Shares of Intercorp Financial Services Inc. (NYSE:IFS – Get Rating) have received a consensus recommendation of “Hold” from the six research firms that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $31.50.
A number of equities research analysts have issued reports on the stock. Itaú Unibanco lowered shares of Intercorp Financial Services from an “outperform” rating to a “market perform” rating and set a $35.00 target price for the company. in a research note on Friday, March 11th. Itau BBA Securities lowered shares of Intercorp Financial Services from an “outperform” rating to a “market perform” rating and set a $35.00 target price for the company. in a research note on Friday, March 11th. Finally, Zacks Investment Research raised shares of Intercorp Financial Services from a “sell” rating to a “hold” rating in a research note on Saturday, April 2nd.
Intercorp Financial Services stock opened at $27.33 on Friday. The company has a 50 day moving average price of $32.70 and a 200 day moving average price of $29.34. Intercorp Financial Services has a 52 week low of $17.67 and a 52 week high of $37.64. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 6.78, a P/E/G ratio of 0.50 and a beta of 1.34.
The firm also recently declared an annual dividend, which will be paid on Friday, May 6th. Stockholders of record on Thursday, April 28th will be issued a dividend of $1.75 per share. The ex-dividend date is Wednesday, April 27th. This represents a dividend yield of 4.8%. This is an increase from Intercorp Financial Services’s previous annual dividend of $0.77. Intercorp Financial Services’s dividend payout ratio (DPR) is currently 41.19%.
Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of Intercorp Financial Services by 146.2% during the 2nd quarter. Bank of America Corp DE now owns 2,031 shares of the company’s stock valued at $51,000 after purchasing an additional 1,206 shares in the last quarter. Deutsche Bank AG raised its holdings in Intercorp Financial Services by 1,150.0% in the 3rd quarter. Deutsche Bank AG now owns 2,500 shares of the company’s stock worth $56,000 after acquiring an additional 2,300 shares during the period. Victory Capital Management Inc. bought a new position in Intercorp Financial Services in the 4th quarter worth $403,000. Morgan Stanley raised its holdings in Intercorp Financial Services by 804.6% in the 1st quarter. Morgan Stanley now owns 16,953 shares of the company’s stock worth $507,000 after acquiring an additional 15,079 shares during the period. Finally, American Century Companies Inc. raised its holdings in Intercorp Financial Services by 31.7% in the 4th quarter. American Century Companies Inc. now owns 17,155 shares of the company’s stock worth $453,000 after acquiring an additional 4,127 shares during the period. Institutional investors and hedge funds own 8.66% of the company’s stock.
Intercorp Financial Services Company Profile (Get Rating)
Intercorp Financial Services Inc provides banking, insurance, and wealth management services for retail and commercial clients in Peru. The company operates through three segments: Banking, Insurance, and Wealth Management. It provides transactional accounts, such as cuenta sueldo and cuenta simple; savings accounts; investment accounts; and time deposits, certificates of deposit, and compensation for service time accounts.
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