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.
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.
Recommended Story: What is Considered a Good Return on Equity (ROE)?
Receive News & Ratings for Intercorp Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercorp Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.