Driehaus Capital Management LLC Takes Position in Intercorp Financial Services Inc. (NYSE:IFS)

Driehaus Capital Management LLC purchased a new stake in Intercorp Financial Services Inc. (NYSE:IFS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 167,038 shares of the company's stock, valued at approximately $4,901,000. Driehaus Capital Management LLC owned approximately 0.15% of Intercorp Financial Services as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of IFS. Cubist Systematic Strategies LLC boosted its holdings in Intercorp Financial Services by 120.7% in the fourth quarter. Cubist Systematic Strategies LLC now owns 34,236 shares of the company's stock valued at $1,004,000 after purchasing an additional 18,722 shares during the last quarter. Centiva Capital LP purchased a new stake in shares of Intercorp Financial Services in the fourth quarter worth about $291,000. Balyasny Asset Management L.P. purchased a new position in Intercorp Financial Services during the fourth quarter valued at approximately $305,000. Bank of America Corp DE lifted its holdings in Intercorp Financial Services by 141.4% in the fourth quarter. Bank of America Corp DE now owns 28,875 shares of the company's stock valued at $847,000 after acquiring an additional 16,916 shares during the period. Finally, BNP Paribas Financial Markets purchased a new stake in Intercorp Financial Services in the 4th quarter worth approximately $1,687,000.

Intercorp Financial Services Stock Performance

Shares of IFS traded up $0.67 during trading hours on Tuesday, hitting $34.94. The stock had a trading volume of 256,831 shares, compared to its average volume of 139,944. The firm has a 50-day moving average price of $32.58 and a 200 day moving average price of $30.56. Intercorp Financial Services Inc. has a fifty-two week low of $21.40 and a fifty-two week high of $36.00. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 0.32 and a beta of 1.17.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.17. The business had revenue of $382.57 million during the quarter, compared to analysts' expectations of $1.35 billion. Intercorp Financial Services had a return on equity of 12.38% and a net margin of 21.03%. As a group, analysts predict that Intercorp Financial Services Inc. will post 4.23 EPS for the current fiscal year.

Intercorp Financial Services Announces Dividend

The company 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 was Wednesday, April 23rd. This represents a yield of 3%. Intercorp Financial Services's dividend payout ratio (DPR) is currently 31.46%.

Insider Buying and Selling at Intercorp Financial Services

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp acquired 77,988 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was bought at an average cost of $19.58 per share, for a total transaction of $1,527,005.04. Following the completion of the transaction, the insider now owns 2,589,334 shares of the company's stock, valued at approximately $50,699,159.72. The trade was a 3.11% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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.