Short Interest in Intercorp Financial Services Inc. (NYSE:IFS) Increases By 28.4%

Intercorp Financial Services Inc. (NYSE:IFS) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 131,000 shares, a growth of 28.4% from the February 28th total of 102,000 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 167,000 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IFS. Millennium Management LLC increased its position in shares of Intercorp Financial Services by 2,109.3% during the 4th quarter. Millennium Management LLC now owns 556,972 shares of the company’s stock valued at $16,342,000 after purchasing an additional 531,762 shares during the period. Sagil Capital LLP acquired a new position in Intercorp Financial Services during the fourth quarter worth about $9,064,000. Principal Financial Group Inc. raised its position in Intercorp Financial Services by 351.5% in the third quarter. Principal Financial Group Inc. now owns 231,269 shares of the company’s stock worth $6,043,000 after acquiring an additional 180,043 shares in the last quarter. Citigroup Inc. lifted its holdings in Intercorp Financial Services by 466.7% in the 3rd quarter. Citigroup Inc. now owns 213,392 shares of the company’s stock valued at $5,591,000 after acquiring an additional 175,734 shares during the last quarter. Finally, Driehaus Capital Management LLC bought a new position in shares of Intercorp Financial Services during the 4th quarter valued at about $4,901,000.

Intercorp Financial Services Price Performance

Shares of Intercorp Financial Services stock opened at $33.59 on Thursday. Intercorp Financial Services has a 1-year low of $20.56 and a 1-year high of $34.60. The business’s fifty day moving average price is $32.15 and its two-hundred day moving average price is $29.32. The company has a market capitalization of $3.84 billion, a P/E ratio of 11.12, a PEG ratio of 0.32 and a beta of 1.24.

Intercorp Financial Services (NYSE:IFS) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.19. Intercorp Financial Services had a net margin of 21.03% and a return on equity of 12.38%. On average, research analysts expect that Intercorp Financial Services will post 4.23 earnings per share for the current fiscal year.

Intercorp Financial Services Dividend Announcement

The business also recently disclosed an annual dividend, which will be paid on Monday, May 5th. Stockholders of record on Thursday, April 24th will be issued a $1.00 dividend. This represents a dividend yield of 3%. The ex-dividend date is Thursday, April 24th. Intercorp Financial Services’s dividend payout ratio (DPR) is presently 31.46%.

Intercorp Financial Services Company Profile

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.