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

Intercorp Financial Services Inc. (NYSE:IFS) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 131,000 shares, an increase of 28.4% from the February 28th total of 102,000 shares. Based on an average trading volume of 167,000 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IFS. Citigroup Inc. grew its position in 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 in the last quarter. PDT Partners LLC bought a new position in shares of Intercorp Financial Services in the third quarter valued at approximately $237,000. State Street Corp increased its stake in shares of Intercorp Financial Services by 13.3% during the third quarter. State Street Corp now owns 143,413 shares of the company’s stock valued at $3,747,000 after acquiring an additional 16,793 shares during the period. Jane Street Group LLC bought a new stake in Intercorp Financial Services during the third quarter worth approximately $447,000. Finally, XTX Topco Ltd acquired a new stake in Intercorp Financial Services in the third quarter worth approximately $288,000.

Intercorp Financial Services Stock Performance

Shares of Intercorp Financial Services stock traded down $0.20 during trading on Wednesday, hitting $33.59. 177,119 shares of the stock were exchanged, compared to its average volume of 130,120. Intercorp Financial Services has a 12 month low of $20.56 and a 12 month high of $34.60. The stock’s fifty day moving average is $32.06 and its 200 day moving average is $29.29. The stock has a market cap of $3.84 billion, a PE ratio of 11.12, a P/E/G ratio of 0.32 and a beta of 1.24.

Intercorp Financial Services (NYSE:IFS) last posted its earnings results on Wednesday, February 5th. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.94 by $0.19. Intercorp Financial Services had a net margin of 21.03% and a return on equity of 12.38%. Sell-side analysts anticipate that Intercorp Financial Services will post 4.23 EPS for the current fiscal year.

Intercorp Financial Services Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Monday, May 5th. Stockholders of record on Thursday, April 24th will be paid a $1.00 dividend. The ex-dividend date is Thursday, April 24th. This represents a dividend yield of 3%. Intercorp Financial Services’s payout ratio is 31.46%.

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.