14,951 Shares in Intercorp Financial Services Inc. $IFS Purchased by Precision Wealth Strategies LLC

Precision Wealth Strategies LLC purchased a new position in shares of Intercorp Financial Services Inc. (NYSE:IFS) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 14,951 shares of the company’s stock, valued at approximately $633,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. bought a new position in Intercorp Financial Services during the fourth quarter worth about $94,000. SG Americas Securities LLC boosted its holdings in shares of Intercorp Financial Services by 43.1% during the fourth quarter. SG Americas Securities LLC now owns 5,308 shares of the company’s stock worth $225,000 after acquiring an additional 1,599 shares during the period. Centiva Capital LP bought a new stake in shares of Intercorp Financial Services during the third quarter worth approximately $216,000. Pinnacle Associates Ltd. bought a new stake in shares of Intercorp Financial Services during the third quarter worth approximately $275,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Intercorp Financial Services during the third quarter worth approximately $325,000.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Intercorp Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, March 10th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $48.00.

Intercorp Financial Services Price Performance

NYSE:IFS traded up $0.43 during trading hours on Thursday, reaching $44.88. 9,536 shares of the company were exchanged, compared to its average volume of 271,948. The company has a market capitalization of $4.99 billion, a P/E ratio of 9.31, a P/E/G ratio of 0.36 and a beta of 0.85. Intercorp Financial Services Inc. has a 1-year low of $33.48 and a 1-year high of $53.00. The business has a 50 day moving average of $47.99 and a 200 day moving average of $45.06.

Intercorp Financial Services Increases Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, May 5th. Investors of record on Friday, April 24th will be given a dividend of $1.80 per share. This is an increase from Intercorp Financial Services’s previous annual dividend of $1.00. This represents a yield of 401.0%. The ex-dividend date of this dividend is Friday, April 24th. Intercorp Financial Services’s dividend payout ratio (DPR) is currently 35.48%.

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.