Hsbc Holdings PLC Takes Position in Intercorp Financial Services Inc. $IFS

Hsbc Holdings PLC purchased a new stake in Intercorp Financial Services Inc. (NYSE:IFS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 15,722 shares of the company’s stock, valued at approximately $662,000.

A number of other institutional investors have also recently bought and sold shares of IFS. Caitong International Asset Management Co. Ltd raised its holdings in Intercorp Financial Services by 106.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the company’s stock worth $32,000 after buying an additional 384 shares during the period. Blue Trust Inc. acquired a new position in shares of Intercorp Financial Services in the fourth quarter worth about $94,000. SG Americas Securities LLC boosted its holdings in shares of Intercorp Financial Services by 43.1% in the fourth quarter. SG Americas Securities LLC now owns 5,308 shares of the company’s stock worth $225,000 after buying an additional 1,599 shares during the period. Pinnacle Associates Ltd. purchased a new position in shares of Intercorp Financial Services in the third quarter worth approximately $275,000. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Intercorp Financial Services in the fourth quarter worth approximately $294,000.

Analysts Set New Price Targets

A number of research firms have recently issued reports on IFS. Weiss Ratings restated a “buy (b)” rating on shares of Intercorp Financial Services in a report on Friday, May 22nd. JPMorgan Chase & Co. cut shares of Intercorp Financial Services from an “overweight” rating to a “neutral” rating and set a $56.00 price objective on the stock. in a research report on Monday, June 15th. Wall Street Zen raised shares of Intercorp Financial Services from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Zacks Research raised shares of Intercorp Financial Services from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $56.00.

Intercorp Financial Services Trading Up 0.3%

NYSE:IFS opened at $60.16 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.08 and a quick ratio of 1.08. Intercorp Financial Services Inc. has a fifty-two week low of $35.45 and a fifty-two week high of $61.38. The stock’s 50-day moving average is $52.68 and its two-hundred day moving average is $49.23. The stock has a market cap of $6.68 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 0.83 and a beta of 0.78.

Intercorp Financial Services (NYSE:IFS) last issued its earnings results on Tuesday, March 31st. The company reported $1.54 earnings per share for the quarter. The company had revenue of $508.76 million for the quarter. Intercorp Financial Services had a return on equity of 17.49% and a net margin of 30.53%. As a group, equities research analysts forecast that Intercorp Financial Services Inc. will post 5.97 earnings per share for the current fiscal year.

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.