Intercorp Financial Services Inc. $IFS Stake Raised by Allianz Asset Management GmbH

Allianz Asset Management GmbH lifted its holdings in shares of Intercorp Financial Services Inc. (NYSE:IFS) by 165.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,692 shares of the company’s stock after buying an additional 12,269 shares during the period. Allianz Asset Management GmbH’s holdings in Intercorp Financial Services were worth $794,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its stake in Intercorp Financial Services by 332.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 63,962 shares of the company’s stock valued at $2,119,000 after acquiring an additional 49,173 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Intercorp Financial Services during the first quarter valued at about $287,000. William Blair Investment Management LLC lifted its holdings in Intercorp Financial Services by 81.4% in the second quarter. William Blair Investment Management LLC now owns 187,534 shares of the company’s stock worth $7,151,000 after purchasing an additional 84,169 shares during the period. State of New Jersey Common Pension Fund D grew its position in Intercorp Financial Services by 100.2% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 42,764 shares of the company’s stock valued at $1,631,000 after buying an additional 21,400 shares in the last quarter. Finally, Envestnet Asset Management Inc. bought a new position in Intercorp Financial Services in the 2nd quarter valued at about $1,432,000.

Intercorp Financial Services Trading Down 3.6%

Shares of IFS opened at $47.53 on Friday. 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 $5.44 billion, a P/E ratio of 9.86, a P/E/G ratio of 0.40 and a beta of 0.84. The business’s 50-day moving average price is $45.27 and its 200 day moving average price is $41.89.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on IFS shares. JPMorgan Chase & Co. upped their price target on shares of Intercorp Financial Services from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 16th. Wall Street Zen raised Intercorp Financial Services from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Intercorp Financial Services in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $48.00.

Intercorp Financial Services Company 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.