Ariel Investments LLC Takes $267,000 Position in Intercorp Financial Services Inc. (NYSE:IFS)

Ariel Investments LLC purchased a new position in Intercorp Financial Services Inc. (NYSE:IFS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,095 shares of the company's stock, valued at approximately $267,000.

Several other institutional investors have also bought and sold shares of IFS. PDT Partners LLC raised its position in shares of Intercorp Financial Services by 170.2% in the fourth quarter. PDT Partners LLC now owns 24,511 shares of the company's stock valued at $719,000 after purchasing an additional 15,440 shares during the period. Northern Trust Corp increased its position in shares of Intercorp Financial Services by 103.5% during the fourth quarter. Northern Trust Corp now owns 61,206 shares of the company's stock valued at $1,796,000 after buying an additional 31,136 shares during the period. Lord Abbett & CO. LLC boosted its position in shares of Intercorp Financial Services by 39.2% in the fourth quarter. Lord Abbett & CO. LLC now owns 280,131 shares of the company's stock valued at $8,219,000 after acquiring an additional 78,822 shares during the period. Mirabella Financial Services LLP grew its stake in Intercorp Financial Services by 614.1% during the fourth quarter. Mirabella Financial Services LLP now owns 127,797 shares of the company's stock valued at $3,750,000 after acquiring an additional 109,900 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in Intercorp Financial Services by 115.3% during the 4th quarter. Marshall Wace LLP now owns 172,118 shares of the company's stock worth $5,050,000 after acquiring an additional 92,188 shares during the period.

Intercorp Financial Services Stock Down 0.3 %

Shares of IFS stock traded down $0.12 on Friday, reaching $34.42. The company's stock had a trading volume of 149,706 shares, compared to its average volume of 138,034. Intercorp Financial Services Inc. has a 12-month low of $21.40 and a 12-month high of $35.52. The company has a market capitalization of $3.94 billion, a P/E ratio of 11.40, a PEG ratio of 0.32 and a beta of 1.17. The stock's 50 day simple moving average is $32.48 and its 200-day simple moving average is $30.41.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.19. Intercorp Financial Services had a return on equity of 12.38% and a net margin of 21.03%. Research analysts expect that Intercorp Financial Services Inc. will post 4.23 EPS for the current year.

Intercorp Financial Services Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, April 24th were issued a $1.00 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a yield of 3%. Intercorp Financial Services's dividend payout ratio (DPR) is presently 31.46%.

Insiders Place Their Bets

In other news, major shareholder Peru Ltd Intercorp purchased 320,237 shares of the business's stock in a transaction dated Wednesday, April 23rd. The shares were purchased at an average price of $19.59 per share, for a total transaction of $6,273,442.83. Following the completion of the acquisition, the insider now directly owns 2,909,571 shares in the company, valued at $56,998,495.89. This represents a 12.37 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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.