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

Intercorp Financial Services Inc. (NYSE:IFS) saw a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 211,321 shares, a decrease of 25.4% from the February 12th total of 283,202 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 227,368 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 227,368 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.2% of the shares of the stock are sold short.

Analyst Ratings Changes

IFS has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their target price 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. Wall Street Zen lowered shares of Intercorp Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Intercorp Financial Services in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.

Intercorp Financial Services Trading Up 0.1%

NYSE:IFS traded up $0.03 during trading hours on Friday, hitting $44.77. 227,468 shares of the stock were exchanged, compared to its average volume of 260,949. The firm’s fifty day moving average price is $47.51 and its 200 day moving average price is $43.28. Intercorp Financial Services has a 52-week low of $29.09 and a 52-week high of $52.58. The company has a market cap of $5.12 billion, a P/E ratio of 9.29, a P/E/G ratio of 0.36 and a beta of 0.83.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in Intercorp Financial Services by 24.4% in the third quarter. Principal Financial Group Inc. now owns 534,609 shares of the company’s stock valued at $21,566,000 after purchasing an additional 104,792 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Intercorp Financial Services by 91.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 502,912 shares of the company’s stock worth $19,176,000 after purchasing an additional 239,920 shares during the period. Envestnet Asset Management Inc. acquired a new stake in shares of Intercorp Financial Services during the 2nd quarter worth about $1,432,000. Globeflex Capital L P increased its position in shares of Intercorp Financial Services by 3,477.7% during the 2nd quarter. Globeflex Capital L P now owns 365,498 shares of the company’s stock worth $13,936,000 after purchasing an additional 355,282 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Intercorp Financial Services by 62.6% in the 2nd quarter. American Century Companies Inc. now owns 291,491 shares of the company’s stock valued at $11,115,000 after buying an additional 112,185 shares during the period.

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.