Short Interest in Intercorp Financial Services Inc. (NYSE:IFS) Expands By 28.4%

Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report) was the target of a large increase in short interest in 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. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 167,000 shares, the short-interest ratio is currently 0.8 days.

Intercorp Financial Services Stock Down 3.0 %

Shares of Intercorp Financial Services stock traded down $0.96 during trading on Friday, reaching $31.21. The company's stock had a trading volume of 274,477 shares, compared to its average volume of 130,250. The business has a 50 day moving average price of $32.25 and a 200-day moving average price of $29.39. Intercorp Financial Services has a 12-month low of $20.56 and a 12-month high of $34.60. The company has a market capitalization of $3.57 billion, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 0.32 and a beta of 1.18.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last issued 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%. Research analysts predict that Intercorp Financial Services will post 4.23 EPS 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. Shareholders of record on Thursday, April 24th will be issued a $1.00 dividend. The ex-dividend date is Thursday, April 24th. This represents a yield of 3%. Intercorp Financial Services's dividend payout ratio (DPR) is presently 31.46%.

Institutional Investors Weigh In On Intercorp Financial Services

A number of hedge funds and other institutional investors have recently modified their holdings of IFS. Geode Capital Management LLC grew 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 during the period. R Squared Ltd acquired a new stake in Intercorp Financial Services in the fourth quarter valued at $42,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Intercorp Financial Services by 4.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,700 shares of the company's stock valued at $2,602,000 after purchasing an additional 3,500 shares during the last quarter. Pictet Asset Management Holding SA increased its position in shares of Intercorp Financial Services by 13.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 34,500 shares of the company's stock valued at $1,012,000 after buying an additional 4,100 shares in the last quarter. Finally, Employees Retirement System of Texas acquired a new position in shares of Intercorp Financial Services during the 4th quarter worth $1,549,000.

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.