Intercorp Financial Services (NYSE:IFS) Rating Increased to Strong-Buy at Wall Street Zen

Intercorp Financial Services (NYSE:IFS) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

Intercorp Financial Services Stock Down 0.1%

Shares of NYSE:IFS opened at $38.68 on Friday. Intercorp Financial Services has a 52-week low of $23.18 and a 52-week high of $40.24. The firm has a market capitalization of $4.43 billion, a P/E ratio of 8.60, a P/E/G ratio of 0.36 and a beta of 1.15. The stock has a 50 day moving average price of $36.87 and a 200-day moving average price of $34.32. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.12 and a current ratio of 1.12.

Insider Activity

In other news, major shareholder Peru Ltd Intercorp bought 17,803 shares of the firm’s stock in a transaction dated Tuesday, July 22nd. The stock was purchased at an average price of $19.66 per share, with a total value of $350,006.98. Following the transaction, the insider owned 2,946,766 shares of the company’s stock, valued at approximately $57,933,419.56. The trade was a 0.61% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Trading of Intercorp Financial Services

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. grew its stake in shares of Intercorp Financial Services by 4.0% in the 1st quarter. Principal Financial Group Inc. now owns 396,356 shares of the company’s stock worth $13,131,000 after buying an additional 15,087 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Intercorp Financial Services by 141.4% in the 4th quarter. Bank of America Corp DE now owns 28,875 shares of the company’s stock worth $847,000 after buying an additional 16,916 shares during the last quarter. Northern Trust Corp grew its stake in shares of Intercorp Financial Services by 103.5% in the 4th quarter. Northern Trust Corp now owns 61,206 shares of the company’s stock worth $1,796,000 after buying an additional 31,136 shares during the last quarter. Helikon Investments Ltd grew its stake in shares of Intercorp Financial Services by 21.9% in the 1st quarter. Helikon Investments Ltd now owns 1,188,211 shares of the company’s stock worth $39,365,000 after buying an additional 213,392 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of Intercorp Financial Services in the 4th quarter worth approximately $1,382,000.

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.