Renaissance Group LLC Has $1.16 Million Stock Holdings in Intercorp Financial Services Inc. $IFS

Renaissance Group LLC trimmed its position in Intercorp Financial Services Inc. (NYSE:IFS) by 43.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,768 shares of the company’s stock after selling 21,850 shares during the quarter. Renaissance Group LLC’s holdings in Intercorp Financial Services were worth $1,161,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IFS. Allianz Asset Management GmbH acquired a new stake in shares of Intercorp Financial Services during the 2nd quarter worth approximately $283,000. Jane Street Group LLC bought a new position in Intercorp Financial Services in the first quarter valued at approximately $287,000. Benjamin Edwards Inc. acquired a new stake in Intercorp Financial Services during the 3rd quarter worth $431,000. Y Intercept Hong Kong Ltd acquired a new stake in Intercorp Financial Services during the 2nd quarter worth $516,000. Finally, Virtus Advisers LLC bought a new stake in shares of Intercorp Financial Services during the 2nd quarter valued at $549,000.

Intercorp Financial Services Trading Up 2.7%

Shares of Intercorp Financial Services stock opened at $51.26 on Friday. The stock’s fifty day simple moving average is $44.28 and its 200 day simple moving average is $41.44. The company has a market capitalization of $5.87 billion, a PE ratio of 10.86, a PEG ratio of 0.41 and a beta of 0.84. Intercorp Financial Services Inc. has a 12 month low of $29.09 and a 12 month high of $52.58.

Intercorp Financial Services (NYSE:IFS) last announced its quarterly earnings results on Friday, November 7th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.04). The business had revenue of $452.42 million during the quarter, compared to the consensus estimate of $441.08 million. Intercorp Financial Services had a return on equity of 17.27% and a net margin of 28.41%. Analysts predict that Intercorp Financial Services Inc. will post 4.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

IFS has been the topic of several recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Intercorp Financial Services in a research report on Monday, December 29th. Wall Street Zen cut Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. Finally, JPMorgan Chase & Co. upped their price target 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 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $48.00.

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.