Intercorp Financial Services Inc. $IFS Position Reduced by Quantbot Technologies LP

Quantbot Technologies LP trimmed its position in Intercorp Financial Services Inc. (NYSE:IFS) by 45.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,847 shares of the company’s stock after selling 14,267 shares during the period. Quantbot Technologies LP’s holdings in Intercorp Financial Services were worth $680,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IFS. Jane Street Group LLC acquired a new position in shares of Intercorp Financial Services during the 1st quarter valued at $287,000. Benjamin Edwards Inc. bought a new position in Intercorp Financial Services during the third quarter valued at about $431,000. Virtus Advisers LLC bought a new position in Intercorp Financial Services during the second quarter valued at about $549,000. Quadrature Capital Ltd acquired a new position in Intercorp Financial Services during the second quarter worth about $563,000. Finally, Allianz Asset Management GmbH grew its holdings in Intercorp Financial Services by 165.3% during the third quarter. Allianz Asset Management GmbH now owns 19,692 shares of the company’s stock worth $794,000 after acquiring an additional 12,269 shares during the period.

Intercorp Financial Services Stock Down 0.7%

Shares of NYSE IFS opened at $44.65 on Friday. The stock’s fifty day simple moving average is $47.19 and its 200 day simple moving average is $43.06. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of 9.26, a PEG ratio of 0.36 and a beta of 0.83. Intercorp Financial Services Inc. has a 52-week low of $29.09 and a 52-week high of $52.58.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Intercorp Financial Services in a report on Monday, December 29th. JPMorgan Chase & Co. lifted their price objective on shares of Intercorp Financial Services from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 16th. Finally, Wall Street Zen upgraded shares of Intercorp Financial Services from a “hold” rating to a “buy” rating in a report on Monday, March 2nd. Two 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, Intercorp Financial Services presently has a consensus rating of “Moderate Buy” and an average price target of $48.00.

Intercorp Financial Services 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.