Intercorp Financial Services Inc (NYSE: IFS) is 27.74% higher on its value in year-to-date trading and has touched a low of $18.60 and a high of $30.59 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IFS stock was last observed hovering at around $28.03 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $28.04, the stock is 0.94% and 3.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.17 million and changing 0.04% at the moment leaves the stock 13.50% off its SMA200. IFS registered 48.05% gain for a year compared to 6-month gain of 22.77%. The firm has a 50-day simple moving average (SMA 50) of $26.9954 and a 200-day simple moving average (SMA200) of $24.68835.
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The stock witnessed a 2.82% loss in the last 1 month and extending the period to 3 months gives it a 13.48%, and is -3.11% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.16% over the week and 2.77% over the month.
Current P/E ratio is 11.02 and Fwd P/E is 6.64. Profit margin for the company is 11.23%. Distance from 52-week low is 50.75% and -8.34% from its 52-week high. The company has generated returns on investments over the last 12 months (5.26%).
Intercorp Financial Services Inc quarterly earnings per share for the current quarter are estimated at 3.46 with sales reaching $1.3B over the same period.The EPS is expected to grow by 17.26% this year, but quarterly earnings will post -2.25% year-over-year. Quarterly sales are estimated to shrink -19.27% in year-over-year returns.
The shares outstanding are 115.45M, and float is at 32.97M with Short Float at 0.31%.
The top institutional shareholder in the company is FMR LLC with over 2.63 million shares valued at $59.02 million. The investor’s holdings represent 2.3007 of the IFS Shares outstanding. As of 2024-06-30, the second largest holder is FRANKLIN RESOURCES INC with 2.1 million shares valued at $47.16 million to account for 1.8382 of the shares outstanding. The other top investors are NWI MANAGEMENT LP which holds 1.02 million shares representing 0.8929 and valued at over $22.95 million, while HELIKON INVESTMENTS LTD holds 0.6825 of the shares totaling 0.78 million with a market value of $17.51 million.
Intercorp Financial Services Inc (IFS) Insider Activity
The most recent transaction is an insider purchase by INTERCORP PERU LTD, the company’s 10% Owner. SEC filings show that INTERCORP PERU LTD bought 39,715 shares of the company’s common stock on Nov 06 ’24 at a price of $19.64 per share for a total of $0.78 million. Following the purchase, the insider now owns 1.88 million shares.
Intercorp Financial Services Inc disclosed in a document filed with the SEC on Sep 27 ’24 that INTERCORP PERU LTD (10% Owner) bought a total of 247,311 shares of the company’s common stock. The trade occurred on Sep 27 ’24 and was made at $19.65 per share for $4.86 million. Following the transaction, the insider now directly holds 1.84 million shares of the IFS stock.
Still, SEC filings show that on Jun 27 ’24, INTERCORP PERU LTD (10% Owner) acquired 342,154 shares at an average price of $19.67 for $6.73 million. The insider now directly holds 1,595,688 shares of Intercorp Financial Services Inc (IFS).
