Nipun Capital L.P. Trims Stock Holdings in Intercorp Financial Services Inc. $IFS

Nipun Capital L.P. cut its holdings in Intercorp Financial Services Inc. (NYSE:IFS) by 48.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,200 shares of the company’s stock after selling 9,700 shares during the period. Intercorp Financial Services comprises approximately 0.3% of Nipun Capital L.P.’s holdings, making the stock its 9th biggest position. Nipun Capital L.P.’s holdings in Intercorp Financial Services were worth $555,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of IFS. Globeflex Capital L P acquired a new position in Intercorp Financial Services in the second quarter valued at approximately $23,294,000. Hsbc Holdings PLC raised its position in shares of Intercorp Financial Services by 2,364.9% during the 1st quarter. Hsbc Holdings PLC now owns 387,536 shares of the company’s stock worth $19,454,000 after purchasing an additional 371,814 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Intercorp Financial Services by 3.2% in the 1st quarter. Lazard Asset Management LLC now owns 171,339 shares of the company’s stock worth $8,601,000 after purchasing an additional 5,328 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Intercorp Financial Services by 12.8% in the 4th quarter. BNP Paribas Financial Markets now owns 200,942 shares of the company’s stock worth $8,512,000 after purchasing an additional 22,879 shares during the last quarter. Finally, Allianz Asset Management GmbH acquired a new position in Intercorp Financial Services during the 2nd quarter valued at approximately $5,205,000.

Intercorp Financial Services Stock Performance

Shares of IFS traded up $0.89 during trading hours on Thursday, reaching $53.19. 62,270 shares of the company’s stock traded hands, compared to its average volume of 268,818. Intercorp Financial Services Inc. has a twelve month low of $38.29 and a twelve month high of $61.38. The business’s fifty day simple moving average is $55.46 and its two-hundred day simple moving average is $53.08. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.10 and a quick ratio of 1.08. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 9.72, a P/E/G ratio of 0.71 and a beta of 0.79.

Intercorp Financial Services (NYSE:IFS) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.08. The business had revenue of $493.38 million during the quarter, compared to the consensus estimate of $520.46 million. Intercorp Financial Services had a net margin of 34.81% and a return on equity of 17.06%. Analysts predict that Intercorp Financial Services Inc. will post 6.11 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Zacks Research raised Intercorp Financial Services from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. boosted their price target on shares of Intercorp Financial Services from $56.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, August 27th. Wall Street Zen lowered shares of Intercorp Financial Services from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings raised shares of Intercorp Financial Services from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $62.00.

Intercorp Financial Services Profile

Intercorp Financial Services Inc (NYSE: IFS) is a Peru-based financial services holding company and part of the broader Intercorp group. The company provides banking, insurance, wealth management and payment services primarily in Peru through its operating subsidiaries.

Its principal banking business is conducted through Interbank, which serves individuals and businesses with deposit accounts, loans, credit cards, payment solutions and other financial products. Interseguro provides insurance products, while Inteligo offers investment, brokerage and wealth management services to retail and institutional clients.