Bank of America Corp DE Acquires 16,916 Shares of Intercorp Financial Services Inc. (NYSE:IFS)

Bank of America Corp DE lifted its position in shares of Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 141.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,875 shares of the company's stock after purchasing an additional 16,916 shares during the period. Bank of America Corp DE's holdings in Intercorp Financial Services were worth $847,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Principal Financial Group Inc. grew its position in shares of Intercorp Financial Services by 64.9% in the 4th 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 last quarter. Northern Trust Corp lifted its stake in shares of Intercorp Financial Services by 103.5% in the fourth quarter. Northern Trust Corp now owns 61,206 shares of the company's stock worth $1,796,000 after acquiring an additional 31,136 shares during the period. Banco BTG Pactual S.A. bought a new stake in Intercorp Financial Services in the fourth quarter valued at approximately $1,882,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Intercorp Financial Services by 20.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 274,868 shares of the company's stock worth $8,065,000 after purchasing an additional 47,295 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Intercorp Financial Services by 48.5% in the 4th quarter. American Century Companies Inc. now owns 49,449 shares of the company's stock valued at $1,451,000 after purchasing an additional 16,158 shares during the last quarter.

Intercorp Financial Services Stock Up 0.9%

IFS traded up $0.32 during trading on Thursday, hitting $37.00. The company's stock had a trading volume of 450,194 shares, compared to its average volume of 156,254. The firm has a market capitalization of $4.23 billion, a P/E ratio of 12.25, a PEG ratio of 0.32 and a beta of 1.15. Intercorp Financial Services Inc. has a twelve month low of $21.40 and a twelve month high of $37.30. The stock's fifty day moving average price is $33.72 and its 200-day moving average price is $31.73.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.17. The business had revenue of $382.57 million for 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%. Equities research analysts expect that Intercorp Financial Services Inc. will post 4.23 EPS for the current fiscal year.

Intercorp Financial Services Announces Dividend

The company also recently declared 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 payout ratio is currently 25.33%.

Insider Buying and Selling at Intercorp Financial Services

In other news, major shareholder Peru Ltd Intercorp bought 77,988 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were bought at an average cost of $19.58 per share, for a total transaction of $1,527,005.04. Following the acquisition, the insider now directly owns 2,589,334 shares in the company, valued at approximately $50,699,159.72. This trade represents a 3.11% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Intercorp Financial Services from a "strong-buy" rating to a "buy" rating in a research note on Sunday.

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.