JPMorgan Chase & Co. Boosts Stock Position in Intercorp Financial Services Inc. $IFS

JPMorgan Chase & Co. lifted its stake in Intercorp Financial Services Inc. (NYSE:IFS) by 22.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 589,019 shares of the company’s stock after purchasing an additional 107,290 shares during the period. JPMorgan Chase & Co.’s holdings in Intercorp Financial Services were worth $23,761,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in IFS. Centiva Capital LP acquired a new position in Intercorp Financial Services during the third quarter worth $216,000. Pinnacle Associates Ltd. acquired a new stake in shares of Intercorp Financial Services in the 3rd quarter worth $275,000. Jane Street Group LLC acquired a new stake in shares of Intercorp Financial Services in the 1st quarter worth $287,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Intercorp Financial Services during the 3rd quarter worth $325,000. Finally, Benjamin Edwards Inc. acquired a new position in shares of Intercorp Financial Services during the 3rd quarter valued at about $431,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on IFS shares. JPMorgan Chase & Co. upped their price objective on shares of Intercorp Financial Services from $42.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. Wall Street Zen lowered shares of Intercorp Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, March 10th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Intercorp Financial Services in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Intercorp Financial Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.00.

Intercorp Financial Services Stock Up 2.2%

Shares of Intercorp Financial Services stock opened at $47.98 on Tuesday. The firm has a market cap of $5.49 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 0.38 and a beta of 0.83. Intercorp Financial Services Inc. has a 52 week low of $29.09 and a 52 week high of $52.58. The business’s fifty day simple moving average is $47.89 and its 200-day simple moving average is $43.60.

Intercorp Financial Services (NYSE:IFS) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. The firm had revenue of $532.56 million during the quarter, compared to the consensus estimate of $407.40 million. Intercorp Financial Services had a return on equity of 16.69% and a net margin of 28.74%. As a group, equities analysts expect that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current year.

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.