Ariel Investments LLC Acquires New Stake in Intercorp Financial Services Inc. (NYSE:IFS)

Ariel Investments LLC bought a new position in shares of Intercorp Financial Services Inc. (NYSE:IFS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,095 shares of the company's stock, valued at approximately $267,000.

Other large investors have also added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in shares of Intercorp Financial Services in the third quarter worth about $447,000. Geode Capital Management LLC raised its position in shares of Intercorp Financial Services by 2.4% during the third quarter. Geode Capital Management LLC now owns 16,799 shares of the company's stock valued at $439,000 after buying an additional 401 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in shares of Intercorp Financial Services by 6.1% in the third quarter. Lord Abbett & CO. LLC now owns 201,309 shares of the company's stock worth $5,260,000 after buying an additional 11,612 shares in the last quarter. R Squared Ltd bought a new position in shares of Intercorp Financial Services during the fourth quarter worth $42,000. Finally, Principal Financial Group Inc. grew its stake in Intercorp Financial Services by 64.9% during the fourth quarter. Principal Financial Group Inc. now owns 381,269 shares of the company's stock valued at $11,186,000 after acquiring an additional 150,000 shares in the last quarter.

Insider Activity

In related news, major shareholder Peru Ltd Intercorp purchased 320,237 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The shares were bought at an average price of $19.59 per share, for a total transaction of $6,273,442.83. Following the acquisition, the insider now owns 2,909,571 shares of the company's stock, valued at approximately $56,998,495.89. This represents a 12.37 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Intercorp Financial Services Stock Up 0.1 %

IFS stock traded up $0.03 during mid-day trading on Tuesday, hitting $34.65. The company had a trading volume of 149,908 shares, compared to its average volume of 135,908. The company has a 50-day moving average price of $32.39 and a 200 day moving average price of $30.33. Intercorp Financial Services Inc. has a 12-month low of $21.40 and a 12-month high of $35.32. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 11.47, a P/E/G ratio of 0.32 and a beta of 1.17.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.19. Intercorp Financial Services had a return on equity of 12.38% and a net margin of 21.03%. As a group, analysts expect that Intercorp Financial Services Inc. will post 4.23 EPS for the current year.

Intercorp Financial Services Dividend Announcement

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

Intercorp Financial Services 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.