Intercorp Financial Services (NYSE:IFS) Downgraded by Wall Street Zen to “Hold”

Intercorp Financial Services (NYSE:IFS) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “hold” rating in a note issued to investors on Saturday.

Several other equities research analysts have also recently commented on IFS. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercorp Financial Services in a research report on Wednesday, October 8th. Zacks Research cut shares of Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Intercorp Financial Services Price Performance

Shares of IFS stock opened at $39.50 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.12 and a current ratio of 1.12. Intercorp Financial Services has a fifty-two week low of $27.66 and a fifty-two week high of $43.67. The firm has a market cap of $4.52 billion, a P/E ratio of 8.37, a P/E/G ratio of 0.35 and a beta of 1.12. The business’s 50 day moving average price is $41.08 and its 200-day moving average price is $38.27.

Intercorp Financial Services (NYSE:IFS) last announced its quarterly earnings results on Thursday, November 6th. The company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.04). The business had revenue of $486.96 million during the quarter, compared to analysts’ expectations of $441.08 million. Intercorp Financial Services had a return on equity of 17.27% and a net margin of 28.41%. On average, equities research analysts anticipate that Intercorp Financial Services will post 4.23 earnings per share for the current year.

Insider Transactions at Intercorp Financial Services

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp acquired 20,113 shares of the company’s stock in a transaction that occurred on Wednesday, September 24th. The shares were acquired at an average price of $19.64 per share, with a total value of $395,019.32. Following the completion of the purchase, the insider directly owned 3,093,612 shares of the company’s stock, valued at approximately $60,758,539.68. The trade was a 0.65% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Hedge Funds Weigh In On Intercorp Financial Services

Several large investors have recently made changes to their positions in the business. Pinnacle Associates Ltd. bought a new stake in shares of Intercorp Financial Services in the 3rd quarter worth approximately $275,000. Allianz Asset Management GmbH purchased a new position in Intercorp Financial Services during the second quarter valued at $283,000. Jane Street Group LLC bought a new stake in Intercorp Financial Services in the first quarter worth $287,000. Mackenzie Financial Corp bought a new stake in Intercorp Financial Services in the first quarter worth $303,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Intercorp Financial Services in the third quarter worth $325,000.

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.