Public Employees Retirement System of Ohio Reduces Stake in Intercorp Financial Services Inc. $IFS

Public Employees Retirement System of Ohio lessened its position in shares of Intercorp Financial Services Inc. (NYSE:IFS) by 21.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 44,666 shares of the company’s stock after selling 12,289 shares during the period. Public Employees Retirement System of Ohio’s holdings in Intercorp Financial Services were worth $2,242,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in IFS. Schroder Investment Management Group lifted its holdings in Intercorp Financial Services by 34.2% in the 4th quarter. Schroder Investment Management Group now owns 750,628 shares of the company’s stock valued at $31,797,000 after purchasing an additional 191,217 shares in the last quarter. Millennium Management LLC increased its position in Intercorp Financial Services by 66.7% during the 4th quarter. Millennium Management LLC now owns 639,381 shares of the company’s stock worth $27,084,000 after purchasing an additional 255,753 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Intercorp Financial Services by 7.2% in the 4th quarter. JPMorgan Chase & Co. now owns 631,168 shares of the company’s stock valued at $26,736,000 after acquiring an additional 42,149 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Intercorp Financial Services by 15.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 581,245 shares of the company’s stock valued at $23,447,000 after purchasing an additional 78,333 shares during the period. Finally, William Blair Investment Management LLC raised its stake in shares of Intercorp Financial Services by 18.7% during the fourth quarter. William Blair Investment Management LLC now owns 446,887 shares of the company’s stock valued at $18,930,000 after purchasing an additional 70,288 shares during the period.

Analyst Upgrades and Downgrades

Several research firms recently commented on IFS. Weiss Ratings reiterated a “buy (b)” rating on shares of Intercorp Financial Services in a research note on Friday, May 22nd. JPMorgan Chase & Co. lowered shares of Intercorp Financial Services from an “overweight” rating to a “neutral” rating and set a $56.00 price objective on the stock. in a research note on Monday, June 15th. Zacks Research upgraded Intercorp Financial Services from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Finally, Wall Street Zen upgraded Intercorp Financial Services from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Intercorp Financial Services presently has an average rating of “Buy” and a consensus target price of $56.00.

Intercorp Financial Services Price Performance

Shares of NYSE IFS opened at $58.10 on Friday. Intercorp Financial Services Inc. has a twelve month low of $35.45 and a twelve month high of $61.38. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average of $55.73 and a two-hundred day moving average of $50.53. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 0.81 and a beta of 0.78.

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. Intercorp Financial Services had a net margin of 30.53% and a return on equity of 17.49%. The company had revenue of $508.76 million for the quarter. As a group, analysts expect that Intercorp Financial Services Inc. will post 5.97 earnings per share for the current fiscal year.

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.