Balyasny Asset Management L.P. Takes $305,000 Position in Intercorp Financial Services Inc. (NYSE:IFS)

Balyasny Asset Management L.P. bought a new stake in Intercorp Financial Services Inc. (NYSE:IFS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,403 shares of the company's stock, valued at approximately $305,000.

Other hedge funds have also made changes to their positions in the company. R Squared Ltd purchased a new stake in Intercorp Financial Services during the 4th quarter worth $42,000. Sei Investments Co. purchased a new stake in Intercorp Financial Services during the 4th quarter worth $212,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Intercorp Financial Services during the 4th quarter worth $238,000. Ariel Investments LLC purchased a new stake in Intercorp Financial Services during the 4th quarter worth $267,000. Finally, Quantbot Technologies LP increased its stake in Intercorp Financial Services by 314.4% during the 4th quarter. Quantbot Technologies LP now owns 10,923 shares of the company's stock worth $320,000 after buying an additional 8,287 shares during the period.

Insiders Place Their Bets

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp purchased 320,237 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The stock was acquired at an average cost of $19.59 per share, with a total value 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 purchase was disclosed in a filing with the SEC, which is accessible through this link.

Intercorp Financial Services Trading Up 1.6%

IFS stock traded up $0.56 during mid-day trading on Friday, hitting $36.64. 290,621 shares of the company were exchanged, compared to its average volume of 143,325. The company has a market capitalization of $4.19 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. Intercorp Financial Services Inc. has a twelve month low of $21.40 and a twelve month high of $36.86. The firm has a fifty day simple moving average of $33.20 and a 200 day simple moving average of $31.05.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.17. The company had revenue of $382.57 million during the quarter, compared to analyst estimates of $1.35 billion. Intercorp Financial Services had a net margin of 21.03% and a return on equity of 12.38%. As a group, sell-side analysts anticipate that Intercorp Financial Services Inc. will post 4.23 earnings per share 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 issued a dividend of $1.00 per share. This represents a yield of 3%. The ex-dividend date was Wednesday, April 23rd. Intercorp Financial Services's dividend payout ratio is currently 25.33%.

About Intercorp Financial Services

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.