Campbell & CO Investment Adviser LLC Cuts Position in Intercorp Financial Services Inc. $IFS

Campbell & CO Investment Adviser LLC lowered its holdings in shares of Intercorp Financial Services Inc. (NYSE:IFS) by 66.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,635 shares of the company’s stock after selling 16,751 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Intercorp Financial Services were worth $348,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Benjamin Edwards Inc. purchased a new stake in shares of Intercorp Financial Services in the third quarter valued at approximately $431,000. Lazard Asset Management LLC grew its stake in Intercorp Financial Services by 40.6% in the 2nd quarter. Lazard Asset Management LLC now owns 119,730 shares of the company’s stock valued at $4,565,000 after acquiring an additional 34,565 shares during the period. HRT Financial LP grew its stake in Intercorp Financial Services by 333.4% in the 2nd quarter. HRT Financial LP now owns 103,657 shares of the company’s stock valued at $3,952,000 after acquiring an additional 79,738 shares during the period. Engineers Gate Manager LP increased its holdings in Intercorp Financial Services by 251.2% in the 2nd quarter. Engineers Gate Manager LP now owns 64,270 shares of the company’s stock worth $2,451,000 after acquiring an additional 45,968 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in Intercorp Financial Services by 111.1% during the second quarter. BNP Paribas Financial Markets now owns 152,304 shares of the company’s stock worth $5,807,000 after acquiring an additional 80,166 shares during the period.

Intercorp Financial Services Stock Performance

Shares of IFS stock opened at $47.05 on Friday. The firm has a market cap of $5.38 billion, a P/E ratio of 9.97, a P/E/G ratio of 0.38 and a beta of 0.84. The firm’s 50 day moving average price is $42.29 and its 200-day moving average price is $40.53. Intercorp Financial Services Inc. has a one year low of $28.90 and a one year high of $48.00.

Intercorp Financial Services (NYSE:IFS) last posted its earnings results on Friday, November 7th. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.04). Intercorp Financial Services had a net margin of 28.41% and a return on equity of 17.27%. The company had revenue of $452.42 million during the quarter, compared to analyst estimates of $441.08 million. As a group, research analysts predict that Intercorp Financial Services Inc. will post 4.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

IFS has been the topic of several research analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intercorp Financial Services in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 15th. Zacks Research cut Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Finally, JPMorgan Chase & Co. boosted their price objective on Intercorp Financial Services from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 16th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $48.00.

About Intercorp Financial Services

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.