Banco BTG Pactual S.A. Lowers Holdings in Intercorp Financial Services Inc. $IFS

Banco BTG Pactual S.A. trimmed its holdings in Intercorp Financial Services Inc. (NYSE:IFS) by 41.9% in the 4th quarter, HoldingsChannel reports. The fund owned 75,300 shares of the company’s stock after selling 54,374 shares during the quarter. Banco BTG Pactual S.A.’s holdings in Intercorp Financial Services were worth $3,190,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC purchased a new position in Intercorp Financial Services in the fourth quarter worth approximately $467,000. JPMorgan Chase & Co. grew its position in Intercorp Financial Services by 7.2% in the fourth quarter. JPMorgan Chase & Co. now owns 631,168 shares of the company’s stock worth $26,736,000 after acquiring an additional 42,149 shares during the period. Globeflex Capital L P boosted its position in shares of Intercorp Financial Services by 17.5% during the fourth quarter. Globeflex Capital L P now owns 429,545 shares of the company’s stock worth $18,196,000 after buying an additional 64,047 shares during the period. Channing Global Advisors LLC purchased a new position in shares of Intercorp Financial Services during the fourth quarter worth $615,000. Finally, BNP Paribas Financial Markets boosted its position in shares of Intercorp Financial Services by 12.8% during the fourth quarter. BNP Paribas Financial Markets now owns 200,942 shares of the company’s stock worth $8,512,000 after buying an additional 22,879 shares during the period.

Intercorp Financial Services Stock Up 3.3%

Shares of NYSE IFS opened at $55.26 on Friday. The stock has a market cap of $6.14 billion, a P/E ratio of 10.33, a PEG ratio of 0.76 and a beta of 0.80. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.61. Intercorp Financial Services Inc. has a 12-month low of $35.39 and a 12-month high of $55.94. The business’s fifty day simple moving average is $48.19 and its 200-day simple moving average is $46.47.

Intercorp Financial Services (NYSE:IFS) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $1.54 earnings per share (EPS) for the quarter. The business had revenue of $508.76 million for the quarter. Intercorp Financial Services had a return on equity of 17.49% and a net margin of 30.53%. As a group, equities analysts predict that Intercorp Financial Services Inc. will post 5.82 EPS for the current fiscal year.

Intercorp Financial Services Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Tuesday, May 5th. Stockholders of record on Friday, April 24th were paid a $1.80 dividend. The ex-dividend date was Friday, April 24th. This is an increase from Intercorp Financial Services’s previous annual dividend of $1.00. This represents a dividend yield of 401.0%. Intercorp Financial Services’s payout ratio is 31.96%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on IFS shares. JPMorgan Chase & Co. raised their price target on Intercorp Financial Services from $48.00 to $56.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. Wall Street Zen upgraded Intercorp Financial Services from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Zacks Research upgraded Intercorp Financial Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Intercorp Financial Services in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $56.00.

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.