Bank of Nova Scotia Sells 1,500 Shares of Intercorp Financial Services Inc. (NYSE:IFS)

Bank of Nova Scotia cut its holdings in shares of Intercorp Financial Services Inc. (NYSE:IFSGet Rating) by 13.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,645 shares of the company’s stock after selling 1,500 shares during the period. Bank of Nova Scotia’s holdings in Intercorp Financial Services were worth $226,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. boosted its stake in shares of Intercorp Financial Services by 6.5% during the first quarter. BlackRock Inc. now owns 806,575 shares of the company’s stock valued at $27,867,000 after purchasing an additional 49,574 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in Intercorp Financial Services by 7.8% in the first quarter. Handelsbanken Fonder AB now owns 246,345 shares of the company’s stock valued at $8,511,000 after acquiring an additional 17,800 shares in the last quarter. State Street Corp boosted its stake in Intercorp Financial Services by 10.6% in the first quarter. State Street Corp now owns 147,215 shares of the company’s stock valued at $5,086,000 after acquiring an additional 14,130 shares in the last quarter. American Century Companies Inc. boosted its stake in Intercorp Financial Services by 42.1% in the first quarter. American Century Companies Inc. now owns 24,371 shares of the company’s stock valued at $842,000 after acquiring an additional 7,216 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in Intercorp Financial Services in the first quarter valued at approximately $609,000. 7.84% of the stock is currently owned by institutional investors.

Intercorp Financial Services Trading Up 4.8 %

NYSE:IFS opened at $23.80 on Tuesday. Intercorp Financial Services Inc. has a 12 month low of $19.65 and a 12 month high of $37.64. The firm has a fifty day simple moving average of $22.39 and a 200-day simple moving average of $23.51. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $2.75 billion, a P/E ratio of 6.98, a PEG ratio of 0.54 and a beta of 1.42.

Intercorp Financial Services (NYSE:IFSGet Rating) last posted its quarterly earnings data on Wednesday, November 9th. The company reported $1.36 EPS for the quarter, topping the consensus estimate of $0.92 by $0.44. Intercorp Financial Services had a net margin of 29.40% and a return on equity of 16.40%. The business had revenue of $428.60 million during the quarter, compared to the consensus estimate of $368.97 million. On average, equities research analysts anticipate that Intercorp Financial Services Inc. will post 3.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on IFS. Grupo Santander upgraded shares of Intercorp Financial Services from a “neutral” rating to an “outperform” rating and set a $29.00 target price for the company in a research note on Wednesday, August 24th. TheStreet upgraded shares of Intercorp Financial Services from a “d” rating to a “c+” rating in a research note on Monday, August 29th.

Intercorp Financial Services Profile

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Intercorp Financial Services Inc provides banking, insurance, and wealth management services for retail and commercial clients in Peru. The company operates through three segments: Banking, Insurance, and Wealth Management. It provides transactional accounts, such as cuenta sueldo and cuenta simple; savings accounts; investment accounts; and time deposits, certificates of deposit, and compensation for service time accounts.

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Institutional Ownership by Quarter for Intercorp Financial Services (NYSE:IFS)

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