Hsbc Holdings PLC Takes $662,000 Position in Intercorp Financial Services Inc. $IFS

Hsbc Holdings PLC acquired a new stake in shares of Intercorp Financial Services Inc. (NYSE:IFS) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,722 shares of the company’s stock, valued at approximately $662,000.

Several other institutional investors have also bought and sold shares of the stock. Caitong International Asset Management Co. Ltd increased its stake in Intercorp Financial Services by 106.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 745 shares of the company’s stock valued at $32,000 after buying an additional 384 shares during the period. Blue Trust Inc. acquired a new stake in shares of Intercorp Financial Services in the 4th quarter worth approximately $94,000. SG Americas Securities LLC lifted its stake in shares of Intercorp Financial Services by 43.1% in the 4th quarter. SG Americas Securities LLC now owns 5,308 shares of the company’s stock worth $225,000 after acquiring an additional 1,599 shares during the period. Pinnacle Associates Ltd. bought a new position in shares of Intercorp Financial Services in the third quarter valued at approximately $275,000. Finally, Balyasny Asset Management L.P. bought a new position in shares of Intercorp Financial Services in the fourth quarter valued at approximately $294,000.

Analyst Upgrades and Downgrades

IFS has been the topic of several recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Intercorp Financial Services in a report on Friday, May 22nd. JPMorgan Chase & Co. lowered Intercorp Financial Services from an “overweight” rating to a “neutral” rating and set a $56.00 price target for the company. 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 report on Thursday, July 9th. Finally, Wall Street Zen raised Intercorp Financial Services from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Intercorp Financial Services has a consensus rating of “Buy” and an average price target of $56.00.

Intercorp Financial Services Stock Performance

Shares of IFS opened at $60.16 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.08 and a quick ratio of 1.08. The firm’s 50 day moving average is $52.68 and its 200-day moving average is $49.23. Intercorp Financial Services Inc. has a 12-month low of $35.45 and a 12-month high of $61.38. The stock has a market capitalization of $6.68 billion, a P/E ratio of 11.24, a P/E/G ratio of 0.83 and a beta of 0.78.

Intercorp Financial Services (NYSE:IFS) last released its earnings results on Tuesday, March 31st. The company reported $1.54 EPS for the quarter. The business had revenue of $508.76 million during the quarter. Intercorp Financial Services had a net margin of 30.53% and a return on equity of 17.49%. Equities research analysts anticipate that Intercorp Financial Services Inc. will post 5.97 EPS 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.