Intercorp Financial Services Inc. (NYSE: IFS) Announces Annual Dividend of $1.75

0

Intercorp Financial Services Inc. (NYSE: IFS – Get Rating) announced an annual dividend on Monday, April 4, reports The Wall Street Journal. Shareholders of record on Thursday, April 28 will receive a dividend of 1.75 per share on Friday, May 6. This represents a return of 4.8%. The ex-dividend date is Wednesday, April 27. This is an increase from Intercorp Financial Services‘ previous annual dividend of $0.77.

Intercorp Financial Services has a payout ratio of 43.5%, which means that its dividend is sufficiently covered by earnings. Research analysts expect Intercorp Financial Services to earn $4.22 per share next year, meaning the company should continue to be able to cover its $1.75 annual dividend with a expected future payout ratio of 41.5%.

Intercorp Financial Services stock opened at $31.68 on Monday. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 7.86, a growth price-to-earnings ratio of 0.56, and a beta of 1.34. Intercorp Financial Services has a fifty-two week minimum of $17.67 and a fifty-two week maximum of $37.64. The company has a fifty-day moving average price of $33.06.

Intercorp Financial Services (NYSE:IFS – Get Rating) last released its results on Friday, February 11. The company reported earnings per share of $0.56 for the quarter, missing Thomson Reuters consensus estimate of $0.68 per ($0.12). The company posted revenue of $253.62 million in the quarter, versus analyst estimates of $299.90 million. Intercorp Financial Services posted a net margin of 38.19% and a return on equity of 18.88%. On average, research analysts predict that Intercorp Financial Services will post EPS of 3.8 for the current year.

A number of large investors have recently changed their holdings in the company. Legal & General Group Plc increased its stake in Intercorp Financial Services by 5.5% in the 4th quarter. Legal & General Group Plc now owns 19,213 shares in the company worth $508,000 after buying an additional 1,002 shares in the last quarter. Bank of America Corp DE increased its stake in Intercorp Financial Services by 146.2% in the second quarter. Bank of America Corp DE now owns 2,031 shares of the company worth $51,000 after buying 1,206 more shares in the last quarter. Morgan Stanley increased its stake in Intercorp Financial Services by 12.0% in the second quarter. Morgan Stanley now owns 18,986 shares of the company worth $477,000 after buying 2,033 more shares in the last quarter. Citadel Advisors LLC increased its stake in Intercorp Financial Services by 51.2% in the 2nd quarter. Citadel Advisors LLC now owns 31,077 shares of the company worth $781,000 after purchasing an additional 10,517 shares in the last quarter. Finally, BlackRock Inc. increased its stake in shares of Intercorp Financial Services by 6.1% in the 4th quarter. BlackRock Inc. now owns 757,001 shares of the company worth $19,970,000 after purchasing an additional 43,257 shares during the period. 8.66% of the shares are currently held by hedge funds and other institutional investors.

A number of analysts have recently commented on IFS shares. Itau BBA Securities downgraded Intercorp Financial Services from an “outperform” rating to a “market performer” rating and set a price target of $35.00 for the stock. in a Friday, March 11 research note. Itaú Unibanco downgraded Intercorp Financial Services from an “outperforming” rating to a “market performance” rating and set a price target of $35.00 for the stock. in a Friday, March 11 research note. Finally, Zacks Investment Research upgraded Intercorp Financial Services from a “sell” rating to a “hold” rating in a research note on Saturday, April 2. Five equity research analysts gave the stock a hold rating and one issued a buy rating for the company’s stock. According to MarketBeat, Intercorp Financial Services currently has an average rating of “Hold” and an average price target of $30.17.

Intercorp Financial Services Company Profile (Get an assessment)

Intercorp Financial Services Inc provides banking, insurance and wealth management services to retail and business clients in Peru. The Company operates through three segments: Banking, Insurance and Wealth Management. It provides transactional accounts, such as cuenta sueldo and cuenta simple; savings accounts; investment accounts; and term deposits, certificates of deposit and compensation for time-of-service accounts.

Further reading



Get news and reviews for Intercorp Financial Services Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Intercorp Financial Services and related companies with MarketBeat.com’s free daily email newsletter.

Share.

About Author

Comments are closed.