Intercorp Financial Services (NYSE:IFS) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Intercorp Financial Services (NYSE:IFS) from a buy rating to a hold rating in a research note issued to investors on Sunday morning.

A number of other research analysts have also weighed in on IFS. JPMorgan Chase & Co. boosted their target price on shares of Intercorp Financial Services from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intercorp Financial Services in a research note on Monday, December 29th. Two investment 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $48.00.

Intercorp Financial Services Stock Up 0.5%

NYSE:IFS opened at $49.90 on Friday. The company’s 50 day moving average is $46.39 and its 200-day moving average is $42.60. Intercorp Financial Services has a 12 month low of $29.09 and a 12 month high of $52.58. The firm has a market cap of $5.71 billion, a price-to-earnings ratio of 10.35, a P/E/G ratio of 0.40 and a beta of 0.84.

Hedge Funds Weigh In On Intercorp Financial Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its position in shares of Intercorp Financial Services by 106.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the company’s stock worth $32,000 after acquiring an additional 384 shares during the period. Geode Capital Management LLC raised its stake in shares of Intercorp Financial Services by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 23,608 shares of the company’s stock valued at $1,000,000 after purchasing an additional 1,274 shares in the last quarter. SG Americas Securities LLC lifted its position in 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 purchasing an additional 1,599 shares during the period. Blue Trust Inc. acquired a new stake in Intercorp Financial Services during the fourth quarter worth $94,000. Finally, Employees Retirement System of Texas boosted its stake in Intercorp Financial Services by 47.6% during the fourth quarter. Employees Retirement System of Texas now owns 9,761 shares of the company’s stock worth $413,000 after buying an additional 3,149 shares in the last quarter.

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.