Intercorp Financial Services Inc. $IFS Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in shares of Intercorp Financial Services Inc. (NYSE:IFS) by 24.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 534,609 shares of the company’s stock after acquiring an additional 104,792 shares during the period. Principal Financial Group Inc. owned 0.47% of Intercorp Financial Services worth $21,566,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Allianz Asset Management GmbH acquired a new position in Intercorp Financial Services in the second quarter valued at approximately $283,000. Y Intercept Hong Kong Ltd purchased a new stake in Intercorp Financial Services in the second quarter valued at $516,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Intercorp Financial Services by 91.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 502,912 shares of the company’s stock valued at $19,176,000 after purchasing an additional 239,920 shares during the last quarter. Fourth Sail Capital LP grew its holdings in shares of Intercorp Financial Services by 78.0% during the 2nd quarter. Fourth Sail Capital LP now owns 458,974 shares of the company’s stock worth $17,501,000 after purchasing an additional 201,100 shares during the period. Finally, Globeflex Capital L P grew its holdings in shares of Intercorp Financial Services by 3,477.7% during the 2nd quarter. Globeflex Capital L P now owns 365,498 shares of the company’s stock worth $13,936,000 after purchasing an additional 355,282 shares during the period.

Intercorp Financial Services Stock Performance

Shares of IFS opened at $51.26 on Friday. The company’s 50-day simple moving average is $44.28 and its 200-day simple moving average is $41.44. Intercorp Financial Services Inc. has a 1 year low of $29.09 and a 1 year high of $52.58. The stock has a market capitalization of $5.87 billion, a PE ratio of 10.86, a P/E/G ratio of 0.41 and a beta of 0.84.

Intercorp Financial Services (NYSE:IFS) last announced its quarterly earnings data on Friday, November 7th. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.04). The business had revenue of $452.42 million during the quarter, compared to analyst estimates of $441.08 million. Intercorp Financial Services had a net margin of 28.41% and a return on equity of 17.27%. On average, sell-side analysts predict that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current year.

Wall Street Analyst Weigh In

IFS has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intercorp Financial Services in a research report on Monday, December 29th. Wall Street Zen lowered shares of Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Intercorp Financial Services from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Two investment 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 presently has a consensus rating of “Moderate Buy” and an average target price of $48.00.

Intercorp Financial Services Profile

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.