Key Points
- Director Maria Guzman Hugo Antoni Santa sold 225 shares on March 26 at an average price of $47.76, totaling about $10,746, according to an SEC filing.
- Intercorp raised its annual dividend to $1.80 (from $1.00) with an ex-dividend/record date of April 24 and payment on May 5, a change the report states implies a 358.0% yield.
- The stock trades near $49.30 with a 12-month range of $30.59–$53.00 and a market cap of $5.64B, carries an average analyst rating of “Moderate Buy” (avg. target $48.00), and has seen increased positions from institutions like Schroder, Millennium and JPMorgan.
Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report) Director Maria Guzman Hugo Antoni Santa sold 225 shares of the stock in a transaction on Thursday, March 26th. The stock was sold at an average price of $47.76, for a total transaction of $10,746.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Intercorp Financial Services Trading Up 7.6%
NYSE:IFS opened at $49.30 on Friday. Intercorp Financial Services Inc. has a 12 month low of $30.59 and a 12 month high of $53.00. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 0.37 and a beta of 0.85. The firm has a fifty day simple moving average of $48.59 and a two-hundred day simple moving average of $44.65.
Intercorp Financial Services Increases Dividend
The company also recently announced 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. The ex-dividend date is Friday, April 24th. This represents a dividend yield of 358.0%. This is a boost from Intercorp Financial Services's previous annual dividend of $1.00. Intercorp Financial Services's dividend payout ratio (DPR) is 35.48%.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the company. Weiss Ratings reiterated a "buy (b-)" rating on shares of Intercorp Financial Services in a report on Monday, December 29th. Wall Street Zen downgraded Intercorp Financial Services from a "buy" rating to a "hold" rating in a report on Tuesday, March 10th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $48.00.
Get Our Latest Stock Analysis on IFS
Institutional Investors Weigh In On Intercorp Financial Services
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Schroder Investment Management Group raised its holdings in shares of Intercorp Financial Services by 34.2% in the 4th quarter. Schroder Investment Management Group now owns 750,628 shares of the company's stock worth $31,797,000 after acquiring an additional 191,217 shares during the last quarter. Millennium Management LLC boosted its stake in Intercorp Financial Services by 66.7% during the 4th quarter. Millennium Management LLC now owns 639,381 shares of the company's stock valued at $27,084,000 after purchasing an additional 255,753 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Intercorp Financial Services by 7.2% during the 4th quarter. JPMorgan Chase & Co. now owns 631,168 shares of the company's stock valued at $26,736,000 after purchasing an additional 42,149 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Intercorp Financial Services by 15.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 581,245 shares of the company's stock worth $23,447,000 after purchasing an additional 78,333 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Intercorp Financial Services by 24.4% during the 3rd quarter. Principal Financial Group Inc. now owns 534,609 shares of the company's stock worth $21,566,000 after purchasing an additional 104,792 shares in the last quarter.
About Intercorp Financial Services
(
Get Free Report)
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.
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