Lingohr Asset Management GmbH Buys 11,800 Shares of Intercorp Financial Services Inc. $IFS

Lingohr Asset Management GmbH lifted its stake in Intercorp Financial Services Inc. (NYSE:IFS) by 29.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,335 shares of the company’s stock after purchasing an additional 11,800 shares during the period. Lingohr Asset Management GmbH’s holdings in Intercorp Financial Services were worth $2,093,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of IFS. Allianz Asset Management GmbH bought a new stake in shares of Intercorp Financial Services during the second quarter valued at approximately $283,000. Y Intercept Hong Kong Ltd bought a new position in Intercorp Financial Services in the second quarter worth $516,000. Arrowstreet Capital Limited Partnership lifted its position in Intercorp Financial Services by 91.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 502,912 shares of the company’s stock valued at $19,176,000 after buying an additional 239,920 shares during the period. Fourth Sail Capital LP boosted its holdings in shares of Intercorp Financial Services by 78.0% during the 2nd quarter. Fourth Sail Capital LP now owns 458,974 shares of the company’s stock valued at $17,501,000 after buying an additional 201,100 shares in the last quarter. Finally, Globeflex Capital L P boosted its holdings 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 valued at $13,936,000 after buying an additional 355,282 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IFS. Zacks Research lowered shares of Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Weiss Ratings restated a “buy (b-)” rating on shares of Intercorp Financial Services in a report on Monday, December 29th. JPMorgan Chase & Co. lifted their target price on shares of Intercorp Financial Services from $42.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. Finally, Wall Street Zen cut Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 15th. 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, Intercorp Financial Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.00.

Intercorp Financial Services Stock Performance

NYSE:IFS opened at $48.95 on Friday. The firm has a market cap of $5.60 billion, a P/E ratio of 10.37, a P/E/G ratio of 0.40 and a beta of 0.84. Intercorp Financial Services Inc. has a fifty-two week low of $29.09 and a fifty-two week high of $50.80. The firm has a 50-day simple moving average of $43.24 and a two-hundred day simple moving average of $40.94.

Intercorp Financial Services (NYSE:IFS) last issued its 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 firm 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%. On average, equities research analysts predict that Intercorp Financial Services Inc. will post 4.23 EPS for the current year.

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.