Intercorp Financial Services (NYSE:IFS) Stock Rating Lowered by Wall Street Zen

Intercorp Financial Services (NYSE:IFS) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.

A number of other analysts have also commented on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intercorp Financial Services in a research report on Monday, December 29th. JPMorgan Chase & Co. raised their price objective on Intercorp Financial Services from $42.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $48.00.

Intercorp Financial Services Trading Up 0.6%

NYSE:IFS opened at $50.37 on Friday. Intercorp Financial Services has a 12 month low of $29.09 and a 12 month high of $52.58. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 0.40 and a beta of 0.84. The firm has a fifty day simple moving average of $46.06 and a two-hundred day simple moving average of $42.38.

Institutional Trading of Intercorp Financial Services

Institutional investors and hedge funds have recently modified their holdings of the stock. Globeflex Capital L P lifted its holdings in shares of Intercorp Financial Services by 3,477.7% in the second quarter. Globeflex Capital L P now owns 365,498 shares of the company’s stock valued at $13,936,000 after purchasing an additional 355,282 shares in the last quarter. Marshall Wace LLP raised its position in Intercorp Financial Services by 108.1% in the 2nd quarter. Marshall Wace LLP now owns 519,319 shares of the company’s stock valued at $19,802,000 after buying an additional 269,712 shares during the last quarter. Millennium Management LLC lifted its stake in Intercorp Financial Services by 66.7% during the 4th quarter. Millennium Management LLC now owns 639,381 shares of the company’s stock valued at $27,084,000 after acquiring an additional 255,753 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Intercorp Financial Services by 91.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 502,912 shares of the company’s stock worth $19,176,000 after acquiring an additional 239,920 shares during the last quarter. Finally, Fourth Sail Capital LP boosted its holdings in 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 acquiring an additional 201,100 shares during the last quarter.

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.