Intercorp Financial Services Inc. (NYSE:IFS) Short Interest Update

Intercorp Financial Services Inc. (NYSE:IFS) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 102,900 shares, a growth of 121.3% from the October 31st total of 46,500 shares. Based on an average daily volume of 148,700 shares, the short-interest ratio is presently 0.7 days. Currently, 0.3% of the company’s shares are sold short.

Insiders Place Their Bets

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp acquired 247,311 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was bought at an average cost of $19.65 per share, for a total transaction of $4,859,661.15. Following the completion of the transaction, the insider now owns 1,842,999 shares of the company’s stock, valued at approximately $36,214,930.35. The trade was a 15.50 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Hedge Funds Weigh In On Intercorp Financial Services

A number of hedge funds have recently made changes to their positions in IFS. Helikon Investments Ltd lifted its stake in Intercorp Financial Services by 24.8% during the third quarter. Helikon Investments Ltd now owns 974,819 shares of the company’s stock worth $25,472,000 after purchasing an additional 193,474 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Intercorp Financial Services by 351.5% in the 3rd quarter. Principal Financial Group Inc. now owns 231,269 shares of the company’s stock valued at $6,043,000 after buying an additional 180,043 shares during the period. Citigroup Inc. raised its holdings in shares of 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 buying an additional 175,734 shares during the period. State Street Corp lifted its stake in Intercorp Financial Services by 13.3% during the 3rd quarter. State Street Corp now owns 143,413 shares of the company’s stock worth $3,747,000 after acquiring an additional 16,793 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in Intercorp Financial Services by 544.1% during the 2nd quarter. Marshall Wace LLP now owns 84,377 shares of the company’s stock valued at $1,891,000 after acquiring an additional 71,277 shares during the period.

Intercorp Financial Services Trading Up 0.0 %

Shares of IFS traded up $0.01 during trading on Thursday, reaching $28.04. 166,233 shares of the company traded hands, compared to its average volume of 111,468. The stock has a 50-day simple moving average of $27.05 and a 200-day simple moving average of $24.51. The stock has a market cap of $3.24 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 0.39 and a beta of 1.31. Intercorp Financial Services has a twelve month low of $18.60 and a twelve month high of $30.59. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.56.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased their price target on Intercorp Financial Services from $31.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th.

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.