Franklin Resources Inc. Sells 199,449 Shares of Intercorp Financial Services Inc. $IFS

Franklin Resources Inc. decreased its holdings in Intercorp Financial Services Inc. (NYSE:IFS) by 11.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,480,761 shares of the company’s stock after selling 199,449 shares during the quarter. Franklin Resources Inc.’s holdings in Intercorp Financial Services were worth $56,461,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Acadian Asset Management LLC grew its holdings in shares of Intercorp Financial Services by 93.9% during the first quarter. Acadian Asset Management LLC now owns 864,090 shares of the company’s stock worth $28,593,000 after purchasing an additional 418,351 shares during the last quarter. Fourth Sail Capital LP acquired a new position in Intercorp Financial Services during the 1st quarter worth about $8,543,000. Helikon Investments Ltd grew its holdings in Intercorp Financial Services by 21.9% during the 1st quarter. Helikon Investments Ltd now owns 1,188,211 shares of the company’s stock worth $39,365,000 after acquiring an additional 213,392 shares during the last quarter. Driehaus Capital Management LLC increased its position in Intercorp Financial Services by 90.4% in the 1st quarter. Driehaus Capital Management LLC now owns 318,065 shares of the company’s stock valued at $10,537,000 after acquiring an additional 151,027 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Intercorp Financial Services by 262.6% in the 1st quarter. American Century Companies Inc. now owns 179,306 shares of the company’s stock valued at $5,940,000 after acquiring an additional 129,857 shares in the last quarter.

Intercorp Financial Services Stock Down 0.6%

Shares of NYSE:IFS opened at $39.80 on Wednesday. The company has a 50 day moving average of $40.82 and a 200-day moving average of $38.59. Intercorp Financial Services Inc. has a one year low of $27.66 and a one year high of $43.67. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 8.43, a P/E/G ratio of 0.35 and a beta of 1.12. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.12 and a quick ratio of 1.12.

Intercorp Financial Services (NYSE:IFS) last released its earnings results on Thursday, November 6th. The company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.04). The business had revenue of $486.96 million for the quarter, compared to analyst estimates of $441.08 million. Intercorp Financial Services had a return on equity of 17.27% and a net margin of 28.41%. On average, sell-side analysts forecast that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current year.

Insider Activity at Intercorp Financial Services

In related news, major shareholder Peru Ltd Intercorp acquired 7,125 shares of the firm’s stock in a transaction that occurred on Tuesday, October 21st. The stock was acquired at an average cost of $19.65 per share, with a total value of $140,006.25. Following the completion of the purchase, the insider directly owned 3,100,737 shares in the company, valued at approximately $60,929,482.05. This trade represents a 0.23% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on IFS. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intercorp Financial Services in a research report on Thursday, November 20th. Zacks Research downgraded Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Finally, Wall Street Zen cut Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 15th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

About Intercorp Financial Services

Intercorp Financial Services Inc, together with its subsidiaries, offers banking, insurance, wealth management, and payment services for retail and commercial clients in Peru. The company provides loans, credit facilities, deposits, and current accounts; life annuity products with single-premium payment and conventional life insurance products, as well as other retail insurance products; and brokerage and investment management services.