Intercorp Financial Services (NYSE:IFS) Shares Down 0.2%

Shares of Intercorp Financial Services Inc. (NYSE:IFSGet Rating) dropped 0.2% during mid-day trading on Thursday . The stock traded as low as $23.62 and last traded at $23.65. Approximately 9,675 shares traded hands during trading, a decline of 85% from the average daily volume of 62,775 shares. The stock had previously closed at $23.69.

IFS has been the topic of several research reports. Itaú Unibanco lowered Intercorp Financial Services from an “outperform” rating to a “market perform” rating and set a $35.00 price objective on the stock. in a report on Friday, March 11th. Itau BBA Securities lowered Intercorp Financial Services from an “outperform” rating to a “market perform” rating and set a $35.00 price objective on the stock. in a report on Friday, March 11th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $31.50.

The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 6.41, a P/E/G ratio of 0.46 and a beta of 1.47. The firm’s 50 day moving average price is $26.76 and its two-hundred day moving average price is $29.33. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.15 and a quick ratio of 1.15.

The company also recently disclosed an annual dividend, which was paid on Friday, May 6th. Shareholders of record on Thursday, April 28th were paid a $1.75 dividend. This is a boost from Intercorp Financial Services’s previous annual dividend of $0.77. This represents a yield of 4.8%. The ex-dividend date was Wednesday, April 27th. Intercorp Financial Services’s payout ratio is currently 44.99%.

A number of large investors have recently made changes to their positions in IFS. State Street Corp grew its holdings in Intercorp Financial Services by 10.6% during the first quarter. State Street Corp now owns 147,215 shares of the company’s stock worth $5,086,000 after acquiring an additional 14,130 shares during the period. Employees Retirement System of Texas grew its holdings in Intercorp Financial Services by 116.9% during the first quarter. Employees Retirement System of Texas now owns 14,100 shares of the company’s stock worth $487,000 after acquiring an additional 7,600 shares during the period. Prudential Financial Inc. acquired a new position in Intercorp Financial Services during the first quarter worth $487,000. Dimensional Fund Advisors LP acquired a new position in Intercorp Financial Services during the first quarter worth $609,000. Finally, BlackRock Inc. increased its holdings in Intercorp Financial Services by 6.5% in the first quarter. BlackRock Inc. now owns 806,575 shares of the company’s stock valued at $27,867,000 after buying an additional 49,574 shares in the last quarter. Hedge funds and other institutional investors own 8.52% of the company’s stock.

About Intercorp Financial Services (NYSE:IFS)

Intercorp Financial Services Inc provides banking, insurance, and wealth management services for retail and commercial clients in Peru. The company operates through three segments: Banking, Insurance, and Wealth Management. It provides transactional accounts, such as cuenta sueldo and cuenta simple; savings accounts; investment accounts; and time deposits, certificates of deposit, and compensation for service time accounts.

Further Reading

Receive News & Ratings for Intercorp Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercorp Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.