54,043 Shares in Intercorp Financial Services Inc. $IFS Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new position in Intercorp Financial Services Inc. (NYSE:IFS) during the second quarter, HoldingsChannel reports. The fund acquired 54,043 shares of the company’s stock, valued at approximately $3,078,000.

Several other hedge funds have also modified their holdings of IFS. Globeflex Capital L P bought a new position in Intercorp Financial Services in the 2nd quarter valued at $23,294,000. Hsbc Holdings PLC increased its holdings in 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 in the last quarter. Millennium Management LLC boosted its position in Intercorp Financial Services by 66.7% during the fourth quarter. Millennium Management LLC now owns 639,381 shares of the company’s stock valued at $27,084,000 after purchasing an additional 255,753 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of Intercorp Financial Services by 34.2% during the 4th quarter. Schroder Investment Management Group now owns 750,628 shares of the company’s stock worth $31,797,000 after purchasing an additional 191,217 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Intercorp Financial Services by 1,722.7% during the 2nd quarter. Jane Street Group LLC now owns 157,794 shares of the company’s stock worth $6,017,000 after acquiring an additional 149,137 shares during the last quarter.

Analysts Set New Price Targets

Several analysts have weighed in on IFS shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Intercorp Financial Services in a research note on Wednesday, August 19th. Zacks Research raised Intercorp Financial Services from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Wall Street Zen downgraded shares of Intercorp Financial Services from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, JPMorgan Chase & Co. increased their price target on shares of Intercorp Financial Services from $56.00 to $62.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $62.00.

Intercorp Financial Services Stock Performance

IFS opened at $55.57 on Friday. Intercorp Financial Services Inc. has a 1-year low of $38.29 and a 1-year high of $61.38. The company has a market cap of $6.17 billion, a price-to-earnings ratio of 10.16, a PEG ratio of 0.73 and a beta of 0.78. The company’s fifty day moving average price is $57.31 and its two-hundred day moving average price is $51.86. The company has a current ratio of 1.10, a quick ratio of 1.08 and a debt-to-equity ratio of 0.59.

Intercorp Financial Services (NYSE:IFS) last posted its earnings results on Tuesday, August 11th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.45 by $0.08. Intercorp Financial Services had a net margin of 34.81% and a return on equity of 17.06%. The company had revenue of $554.15 million during the quarter, compared to the consensus estimate of $520.46 million. On average, analysts expect that Intercorp Financial Services Inc. will post 6.11 EPS for the current fiscal year.

Intercorp Financial Services 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.