Deprince Race & Zollo Inc. Increases Stock Position in Intercorp Financial Services Inc. (NYSE:IFS)

Deprince Race & Zollo Inc. boosted its holdings in Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 37.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 182,782 shares of the company's stock after buying an additional 50,257 shares during the period. Deprince Race & Zollo Inc. owned 0.16% of Intercorp Financial Services worth $5,363,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Sagil Capital LLP bought a new stake in shares of Intercorp Financial Services in the 4th quarter worth about $9,064,000. Driehaus Capital Management LLC purchased a new stake in shares of Intercorp Financial Services in the 4th quarter worth $4,901,000. Principal Financial Group Inc. increased its holdings 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 buying an additional 150,000 shares during the period. Mirabella Financial Services LLP raised its stake in Intercorp Financial Services by 614.1% in the fourth quarter. Mirabella Financial Services LLP now owns 127,797 shares of the company's stock worth $3,750,000 after buying an additional 109,900 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in Intercorp Financial Services by 115.3% during the 4th quarter. Marshall Wace LLP now owns 172,118 shares of the company's stock valued at $5,050,000 after acquiring an additional 92,188 shares in the last quarter.

Insider Buying and Selling at Intercorp Financial Services

In related news, major shareholder Peru Ltd Intercorp purchased 320,237 shares of Intercorp Financial Services stock in a transaction that occurred on Wednesday, April 23rd. The stock was purchased at an average cost of $19.59 per share, with a total value of $6,273,442.83. Following the completion of the transaction, the insider now directly owns 2,909,571 shares in the company, valued at approximately $56,998,495.89. The trade was a 12.37% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Intercorp Financial Services Price Performance

Intercorp Financial Services stock traded up $0.53 during trading hours on Wednesday, reaching $35.43. The stock had a trading volume of 124,159 shares, compared to its average volume of 197,168. Intercorp Financial Services Inc. has a 52 week low of $21.40 and a 52 week high of $36.00. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 0.32 and a beta of 1.17. The business's 50 day moving average price is $32.65 and its 200-day moving average price is $30.59.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.89 by $0.17. The firm had revenue of $382.57 million for the quarter, compared to analyst estimates of $1.35 billion. Intercorp Financial Services had a return on equity of 12.38% and a net margin of 21.03%. On average, sell-side analysts forecast that Intercorp Financial Services Inc. will post 4.23 EPS for the current fiscal year.

Intercorp Financial Services Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Monday, May 5th. Investors of record on Thursday, April 24th were issued a $1.00 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a dividend yield of 3%. Intercorp Financial Services's dividend payout ratio is presently 25.33%.

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.