Intercorp Financial Services (NYSE:IFS) Sees Unusually-High Trading Volume - What's Next?

Shares of Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report) saw an uptick in trading volume on Wednesday . 175,417 shares changed hands during trading, an increase of 76% from the previous session's volume of 99,779 shares.The stock last traded at $27.20 and had previously closed at $27.10.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut their price target on shares of Intercorp Financial Services from $31.00 to $30.00 and set an "overweight" rating on the stock in a report on Thursday, September 12th.

Intercorp Financial Services Price Performance

The company has a market cap of $3.11 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 0.30 and a beta of 1.32. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.12 and a current ratio of 1.10. The stock has a 50 day moving average of $24.37 and a 200-day moving average of $23.33.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.09. The firm had revenue of $414.92 million for the quarter, compared to analyst estimates of $423.35 million. Intercorp Financial Services had a net margin of 14.94% and a return on equity of 8.97%. Equities analysts predict that Intercorp Financial Services Inc. will post 3.19 earnings per share for the current year.

Insider Transactions at Intercorp Financial Services

In other news, major shareholder Peru Ltd Intercorp bought 247,311 shares of the firm's stock in a transaction that occurred on Friday, September 27th. The stock was purchased at an average cost of $19.65 per share, for a total transaction of $4,859,661.15. Following the purchase, the insider now directly owns 1,842,999 shares in the company, valued at approximately $36,214,930.35. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IFS. Russell Investments Group Ltd. purchased a new position in shares of Intercorp Financial Services during the 1st quarter valued at approximately $31,000. Acadian Asset Management LLC lifted its holdings in Intercorp Financial Services by 487.0% in the 1st 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 in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Intercorp Financial Services during the 2nd quarter worth $387,000. Virtu Financial LLC acquired a new stake in shares of Intercorp Financial Services in the first quarter valued at about $458,000. Finally, Quadrature Capital Ltd purchased a new stake in Intercorp Financial Services during the 1st quarter valued at about $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.