Intercorp Financial Services (NYSE:IFS) Sees Large Volume Increase

Shares of Intercorp Financial Services Inc. (NYSE:IFS) saw unusually-strong trading volume on Wednesday . Approximately 201,987 shares traded hands during mid-day trading, an increase of 106% from the previous session’s volume of 97,859 shares.The stock last traded at $26.44 and had previously closed at $26.18.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. cut their price objective on 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 Stock Down 0.1 %

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 stock’s 50 day moving average price is $23.96 and its 200-day moving average price is $23.33. The company has a market cap of $3.02 billion, a PE ratio of 11.78, a PEG ratio of 0.30 and a beta of 1.32.

Intercorp Financial Services (NYSE:IFS) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.09. Intercorp Financial Services had a net margin of 14.94% and a return on equity of 8.97%. The business had revenue of $414.92 million during the quarter, compared to analyst estimates of $423.35 million. On average, analysts predict that Intercorp Financial Services Inc. will post 3.19 earnings per share for the current year.

Insider Buying and Selling at Intercorp Financial Services

In related news, major shareholder Peru Ltd Intercorp purchased 247,311 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were acquired at an average price of $19.65 per share, for a total transaction of $4,859,661.15. Following the completion of the acquisition, the insider now directly owns 1,842,999 shares in the company, valued at approximately $36,214,930.35. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Trading of Intercorp Financial Services

Large investors have recently bought and sold shares of the company. Helikon Investments Ltd boosted its holdings in shares of Intercorp Financial Services by 208.5% during the 2nd quarter. Helikon Investments Ltd now owns 781,345 shares of the company’s stock valued at $17,510,000 after buying an additional 528,099 shares in the last quarter. Marshall Wace LLP increased its stake in shares of Intercorp Financial Services by 544.1% during the second quarter. Marshall Wace LLP now owns 84,377 shares of the company’s stock valued at $1,891,000 after purchasing an additional 71,277 shares in the last quarter. Absolute Gestao de Investimentos Ltda. purchased a new position in shares of Intercorp Financial Services during the first quarter valued at approximately $1,465,000. Schroder Investment Management Group grew its stake in shares of Intercorp Financial Services by 4.4% in the 4th quarter. Schroder Investment Management Group now owns 752,596 shares of the company’s stock worth $16,519,000 after buying an additional 31,842 shares during the last quarter. Finally, Dodge & Cox bought a new position in Intercorp Financial Services during the 4th quarter valued at approximately $593,000.

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.