14,951 Shares in Intercorp Financial Services Inc. $IFS Acquired by Precision Wealth Strategies LLC

Precision Wealth Strategies LLC purchased a new position in shares of Intercorp Financial Services Inc. (NYSE:IFS) during the fourth quarter, Holdings Channel reports. The firm purchased 14,951 shares of the company’s stock, valued at approximately $633,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. bought a new stake in Intercorp Financial Services during the fourth quarter worth $94,000. Centiva Capital LP bought a new stake in Intercorp Financial Services during the third quarter worth $216,000. SG Americas Securities LLC lifted its stake in Intercorp Financial Services by 43.1% during the fourth quarter. SG Americas Securities LLC now owns 5,308 shares of the company’s stock worth $225,000 after purchasing an additional 1,599 shares during the last quarter. Pinnacle Associates Ltd. bought a new stake in Intercorp Financial Services during the third quarter worth $275,000. Finally, Jane Street Group LLC bought a new stake in Intercorp Financial Services during the first quarter worth $287,000.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Intercorp Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $48.00.

Intercorp Financial Services Stock Performance

Shares of IFS traded up $0.43 during trading hours on Thursday, reaching $44.88. The stock had a trading volume of 9,536 shares, compared to its average volume of 271,948. Intercorp Financial Services Inc. has a 12 month low of $33.48 and a 12 month high of $53.00. The stock has a market capitalization of $4.99 billion, a PE ratio of 9.31, a PEG ratio of 0.36 and a beta of 0.85. The company’s 50-day moving average is $47.99 and its two-hundred day moving average is $45.06.

Intercorp Financial Services Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Friday, April 24th will be paid a $1.80 dividend. This represents a dividend yield of 401.0%. The ex-dividend date is Friday, April 24th. This is a positive change from Intercorp Financial Services’s previous annual dividend of $1.00. Intercorp Financial Services’s dividend payout ratio is currently 35.48%.

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.