Intercorp Financial Services Inc. (NYSE:IFS) Short Interest Update

Intercorp Financial Services Inc. (NYSE:IFS) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 103,189 shares, an increase of 39.1% from the December 15th total of 74,186 shares. Based on an average daily trading volume, of 164,726 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 164,726 shares, the days-to-cover ratio is presently 0.6 days.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wall Street Zen cut Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. JPMorgan Chase & Co. raised their target price on shares of Intercorp Financial Services from $42.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intercorp Financial Services in a research report on Monday, December 29th. Finally, Zacks Research lowered shares of Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $48.00.

Insider Buying and Selling at Intercorp Financial Services

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp purchased 7,125 shares of the business’s stock in a transaction that occurred on Tuesday, October 21st. The stock was acquired at an average cost of $19.65 per share, with a total value of $140,006.25. Following the completion of the acquisition, the insider directly owned 3,100,737 shares of the company’s stock, valued at $60,929,482.05. This represents a 0.23% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Trading of Intercorp Financial Services

Large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its stake in Intercorp Financial Services by 332.5% in the first quarter. Goldman Sachs Group Inc. now owns 63,962 shares of the company’s stock valued at $2,119,000 after buying an additional 49,173 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Intercorp Financial Services during the first quarter worth $287,000. Sheets Smith Wealth Management bought a new position in Intercorp Financial Services in the second quarter valued at $411,000. Public Employees Retirement System of Ohio boosted its stake in shares of Intercorp Financial Services by 9.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 61,148 shares of the company’s stock worth $2,332,000 after buying an additional 5,244 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new position in Intercorp Financial Services during the second quarter valued at approximately $2,018,000.

Intercorp Financial Services Stock Up 0.0%

IFS opened at $45.01 on Monday. The stock has a market cap of $5.15 billion, a P/E ratio of 9.54, a P/E/G ratio of 0.34 and a beta of 0.84. Intercorp Financial Services has a 12 month low of $28.74 and a 12 month high of $45.99. The company has a fifty day simple moving average of $41.68 and a 200 day simple moving average of $40.25.

Intercorp Financial Services (NYSE:IFS) last posted its earnings results on Friday, November 7th. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.04). Intercorp Financial Services had a return on equity of 17.27% and a net margin of 28.41%.The business had revenue of $452.42 million for the quarter, compared to the consensus estimate of $441.08 million. On average, equities research analysts expect that Intercorp Financial Services will post 4.23 earnings per share for the current fiscal year.

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.