Intercorp Financial Services Inc. (NYSE:IFS) Short Interest Up 28.4% in March

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

Institutional Trading of Intercorp Financial Services

Institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its stake 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 purchasing an additional 180,043 shares in the last quarter. Jane Street Group LLC bought a new stake in Intercorp Financial Services during the third quarter worth about $447,000. Citigroup Inc. increased its holdings in shares of Intercorp Financial Services by 466.7% during the third quarter. Citigroup Inc. now owns 213,392 shares of the company's stock worth $5,591,000 after buying an additional 175,734 shares in the last quarter. State Street Corp raised its stake in shares of Intercorp Financial Services by 13.3% in 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 last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Intercorp Financial Services by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 16,799 shares of the company's stock worth $439,000 after acquiring an additional 401 shares in the last quarter.

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Intercorp Financial Services Price Performance

Shares of NYSE IFS traded up $0.66 during trading hours on Tuesday, reaching $33.79. The stock had a trading volume of 167,828 shares, compared to its average volume of 129,932. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 0.32 and a beta of 1.24. Intercorp Financial Services has a twelve month low of $20.56 and a twelve month high of $34.60. The business's fifty day moving average is $31.96 and its two-hundred day moving average is $29.23.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates 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 forecast that Intercorp Financial Services will post 4.23 earnings per share for the current fiscal year.

Intercorp Financial Services Dividend Announcement

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

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.