Short Interest in Intercorp Financial Services Inc. (NYSE:IFS) Expands By 86.3%

Intercorp Financial Services Inc. (NYSE:IFS) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 192,292 shares, an increase of 86.3% from the December 31st total of 103,189 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 184,938 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 184,938 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On Intercorp Financial Services

Several institutional investors have recently made changes to their positions in IFS. Goldman Sachs Group Inc. raised its stake in Intercorp Financial Services by 332.5% during the first quarter. Goldman Sachs Group Inc. now owns 63,962 shares of the company’s stock worth $2,119,000 after purchasing an additional 49,173 shares during the period. Jane Street Group LLC purchased a new stake in Intercorp Financial Services during the 1st quarter worth about $287,000. Public Employees Retirement System of Ohio raised its holdings in shares of Intercorp Financial Services by 9.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 61,148 shares of the company’s stock valued at $2,332,000 after purchasing an additional 5,244 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in shares of Intercorp Financial Services in the 2nd quarter valued at about $2,018,000. Finally, Allianz Asset Management GmbH purchased a new position in shares of Intercorp Financial Services in the 2nd quarter valued at $283,000.

Analyst Ratings Changes

A number of research firms have recently weighed in on IFS. Weiss Ratings reissued a “buy (b-)” rating on shares of Intercorp Financial Services in a research note on Monday, December 29th. Zacks Research downgraded Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. upped their price objective on Intercorp Financial Services from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 16th. Finally, Wall Street Zen cut Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Intercorp Financial Services currently has an average rating of “Moderate Buy” and a consensus target price of $48.00.

Intercorp Financial Services Price Performance

Shares of NYSE:IFS traded down $0.61 during trading on Friday, reaching $48.95. 318,210 shares of the company were exchanged, compared to its average volume of 197,578. The business’s fifty day simple moving average is $43.24 and its 200-day simple moving average is $40.98. Intercorp Financial Services has a 12-month low of $29.09 and a 12-month high of $50.80. The firm has a market capitalization of $5.60 billion, a PE ratio of 10.37, a P/E/G ratio of 0.40 and a beta of 0.84.

Intercorp Financial Services (NYSE:IFS) last released its quarterly earnings data on Friday, November 7th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.04). The business had revenue of $452.42 million for the quarter, compared to the consensus estimate of $441.08 million. Intercorp Financial Services had a net margin of 28.41% and a return on equity of 17.27%. On average, sell-side analysts anticipate that Intercorp Financial Services will post 4.23 EPS for the current fiscal 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.