Intercorp Financial Services (NYSE:IFS) Posts Quarterly Earnings Results, Beats Expectations By $0.19 EPS

Intercorp Financial Services (NYSE:IFS) released its earnings results on Monday. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.19, Zacks reports. Intercorp Financial Services had a net margin of 28.74% and a return on equity of 16.69%.

Intercorp Financial Services Stock Up 1.3%

Shares of NYSE IFS traded up $0.57 during trading hours on Tuesday, hitting $45.01. The company had a trading volume of 118,998 shares, compared to its average volume of 264,297. Intercorp Financial Services has a 1-year low of $34.18 and a 1-year high of $53.00. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.45. The firm’s 50 day moving average is $47.36 and its 200-day moving average is $45.26. The stock has a market capitalization of $5.00 billion, a P/E ratio of 9.34, a price-to-earnings-growth ratio of 0.36 and a beta of 0.77.

Intercorp Financial Services Increases Dividend

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

Institutional Trading of Intercorp Financial Services

Several institutional investors and hedge funds have recently bought and sold shares of IFS. Goldman Sachs Group Inc. boosted its position 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 acquired a new stake in Intercorp Financial Services during the 1st quarter worth approximately $287,000. Geode Capital Management LLC boosted its stake in Intercorp Financial Services by 9.7% in the 2nd quarter. Geode Capital Management LLC now owns 20,649 shares of the company’s stock valued at $787,000 after purchasing an additional 1,824 shares during the period. Qube Research & Technologies Ltd increased its position in Intercorp Financial Services by 192.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 143,345 shares of the company’s stock worth $5,466,000 after buying an additional 94,360 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Intercorp Financial Services by 381.7% during the second quarter. Sei Investments Co. now owns 34,866 shares of the company’s stock worth $1,329,000 after buying an additional 27,628 shares in the last quarter.

Analysts Set New Price Targets

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

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.