William Blair Investment Management LLC Has $18.93 Million Stock Holdings in Intercorp Financial Services Inc. $IFS

William Blair Investment Management LLC increased its holdings in shares of Intercorp Financial Services Inc. (NYSE:IFS) by 18.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 446,887 shares of the company’s stock after purchasing an additional 70,288 shares during the period. William Blair Investment Management LLC’s holdings in Intercorp Financial Services were worth $18,930,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its stake in Intercorp Financial Services by 43.1% during the fourth quarter. SG Americas Securities LLC now owns 5,308 shares of the company’s stock valued at $225,000 after acquiring an additional 1,599 shares during the period. Geode Capital Management LLC increased its stake in Intercorp Financial Services by 9.7% during the second quarter. Geode Capital Management LLC now owns 20,649 shares of the company’s stock valued at $787,000 after acquiring an additional 1,824 shares during the period. Blue Trust Inc. bought a new position in Intercorp Financial Services during the fourth quarter valued at about $94,000. Boston Partners increased its stake in Intercorp Financial Services by 14.4% during the third quarter. Boston Partners now owns 25,508 shares of the company’s stock valued at $1,029,000 after acquiring an additional 3,210 shares during the period. Finally, Centiva Capital LP bought a new position in Intercorp Financial Services during the third quarter valued at about $216,000.

Wall Street Analyst Weigh In

IFS has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on Intercorp Financial Services from $48.00 to $56.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Wall Street Zen upgraded Intercorp Financial Services from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Zacks Research upgraded Intercorp Financial Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Intercorp Financial Services in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to data from MarketBeat.com, Intercorp Financial Services presently has an average rating of “Buy” and an average price target of $56.00.

Intercorp Financial Services Trading Down 0.1%

IFS stock opened at $49.01 on Tuesday. Intercorp Financial Services Inc. has a 1-year low of $34.20 and a 1-year high of $53.00. The firm has a market cap of $5.44 billion, a P/E ratio of 9.16, a P/E/G ratio of 0.75 and a beta of 0.77. The business’s 50 day moving average is $47.51 and its 200-day moving average is $45.60. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.61.

Intercorp Financial Services (NYSE:IFS) last released its quarterly earnings data on Tuesday, March 31st. The company reported $1.54 earnings per share for the quarter. Intercorp Financial Services had a return on equity of 17.49% and a net margin of 30.53%.The company had revenue of $508.76 million for the quarter. Equities analysts anticipate that Intercorp Financial Services Inc. will post 5.82 earnings per share for the current fiscal year.

Intercorp Financial Services Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Tuesday, May 5th. Stockholders of record on Friday, April 24th were paid a $1.80 dividend. The ex-dividend date was Friday, April 24th. This represents a dividend yield of 401.0%. This is an increase from Intercorp Financial Services’s previous annual dividend of $1.00. Intercorp Financial Services’s dividend payout ratio is currently 31.96%.

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.