Helikon Investments Ltd Has $1.32 Million Stake in Intercorp Financial Services Inc. $IFS

Helikon Investments Ltd lowered its stake in shares of Intercorp Financial Services Inc. (NYSE:IFS) by 96.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 31,223 shares of the company’s stock after selling 904,475 shares during the period. Intercorp Financial Services comprises approximately 0.1% of Helikon Investments Ltd’s investment portfolio, making the stock its 16th biggest holding. Helikon Investments Ltd’s holdings in Intercorp Financial Services were worth $1,323,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in Intercorp Financial Services by 22.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 589,019 shares of the company’s stock valued at $23,761,000 after purchasing an additional 107,290 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Intercorp Financial Services by 15.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 581,245 shares of the company’s stock worth $23,447,000 after acquiring an additional 78,333 shares during the last quarter. Schroder Investment Management Group boosted its holdings in Intercorp Financial Services by 9.5% during the 3rd quarter. Schroder Investment Management Group now owns 559,411 shares of the company’s stock worth $22,567,000 after acquiring an additional 48,624 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Intercorp Financial Services by 24.4% during the 3rd quarter. Principal Financial Group Inc. now owns 534,609 shares of the company’s stock worth $21,566,000 after acquiring an additional 104,792 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in Intercorp Financial Services by 105.0% during the 3rd quarter. Millennium Management LLC now owns 383,628 shares of the company’s stock worth $15,476,000 after acquiring an additional 196,452 shares during the last quarter.

Intercorp Financial Services Price Performance

Shares of NYSE IFS opened at $44.87 on Friday. Intercorp Financial Services Inc. has a twelve month low of $34.20 and a twelve month high of $53.00. The stock’s 50 day moving average price is $47.16 and its 200-day moving average price is $45.34. The company has a market capitalization of $4.98 billion, a PE ratio of 8.39, a PEG ratio of 0.69 and a beta of 0.77. The company has a quick ratio of 1.10, a current ratio of 1.08 and a debt-to-equity ratio of 0.61.

Intercorp Financial Services (NYSE:IFS) last announced its earnings results on Tuesday, March 31st. The company reported $1.54 earnings per share for the quarter. The firm 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%. On average, equities analysts anticipate that Intercorp Financial Services Inc. will post 5.43 EPS for the current year.

Intercorp Financial Services Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Wall Street Zen raised shares of Intercorp Financial Services from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research raised shares of Intercorp Financial Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat.com, Intercorp Financial Services has an average rating of “Buy” and an average target price of $48.00.

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.