Intercorp Financial Services Inc. (NYSE:IFS) Sees Large Increase in Short Interest

Intercorp Financial Services Inc. (NYSE:IFS) saw a large growth in short interest in July. As of July 15th, there was short interest totalling 196,900 shares, a growth of 26.1% from the June 30th total of 156,100 shares. Based on an average daily volume of 77,200 shares, the days-to-cover ratio is presently 2.6 days. Currently, 0.6% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. boosted their price target on Intercorp Financial Services from $28.00 to $32.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th.

Intercorp Financial Services Stock Up 0.1 %

NYSE IFS traded up $0.03 on Friday, reaching $22.71. The company had a trading volume of 17,447 shares, compared to its average volume of 53,505. The stock’s 50 day moving average is $22.73 and its 200-day moving average is $23.86. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.54. Intercorp Financial Services has a 52 week low of $17.94 and a 52 week high of $30.59.

Intercorp Financial Services (NYSE:IFS) last released its quarterly earnings data on Monday, May 13th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.21). The company had revenue of $357.25 million during the quarter, compared to the consensus estimate of $434.62 million. Intercorp Financial Services had a net margin of 15.76% and a return on equity of 9.61%. During the same quarter in the prior year, the company posted $0.60 EPS. As a group, analysts predict that Intercorp Financial Services will post 3.22 earnings per share for the current fiscal year.

Insider Transactions at Intercorp Financial Services

In other news, major shareholder Peru Ltd Intercorp acquired 342,154 shares of the firm’s stock in a transaction dated Thursday, June 27th. The shares were bought at an average price of $19.67 per share, with a total value of $6,730,169.18. Following the acquisition, the insider now owns 1,595,688 shares of the company’s stock, valued at $31,387,182.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. acquired a new position in Intercorp Financial Services during the first quarter valued at approximately $31,000. Jump Financial LLC acquired a new position in Intercorp Financial Services during the fourth quarter valued at approximately $255,000. Acadian Asset Management LLC boosted its position in Intercorp Financial Services by 487.0% during the first quarter. Acadian Asset Management LLC now owns 15,145 shares of the company’s stock valued at $357,000 after purchasing an additional 12,565 shares during the last quarter. Virtu Financial LLC acquired a new position in Intercorp Financial Services during the first quarter valued at approximately $458,000. Finally, Quadrature Capital Ltd acquired a new position in Intercorp Financial Services during the first quarter valued at approximately $559,000.

About Intercorp Financial Services

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.