Intercorp Financial Services (NYSE:IFS) Shares Gap Down to $31.45


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Intercorp Financial Services Inc. (NYSE:IFS) gapped down before the market opened on Tuesday . The stock had previously closed at $31.45, but opened at $30.53. Intercorp Financial Services shares last traded at $30.53, with a volume of 4 shares trading hands.

A number of equities research analysts have recently weighed in on the company. Scotiabank lowered Intercorp Financial Services from a “sector outperform” rating to a “sector perform” rating and set a $36.00 target price for the company. in a research note on Tuesday, January 19th. Zacks Investment Research upgraded shares of Intercorp Financial Services from a “hold” rating to a “strong-buy” rating and set a $40.00 target price on the stock in a report on Monday, February 22nd. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Intercorp Financial Services has a consensus rating of “Buy” and a consensus price target of $33.20.

The stock’s 50-day simple moving average is $31.68 and its 200-day simple moving average is $28.89. The firm has a market capitalization of $3.54 billion and a PE ratio of 29.52.

Intercorp Financial Services (NYSE:IFS) last released its quarterly earnings results on Thursday, February 11th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.26. The company had revenue of $329.69 million during the quarter, compared to the consensus estimate of $377.74 million. Intercorp Financial Services had a net margin of 8.64% and a return on equity of 16.98%. As a group, analysts expect that Intercorp Financial Services Inc. will post 0.81 EPS for the current year.

The company also recently declared an annual dividend, which will be paid on Thursday, May 6th. Investors of record on Wednesday, April 28th will be given a dividend of $0.77 per share. The ex-dividend date is Tuesday, April 27th. This represents a dividend yield of 5.6%.

A number of institutional investors and hedge funds have recently bought and sold shares of IFS. BlackRock Inc. purchased a new position in Intercorp Financial Services during the 4th quarter valued at about $16,522,000. Schroder Investment Management Group purchased a new position in Intercorp Financial Services during the fourth quarter valued at $6,166,000. Alliancebernstein L.P. grew its stake in shares of Intercorp Financial Services by 28.9% in the fourth quarter. Alliancebernstein L.P. now owns 436,440 shares of the company’s stock worth $14,119,000 after acquiring an additional 97,880 shares during the last quarter. Northern Trust Corp bought a new position in shares of Intercorp Financial Services during the fourth quarter valued at $1,210,000. Finally, FIL Ltd raised its position in shares of Intercorp Financial Services by 6.9% in the 4th quarter. FIL Ltd now owns 520,700 shares of the company’s stock worth $16,763,000 after purchasing an additional 33,594 shares during the last quarter. Institutional investors and hedge funds own 6.55% of the company’s stock.

Intercorp Financial Services Company Profile (NYSE:IFS)

Intercorp Financial Services Inc provides banking, insurance, and wealth management services for retail and commercial clients in Peru. It provides current accounts, deposits, credit facilities, and loans; and annuities and conventional life insurance products, as well as other retail insurance products.

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