Intercorp Financial Services Inc. $IFS Stock Holdings Decreased by Quantbot Technologies LP

Quantbot Technologies LP lowered its position in shares of Intercorp Financial Services Inc. (NYSE:IFS) by 45.9% during the third quarter, Holdings Channel reports. The fund owned 16,847 shares of the company’s stock after selling 14,267 shares during the quarter. Quantbot Technologies LP’s holdings in Intercorp Financial Services were worth $680,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in IFS. Principal Financial Group Inc. raised its stake in Intercorp Financial Services by 24.4% during the 3rd quarter. Principal Financial Group Inc. now owns 534,609 shares of the company’s stock valued at $21,566,000 after purchasing an additional 104,792 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Intercorp Financial Services by 91.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 502,912 shares of the company’s stock valued at $19,176,000 after purchasing an additional 239,920 shares in the last quarter. Fourth Sail Capital LP boosted its position in shares of Intercorp Financial Services by 78.0% in the second quarter. Fourth Sail Capital LP now owns 458,974 shares of the company’s stock worth $17,501,000 after buying an additional 201,100 shares during the period. Envestnet Asset Management Inc. acquired a new stake in shares of Intercorp Financial Services in the second quarter worth $1,432,000. Finally, Globeflex Capital L P grew its holdings in shares of Intercorp Financial Services by 3,477.7% during the second quarter. Globeflex Capital L P now owns 365,498 shares of the company’s stock valued at $13,936,000 after buying an additional 355,282 shares in the last quarter.

Wall Street Analyst Weigh In

IFS has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price target 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. Weiss Ratings restated a “buy (b-)” rating on shares of Intercorp Financial Services in a research report on Monday, December 29th. Finally, Wall Street Zen raised Intercorp Financial Services from a “hold” rating to a “buy” rating in a research note on Monday, March 2nd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $48.00.

Intercorp Financial Services Stock Down 0.7%

Shares of NYSE:IFS opened at $44.65 on Friday. The firm has a fifty day moving average of $47.19 and a two-hundred day moving average of $43.06. Intercorp Financial Services Inc. has a 12-month low of $29.09 and a 12-month high of $52.58. The firm has a market capitalization of $5.11 billion, a P/E ratio of 9.26, a price-to-earnings-growth ratio of 0.36 and a beta of 0.83.

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.