Pictet Asset Management SA lessened its position in shares of Intercorp Financial Services Inc. (NYSE:IFS – Get Rating) by 33.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 13,700 shares of the company’s stock after selling 6,867 shares during the quarter. Pictet Asset Management SA’s holdings in Intercorp Financial Services were worth $321,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Quent Capital LLC purchased a new position in shares of Intercorp Financial Services in the 1st quarter worth approximately $138,000. Bank of New York Mellon Corp purchased a new position in shares of Intercorp Financial Services in the 1st quarter worth approximately $225,000. Prudential Financial Inc. purchased a new position in shares of Intercorp Financial Services in the 1st quarter worth approximately $487,000. Employees Retirement System of Texas boosted its holdings in shares of Intercorp Financial Services by 116.9% in the 1st quarter. Employees Retirement System of Texas now owns 14,100 shares of the company’s stock worth $487,000 after purchasing an additional 7,600 shares during the period. Finally, Dimensional Fund Advisors LP purchased a new position in shares of Intercorp Financial Services in the 1st quarter worth approximately $609,000. Hedge funds and other institutional investors own 7.84% of the company’s stock.
Intercorp Financial Services Price Performance
Shares of IFS stock opened at $24.15 on Thursday. Intercorp Financial Services Inc. has a 52-week low of $19.65 and a 52-week high of $37.64. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $2.79 billion, a P/E ratio of 7.02, a P/E/G ratio of 0.57 and a beta of 1.42. The stock has a 50 day moving average price of $22.44 and a 200 day moving average price of $23.51.
Analysts Set New Price Targets
IFS has been the subject of a number of recent research reports. Grupo Santander upgraded Intercorp Financial Services from a “neutral” rating to an “outperform” rating and set a $29.00 target price for the company in a report on Wednesday, August 24th. TheStreet upgraded Intercorp Financial Services from a “d” rating to a “c+” rating in a report on Monday, August 29th.
Intercorp Financial Services Profile
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.
- Get a free copy of the StockNews.com research report on Intercorp Financial Services (IFS)
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