Channing Global Advisors LLC Purchases Shares of 14,523 Intercorp Financial Services Inc. $IFS

Channing Global Advisors LLC purchased a new stake in Intercorp Financial Services Inc. (NYSE:IFS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,523 shares of the company’s stock, valued at approximately $615,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IFS. Millennium Management LLC raised its stake in Intercorp Financial Services by 105.0% in the third quarter. Millennium Management LLC now owns 383,628 shares of the company’s stock valued at $15,476,000 after buying an additional 196,452 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of Intercorp Financial Services by 100.8% during the third quarter. William Blair Investment Management LLC now owns 376,599 shares of the company’s stock worth $15,192,000 after purchasing an additional 189,065 shares in the last quarter. Jane Street Group LLC increased its position in shares of Intercorp Financial Services by 1,722.7% during the second quarter. Jane Street Group LLC now owns 157,794 shares of the company’s stock worth $6,017,000 after purchasing an additional 149,137 shares in the last quarter. Banco BTG Pactual S.A. increased its position in shares of Intercorp Financial Services by 558.2% during the third quarter. Banco BTG Pactual S.A. now owns 129,674 shares of the company’s stock worth $5,231,000 after purchasing an additional 109,974 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Intercorp Financial Services by 22.3% during the third quarter. JPMorgan Chase & Co. now owns 589,019 shares of the company’s stock worth $23,761,000 after purchasing an additional 107,290 shares in the last quarter.

Intercorp Financial Services Stock Performance

NYSE IFS opened at $50.21 on Tuesday. 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 business’s 50 day moving average is $47.85 and its two-hundred day moving average is $45.88. Intercorp Financial Services Inc. has a 12-month low of $34.47 and a 12-month high of $53.00. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 0.70 and a beta of 0.77.

Intercorp Financial Services (NYSE:IFS) last released its earnings results on Tuesday, March 31st. The company reported $1.54 earnings per share (EPS) for the quarter. Intercorp Financial Services had a return on equity of 17.49% and a net margin of 30.53%.The company had revenue of $508.76 million for the quarter. Research analysts expect that Intercorp Financial Services Inc. will post 5.82 EPS for the current year.

Intercorp Financial Services Increases Dividend

The firm also recently announced an annual dividend, which was paid on Tuesday, May 5th. Shareholders of record on Friday, April 24th were given a dividend of $1.80 per share. This represents a yield of 401.0%. The ex-dividend date was Friday, April 24th. This is a positive change from Intercorp Financial Services’s previous annual dividend of $1.00. Intercorp Financial Services’s payout ratio is presently 31.96%.

Analyst Ratings Changes

IFS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Intercorp Financial Services in a research report on Friday, May 22nd. Finally, Zacks Research upgraded Intercorp Financial Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $56.00.

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.