Intercorp Financial Services Inc. (NYSE:IFS) Short Interest Update

Intercorp Financial Services Inc. (NYSE:IFS) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 103,189 shares, an increase of 39.1% from the December 15th total of 74,186 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 164,726 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 164,726 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the company’s stock are short sold.

Intercorp Financial Services Trading Up 0.0%

NYSE IFS traded up $0.01 on Monday, hitting $45.01. 117,946 shares of the company traded hands, compared to its average volume of 148,469. The business’s 50 day moving average price is $41.68 and its 200-day moving average price is $40.25. Intercorp Financial Services has a 52-week low of $28.74 and a 52-week high of $45.99. The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of 9.54, a P/E/G ratio of 0.34 and a beta of 0.84.

Intercorp Financial Services (NYSE:IFS) last posted its quarterly earnings data on Friday, November 7th. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.04). The company had revenue of $452.42 million for the quarter, compared to analysts’ expectations of $441.08 million. Intercorp Financial Services had a net margin of 28.41% and a return on equity of 17.27%. As a group, sell-side analysts predict that Intercorp Financial Services will post 4.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on IFS. JPMorgan Chase & Co. upped their price target on Intercorp Financial Services from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Intercorp Financial Services in a report on Monday, December 29th. Zacks Research lowered Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Finally, Wall Street Zen downgraded shares of Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 15th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $48.00.

Insider Buying and Selling at Intercorp Financial Services

In other news, major shareholder Peru Ltd Intercorp purchased 7,125 shares of Intercorp Financial Services stock in a transaction that occurred on Tuesday, October 21st. The shares were bought at an average cost of $19.65 per share, with a total value of $140,006.25. Following the completion of the purchase, the insider directly owned 3,100,737 shares in the company, valued at approximately $60,929,482.05. This trade represents a 0.23% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Trading of Intercorp Financial Services

A number of hedge funds and other institutional investors have recently modified their holdings of IFS. Blue Trust Inc. purchased a new stake in Intercorp Financial Services in the 4th quarter worth $94,000. Centiva Capital LP bought a new stake in shares of Intercorp Financial Services in the third quarter worth about $216,000. SG Americas Securities LLC increased its holdings in shares of Intercorp Financial Services by 43.1% in the fourth quarter. SG Americas Securities LLC now owns 5,308 shares of the company’s stock worth $225,000 after purchasing an additional 1,599 shares during the last quarter. Pinnacle Associates Ltd. bought a new position in Intercorp Financial Services during the third quarter valued at approximately $275,000. Finally, Allianz Asset Management GmbH purchased a new position in Intercorp Financial Services during the 2nd quarter valued at approximately $283,000.

About Intercorp Financial Services

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.