Intercorp Financial Services Inc. $IFS Stock Holdings Boosted by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in shares of Intercorp Financial Services Inc. (NYSE:IFS) by 2,364.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 387,536 shares of the company’s stock after purchasing an additional 371,814 shares during the quarter. Hsbc Holdings PLC’s holdings in Intercorp Financial Services were worth $19,454,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Schroder Investment Management Group lifted its holdings in shares of Intercorp Financial Services by 34.2% in the fourth quarter. Schroder Investment Management Group now owns 750,628 shares of the company’s stock valued at $31,797,000 after buying an additional 191,217 shares during the period. Millennium Management LLC grew its holdings in Intercorp Financial Services by 66.7% during the fourth quarter. Millennium Management LLC now owns 639,381 shares of the company’s stock worth $27,084,000 after acquiring an additional 255,753 shares during the period. JPMorgan Chase & Co. grew its holdings in Intercorp Financial Services by 7.2% during the fourth quarter. JPMorgan Chase & Co. now owns 631,168 shares of the company’s stock worth $26,736,000 after acquiring an additional 42,149 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Intercorp Financial Services by 15.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 581,245 shares of the company’s stock worth $23,447,000 after acquiring an additional 78,333 shares in the last quarter. Finally, William Blair Investment Management LLC raised its position in Intercorp Financial Services by 18.7% in the fourth quarter. William Blair Investment Management LLC now owns 446,887 shares of the company’s stock worth $18,930,000 after acquiring an additional 70,288 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered shares of Intercorp Financial Services from an “overweight” rating to a “neutral” rating and set a $56.00 price objective for the company. in a research report on Monday, June 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Intercorp Financial Services in a report on Friday, May 22nd. Wall Street Zen raised shares of Intercorp Financial Services from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Zacks Research upgraded shares of Intercorp Financial Services from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $56.00.

Intercorp Financial Services Trading Up 0.7%

Intercorp Financial Services stock opened at $59.95 on Wednesday. Intercorp Financial Services Inc. has a 52 week low of $35.45 and a 52 week high of $61.38. 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 firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 11.21, a P/E/G ratio of 0.82 and a beta of 0.78. The company has a 50 day moving average price of $53.86 and a 200 day moving average price of $49.71.

Intercorp Financial Services (NYSE:IFS) last announced its earnings results on Tuesday, March 31st. The company reported $1.54 earnings per share (EPS) for the quarter. The company had revenue of $508.76 million for the quarter. Intercorp Financial Services had a net margin of 30.53% and a return on equity of 17.49%. Research analysts forecast that Intercorp Financial Services Inc. will post 5.97 EPS for the current year.

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.