Bank of America Corp DE Has $847,000 Position in Intercorp Financial Services Inc. (NYSE:IFS)

Bank of America Corp DE lifted its holdings in Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 141.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,875 shares of the company's stock after acquiring 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.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BNP Paribas Financial Markets acquired a new position in shares of Intercorp Financial Services during the 4th quarter valued at $1,687,000. Ariel Investments LLC acquired a new position in shares of Intercorp Financial Services during the fourth quarter valued at about $267,000. PDT Partners LLC boosted its position in shares of Intercorp Financial Services by 170.2% during the 4th quarter. PDT Partners LLC now owns 24,511 shares of the company's stock worth $719,000 after purchasing an additional 15,440 shares in the last quarter. Northern Trust Corp boosted its position in shares of Intercorp Financial Services by 103.5% during the 4th quarter. Northern Trust Corp now owns 61,206 shares of the company's stock worth $1,796,000 after purchasing an additional 31,136 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its stake in shares of Intercorp Financial Services by 39.2% in the 4th quarter. Lord Abbett & CO. LLC now owns 280,131 shares of the company's stock valued at $8,219,000 after buying an additional 78,822 shares during the period.

Insider Transactions at Intercorp Financial Services

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

Intercorp Financial Services Trading Up 2.5%

NYSE IFS opened at $36.26 on Monday. The company has a market cap of $4.15 billion, a P/E ratio of 12.01, a PEG ratio of 0.32 and a beta of 1.15. The company has a fifty day simple moving average of $33.52 and a 200 day simple moving average of $31.62. Intercorp Financial Services Inc. has a 12-month low of $21.40 and a 12-month high of $36.90.

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

Intercorp Financial Services Announces Dividend

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%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded 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.

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