Point Nemo Capital LLC Acquires 26,575 Shares of Intercorp Financial Services Inc. $IFS

Point Nemo Capital LLC acquired a new position in shares of Intercorp Financial Services Inc. (NYSE:IFS) in the 3rd quarter, HoldingsChannel reports. The fund acquired 26,575 shares of the company’s stock, valued at approximately $1,445,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of IFS. Globeflex Capital L P bought a new position in Intercorp Financial Services in the 2nd quarter worth $23,294,000. Hsbc Holdings PLC boosted its holdings in Intercorp Financial Services by 2,364.9% during the first quarter. Hsbc Holdings PLC now owns 387,536 shares of the company’s stock valued at $19,454,000 after acquiring an additional 371,814 shares during the period. Lazard Asset Management LLC boosted its holdings in Intercorp Financial Services by 3.2% during the first quarter. Lazard Asset Management LLC now owns 171,339 shares of the company’s stock valued at $8,601,000 after acquiring an additional 5,328 shares during the period. Allianz Asset Management GmbH bought a new stake in Intercorp Financial Services during the second quarter valued at about $5,205,000. Finally, Engineers Gate Manager LP grew its position in shares of Intercorp Financial Services by 8.7% in the second quarter. Engineers Gate Manager LP now owns 64,990 shares of the company’s stock valued at $3,702,000 after purchasing an additional 5,206 shares during the last quarter.

Wall Street Analyst Weigh In

IFS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on Intercorp Financial Services from $56.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday, August 27th. Zacks Research downgraded Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 27th. Weiss Ratings lowered Intercorp Financial Services from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 30th. Finally, Wall Street Zen lowered Intercorp Financial Services from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $62.00.

Intercorp Financial Services Trading Down 1.1%

Shares of IFS stock opened at $46.80 on Friday. The firm has a market capitalization of $5.20 billion, a P/E ratio of 8.56, a price-to-earnings-growth ratio of 0.61 and a beta of 0.70. Intercorp Financial Services Inc. has a 1 year low of $38.29 and a 1 year high of $61.38. The firm’s fifty day simple moving average is $53.27 and its 200 day simple moving average is $51.88. The company has a current ratio of 1.10, a quick ratio of 1.08 and a debt-to-equity ratio of 0.59.

Intercorp Financial Services (NYSE:IFS) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.08. Intercorp Financial Services had a net margin of 34.81% and a return on equity of 17.06%. The firm had revenue of $493.38 million during the quarter, compared to the consensus estimate of $520.46 million. As a group, sell-side analysts predict that Intercorp Financial Services Inc. will post 6.11 EPS for the current year.

About Intercorp Financial Services

Intercorp Financial Services Inc (NYSE: IFS) is a Peru-based financial services holding company that provides banking, insurance, investment, and payment services primarily in Peru. The company serves individuals, businesses, and institutional customers through a portfolio of financial businesses operating under the Intercorp platform.

Its principal banking operations are conducted through Interbank, which offers consumer and commercial banking products such as deposits, loans, credit cards, mortgages, payments, and other financial services.