Lingohr Asset Management GmbH Grows Position in Intercorp Financial Services Inc. $IFS

Lingohr Asset Management GmbH boosted its holdings in Intercorp Financial Services Inc. (NYSE:IFS) by 29.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 52,335 shares of the company’s stock after acquiring an additional 11,800 shares during the period. Lingohr Asset Management GmbH’s holdings in Intercorp Financial Services were worth $2,093,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Acadian Asset Management LLC grew its stake in shares of Intercorp Financial Services by 14.1% in the second quarter. Acadian Asset Management LLC now owns 986,309 shares of the company’s stock worth $37,566,000 after acquiring an additional 122,219 shares during the period. Marshall Wace LLP lifted its position in Intercorp Financial Services by 108.1% during the second quarter. Marshall Wace LLP now owns 519,319 shares of the company’s stock valued at $19,802,000 after purchasing an additional 269,712 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Intercorp Financial Services by 91.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 502,912 shares of the company’s stock worth $19,176,000 after purchasing an additional 239,920 shares during the last quarter. JPMorgan Chase & Co. grew its position in Intercorp Financial Services by 31.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 481,729 shares of the company’s stock worth $18,368,000 after purchasing an additional 114,443 shares during the period. Finally, Fourth Sail Capital LP raised its stake in Intercorp Financial Services by 78.0% during the 2nd quarter. Fourth Sail Capital LP now owns 458,974 shares of the company’s stock valued at $17,501,000 after buying an additional 201,100 shares during the last quarter.

Wall Street Analyst Weigh In

IFS has been the topic of several research analyst reports. Zacks Research cut Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Intercorp Financial Services in a report on Monday, December 29th. JPMorgan Chase & Co. raised their target price on Intercorp Financial Services from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Finally, Wall Street Zen downgraded Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 15th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. 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 Down 1.2%

IFS stock opened at $48.95 on Friday. The business’s 50-day moving average price is $43.24 and its 200-day moving average price is $40.94. The stock has a market cap of $5.60 billion, a P/E ratio of 10.37, a PEG ratio of 0.40 and a beta of 0.84. Intercorp Financial Services Inc. has a twelve month low of $29.09 and a twelve month high of $50.80.

Intercorp Financial Services (NYSE:IFS) last released its earnings results on Friday, November 7th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.04). Intercorp Financial Services had a return on equity of 17.27% and a net margin of 28.41%.The firm had revenue of $452.42 million during the quarter, compared to analysts’ expectations of $441.08 million. On average, equities research analysts expect that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current fiscal year.

About Intercorp Financial Services

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.