Intercorp Financial Services (NYSE:IFS) Upgraded at Zacks Research

Zacks Research upgraded shares of Intercorp Financial Services (NYSE:IFS) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

Separately, Wall Street Zen upgraded Intercorp Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 16th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy” and a consensus target price of $30.00.

Intercorp Financial Services Stock Performance

IFS opened at $40.70 on Tuesday. The company has a market cap of $4.66 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 0.37 and a beta of 1.16. The stock has a 50-day moving average of $37.82 and a 200-day moving average of $35.08. Intercorp Financial Services has a 52-week low of $23.95 and a 52-week high of $41.52. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.12 and a current ratio of 1.12.

Insiders Place Their Bets

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp bought 17,803 shares of the firm’s stock in a transaction that occurred on Tuesday, July 22nd. The stock was purchased at an average price of $19.66 per share, for a total transaction of $350,006.98. Following the purchase, the insider directly owned 2,946,766 shares in the company, valued at $57,933,419.56. This trade represents a 0.61% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional Trading of Intercorp Financial Services

Hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its stake in Intercorp Financial Services by 4.0% during the 1st quarter. Principal Financial Group Inc. now owns 396,356 shares of the company’s stock valued at $13,131,000 after purchasing an additional 15,087 shares during the period. Bank of America Corp DE boosted its stake in Intercorp Financial Services by 141.4% during the 4th quarter. Bank of America Corp DE now owns 28,875 shares of the company’s stock valued at $847,000 after purchasing an additional 16,916 shares during the period. Northern Trust Corp raised its holdings in Intercorp Financial Services by 103.5% in the 4th quarter. Northern Trust Corp now owns 61,206 shares of the company’s stock valued at $1,796,000 after acquiring an additional 31,136 shares in the last quarter. Helikon Investments Ltd raised its holdings in Intercorp Financial Services by 21.9% in the 1st quarter. Helikon Investments Ltd now owns 1,188,211 shares of the company’s stock valued at $39,365,000 after acquiring an additional 213,392 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new position in Intercorp Financial Services in the 4th quarter valued at approximately $1,382,000.

About Intercorp Financial Services

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.