Renaissance Group LLC Has $1.16 Million Holdings in Intercorp Financial Services Inc. $IFS

Renaissance Group LLC lessened its position in shares of Intercorp Financial Services Inc. (NYSE:IFS) by 43.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,768 shares of the company’s stock after selling 21,850 shares during the period. Renaissance Group LLC’s holdings in Intercorp Financial Services were worth $1,161,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in shares of 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 buying an additional 49,173 shares during the period. Jane Street Group LLC acquired a new position in Intercorp Financial Services during the 1st quarter worth approximately $287,000. Allianz Asset Management GmbH bought a new position in shares of Intercorp Financial Services during the 2nd quarter worth approximately $283,000. William Blair Investment Management LLC grew its stake in shares of Intercorp Financial Services by 81.4% during the 2nd quarter. William Blair Investment Management LLC now owns 187,534 shares of the company’s stock worth $7,151,000 after acquiring an additional 84,169 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its holdings in shares of Intercorp Financial Services by 100.2% in the second quarter. State of New Jersey Common Pension Fund D now owns 42,764 shares of the company’s stock valued at $1,631,000 after purchasing an additional 21,400 shares during the last quarter.

Intercorp Financial Services Price Performance

Shares of IFS stock opened at $51.26 on Friday. The company has a fifty day moving average price of $44.28 and a two-hundred day moving average price of $41.44. Intercorp Financial Services Inc. has a one year low of $29.09 and a one year high of $52.58. The stock has a market cap of $5.87 billion, a P/E ratio of 10.86, a P/E/G ratio of 0.41 and a beta of 0.84.

Intercorp Financial Services (NYSE:IFS) last issued its earnings results 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). Intercorp Financial Services had a net margin of 28.41% and a return on equity of 17.27%. The firm had revenue of $452.42 million during the quarter, compared to the consensus estimate of $441.08 million. As a group, equities research analysts anticipate that Intercorp Financial Services Inc. will post 4.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on IFS shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intercorp Financial Services in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, JPMorgan Chase & Co. lifted their target price on Intercorp Financial Services from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, December 16th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $48.00.

Intercorp Financial Services 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.