9,700 Intercorp Financial Services Inc. $IFS Shares Sold by Nipun Capital L.P.

Nipun Capital L.P. lowered its holdings in Intercorp Financial Services Inc. (NYSE:IFS) by 48.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,200 shares of the company’s stock after selling 9,700 shares during the period. Intercorp Financial Services comprises 0.3% of Nipun Capital L.P.’s holdings, making the stock its 9th biggest holding. Nipun Capital L.P.’s holdings in Intercorp Financial Services were worth $555,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in IFS. Tidal Investments LLC increased its holdings in shares of Intercorp Financial Services by 1.8% in the second quarter. Tidal Investments LLC now owns 17,022 shares of the company’s stock valued at $970,000 after buying an additional 296 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Intercorp Financial Services during the 2nd quarter worth $587,000. Engineers Gate Manager LP grew its holdings in shares of Intercorp Financial Services by 8.7% in the 2nd quarter. Engineers Gate Manager LP now owns 64,990 shares of the company’s stock worth $3,702,000 after acquiring an additional 5,206 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of Intercorp Financial Services during the second quarter worth $5,205,000. Finally, BTG Pactual Asset Management US LLC purchased a new stake in shares of Intercorp Financial Services during the second quarter valued at $250,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on IFS shares. Weiss Ratings upgraded Intercorp Financial Services from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday. Wall Street Zen downgraded Intercorp Financial Services from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Zacks Research raised shares of Intercorp Financial Services from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. raised their target price on shares of Intercorp Financial Services from $56.00 to $62.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $62.00.

Intercorp Financial Services Stock Up 1.7%

Shares of IFS traded up $0.89 during mid-day trading on Thursday, reaching $53.19. The company’s stock had a trading volume of 62,270 shares, compared to its average volume of 268,818. The business has a fifty day moving average of $55.46 and a 200 day moving average of $53.08. The company has a market cap of $5.91 billion, a price-to-earnings ratio of 9.72, a price-to-earnings-growth ratio of 0.71 and a beta of 0.79. Intercorp Financial Services Inc. has a 1 year low of $38.29 and a 1 year high of $61.38. The company has a quick ratio of 1.08, a current ratio of 1.10 and a debt-to-equity ratio of 0.59.

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

Intercorp Financial Services Profile

Intercorp Financial Services Inc (NYSE: IFS) is a Peru-based financial services holding company and part of the broader Intercorp group. The company provides banking, insurance, wealth management and payment services primarily in Peru through its operating subsidiaries.

Its principal banking business is conducted through Interbank, which serves individuals and businesses with deposit accounts, loans, credit cards, payment solutions and other financial products. Interseguro provides insurance products, while Inteligo offers investment, brokerage and wealth management services to retail and institutional clients.