Intercorp Financial Services Inc. (NYSE:IFS) Short Interest Down 16.2% in April

Intercorp Financial Services Inc. (NYSE:IFS) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 261,007 shares, a drop of 16.2% from the March 31st total of 311,525 shares. Based on an average daily volume of 327,296 shares, the short-interest ratio is currently 0.8 days. Currently, 0.2% of the company’s shares are sold short.

Intercorp Financial Services Stock Performance

Shares of NYSE IFS traded down $0.55 during midday trading on Friday, hitting $44.03. 134,279 shares of the stock traded hands, compared to its average volume of 345,039. Intercorp Financial Services has a one year low of $33.85 and a one year high of $53.00. The business has a 50 day moving average price of $47.88 and a two-hundred day moving average price of $45.05. The company has a market cap of $4.89 billion, a PE ratio of 9.14, a P/E/G ratio of 0.36 and a beta of 0.77.

Intercorp Financial Services Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Friday, April 24th will be paid a dividend of $1.80 per share. This is a boost from Intercorp Financial Services’s previous annual dividend of $1.00. The ex-dividend date is Friday, April 24th. This represents a yield of 401.0%. Intercorp Financial Services’s dividend payout ratio (DPR) is presently 35.48%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in IFS. Caitong International Asset Management Co. Ltd increased its position in shares of Intercorp Financial Services by 106.4% during the fourth 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 in the last quarter. Geode Capital Management LLC lifted its position in Intercorp Financial Services by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 23,608 shares of the company’s stock valued at $1,000,000 after acquiring an additional 1,274 shares in the last quarter. SG Americas Securities LLC boosted its stake in Intercorp Financial Services by 43.1% during the 4th quarter. SG Americas Securities LLC now owns 5,308 shares of the company’s stock valued at $225,000 after purchasing an additional 1,599 shares during the last quarter. Blue Trust Inc. acquired a new position in Intercorp Financial Services during the 4th quarter valued at about $94,000. Finally, Employees Retirement System of Texas increased its holdings in Intercorp Financial Services by 47.6% during the 4th quarter. Employees Retirement System of Texas now owns 9,761 shares of the company’s stock worth $413,000 after purchasing an additional 3,149 shares in the last quarter.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Intercorp Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Intercorp Financial Services has an average rating of “Moderate Buy” and a consensus price target 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.