Intercorp Financial Services (NYSE:IFS) Sees Strong Trading Volume

Shares of Intercorp Financial Services Inc. (NYSE:IFS) saw unusually-high trading volume on Wednesday . Approximately 110,147 shares traded hands during mid-day trading, an increase of 14% from the previous session’s volume of 96,734 shares.The stock last traded at $24.49 and had previously closed at $24.32.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered their target price on shares of Intercorp Financial Services from $31.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, September 12th.

Intercorp Financial Services Price Performance

The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.12 and a current ratio of 1.10. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 10.93, a price-to-earnings-growth ratio of 0.30 and a beta of 1.32. The company has a 50-day moving average price of $23.54 and a 200-day moving average price of $23.50.

Intercorp Financial Services (NYSE:IFS) last issued its earnings results on Wednesday, August 14th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.57 by $0.09. The firm had revenue of $414.92 million during the quarter, compared to the consensus estimate of $423.35 million. Intercorp Financial Services had a net margin of 14.94% and a return on equity of 8.97%. On average, equities research analysts expect that Intercorp Financial Services Inc. will post 3.17 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Peru Ltd Intercorp acquired 342,154 shares of the stock in a transaction dated Thursday, June 27th. The stock was bought at an average price of $19.67 per share, with a total value of $6,730,169.18. Following the completion of the transaction, the insider now directly owns 1,595,688 shares of the company’s stock, valued at $31,387,182.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hedge Funds Weigh In On Intercorp Financial Services

A number of large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in shares of Intercorp Financial Services in the 1st quarter valued at about $31,000. Lord Abbett & CO. LLC grew its stake in Intercorp Financial Services by 1.3% in the first quarter. Lord Abbett & CO. LLC now owns 187,719 shares of the company’s stock valued at $4,470,000 after purchasing an additional 2,329 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Intercorp Financial Services by 44.9% during the 2nd quarter. Acadian Asset Management LLC now owns 21,952 shares of the company’s stock worth $490,000 after purchasing an additional 6,807 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Intercorp Financial Services during the 4th quarter worth approximately $255,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Intercorp Financial Services in the 2nd quarter valued at approximately $387,000.

Intercorp Financial Services Company Profile

Intercorp Financial Services Inc, together with its subsidiaries, offers banking, insurance, wealth management, and payment services for retail and commercial clients in Peru. The company provides loans, credit facilities, deposits, and current accounts; life annuity products with single-premium payment and conventional life insurance products, as well as other retail insurance products; and brokerage and investment management services.