Intercorp Financial Services (NYSE:IFS) Hits New 52-Week High - Here's Why

Shares of Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $43.47 and last traded at $43.3360, with a volume of 2682 shares changing hands. The stock had previously closed at $42.89.Wall Street Analysts Forecast GrowthA number of equities analysts have recently commented on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of Intercorp Financial Services in a research note on Wednesday, October 8th. Zacks Research lowered shares of Intercorp Financial Services from a "strong-buy" rating to a "hold" rating in a report on Friday, October 10th. Finally, Wall Street Zen raised shares of Intercorp Financial Services from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".Read Our Latest Research Report on IFSIntercorp Financial Services Price PerformanceThe company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.61. The business's fifty day moving average is $40.75 and its 200 day moving average is $37.68. The firm has a market capitalization of $4.90 billion, a P/E ratio of 9.52, a P/E/G ratio of 0.38 and a beta of 1.12. Insiders Place Their BetsIn related news, major shareholder Peru Ltd Intercorp acquired 20,113 shares of the company's stock in a transaction on Wednesday, September 24th. The shares were purchased at an average price of $19.64 per share, for a total transaction of $395,019.32. Following the purchase, the insider owned 3,093,612 shares in the company, valued at $60,758,539.68. This represents a 0.65% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Institutional Inflows and OutflowsSeveral large investors have recently added to or reduced their stakes in the stock. Boston Partners increased its stake in shares of Intercorp Financial Services by 4.0% during the 1st quarter. Boston Partners now owns 26,917 shares of the company's stock worth $892,000 after purchasing an additional 1,045 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Intercorp Financial Services by 9.7% during the 2nd quarter. Geode Capital Management LLC now owns 20,649 shares of the company's stock worth $787,000 after buying an additional 1,824 shares during the period. Nipun Capital L.P. boosted its holdings in shares of Intercorp Financial Services by 11.1% during the 2nd quarter. Nipun Capital L.P. now owns 40,970 shares of the company's stock worth $1,562,000 after buying an additional 4,100 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Intercorp Financial Services by 9.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 61,148 shares of the company's stock worth $2,332,000 after buying an additional 5,244 shares during the period. Finally, Quantbot Technologies LP boosted its holdings in shares of Intercorp Financial Services by 50.2% during the 1st quarter. Quantbot Technologies LP now owns 16,404 shares of the company's stock worth $543,000 after buying an additional 5,481 shares during the period. About Intercorp Financial Services (Get Free Report)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.See AlsoFive stocks we like better than Intercorp Financial ServicesHow to Invest in the Best Canadian Stocks Ford and GM Stocks Jump—Is the Auto Rebound Real?Upcoming IPO Stock Lockup Period, ExplainedQ3 Telecom Wars: How AT&T, TMUS and VZ Stack Up After the ResultsWhat Are Some of the Best Large-Cap Stocks to Buy?Boeing Closes in on Airbus With Best Delivery Quarter Since 2018This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Intercorp Financial Services Right Now?Before you consider Intercorp Financial Services, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intercorp Financial Services wasn't on the list.While Intercorp Financial Services currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here