Intercorp Financial Services Inc. $IFS Shares Sold by Helikon Investments Ltd

Helikon Investments Ltd lessened its position in shares of Intercorp Financial Services Inc. (NYSE:IFS) by 21.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 935,698 shares of the company’s stock after selling 252,513 shares during the period. Intercorp Financial Services accounts for about 2.6% of Helikon Investments Ltd’s portfolio, making the stock its 11th biggest holding. Helikon Investments Ltd’s holdings in Intercorp Financial Services were worth $37,746,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Principal Financial Group Inc. lifted its holdings in Intercorp Financial Services by 24.4% during the 3rd quarter. Principal Financial Group Inc. now owns 534,609 shares of the company’s stock worth $21,566,000 after buying an additional 104,792 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of Intercorp Financial Services during the 2nd quarter worth about $283,000. Y Intercept Hong Kong Ltd purchased a new stake in Intercorp Financial Services during the second quarter worth approximately $516,000. Arrowstreet Capital Limited Partnership boosted its holdings in Intercorp Financial Services by 91.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 502,912 shares of the company’s stock valued at $19,176,000 after purchasing an additional 239,920 shares in the last quarter. Finally, Fourth Sail Capital LP boosted its holdings in Intercorp Financial Services by 78.0% in the second quarter. Fourth Sail Capital LP now owns 458,974 shares of the company’s stock valued at $17,501,000 after purchasing an additional 201,100 shares in the last quarter.

Wall Street Analysts Forecast Growth

IFS has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Intercorp Financial Services from a “buy” rating to a “hold” rating in a report on Sunday. Weiss Ratings reissued a “buy (b-)” rating on shares of Intercorp Financial Services in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. raised their price objective on Intercorp Financial Services from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Intercorp Financial Services has a consensus rating of “Moderate Buy” and an average target price of $48.00.

Intercorp Financial Services Price Performance

Shares of Intercorp Financial Services stock opened at $50.37 on Monday. The firm’s fifty day simple moving average is $46.06 and its 200-day simple moving average is $42.42. Intercorp Financial Services Inc. has a 12 month low of $29.09 and a 12 month high of $52.58. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 0.40 and a beta of 0.84.

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.