additional 70,288 shares during the period. William Blair Investment Management LLC owned approximately 0.39% of Intercorp Financial Services worth $18,930,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in IFS. Blue Trust Inc. acquired a new stake in shares of Intercorp Financial Services in the fourth quarter worth about $94,000. Centiva Capital LP acquired a new stake in shares of Intercorp Financial Services in the third quarter worth about $216,000. SG Americas Securities LLC lifted its position in shares of Intercorp Financial Services by 43.1% in the fourth quarter. SG Americas Securities LLC now owns 5,308 shares of the company’s stock worth $225,000 after buying an additional 1,599 shares during the last quarter. Pinnacle Associates Ltd. acquired a new stake in shares of Intercorp Financial Services in the third quarter worth about $275,000. Finally, Jane Street Group LLC acquired a new stake in shares of Intercorp Financial Services in the first quarter worth about $287,000.

Intercorp Financial Services Price Performance

NYSE IFS opened at $49.01 on Tuesday. Intercorp Financial Services Inc. has a twelve month low of $34.20 and a twelve month high of $53.00. 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 stock has a market capitalization of $5.44 billion, a PE ratio of 9.16, a P/E/G ratio of 0.75 and a beta of 0.77. The stock has a 50-day simple moving average of $47.51 and a 200 day simple moving average of $45.60.

Intercorp Financial Services (NYSE:IFS) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $1.54 earnings per share for the quarter. Intercorp Financial Services had a return on equity of 17.49% and a net margin of 30.53%.The business had revenue of $508.76 million during the quarter. Research analysts anticipate that Intercorp Financial Services Inc. will post 5.82 EPS for the current year.

Intercorp Financial Services Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Tuesday, May 5th. Investors of record on Friday, April 24th were given a dividend of $1.80 per share. The ex-dividend date of this dividend was Friday, April 24th. This represents a dividend yield of 401.0%. This is a boost from Intercorp Financial Services’s previous annual dividend of $1.00. Intercorp Financial Services’s payout ratio is presently 31.96%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on IFS. Wall Street Zen raised Intercorp Financial Services from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercorp Financial Services in a research report on Friday. Zacks Research raised Intercorp Financial Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. boosted their price target on Intercorp Financial Services from $48.00 to $56.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat.com, Intercorp Financial Services presently has an average rating of “Buy” and an average target price of $56.00.

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.