BNP Paribas Financial Markets Purchases New Shares in Intercorp Financial Services Inc. (NYSE:IFS)

BNP Paribas Financial Markets bought a new position in Intercorp Financial Services Inc. (NYSE:IFS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 57,512 shares of the company's stock, valued at approximately $1,687,000. BNP Paribas Financial Markets owned 0.05% of Intercorp Financial Services at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in IFS. Ariel Investments LLC acquired a new position in shares of Intercorp Financial Services during the fourth quarter valued at $267,000. PDT Partners LLC grew its holdings in Intercorp Financial Services by 170.2% during the fourth quarter. PDT Partners LLC now owns 24,511 shares of the company's stock worth $719,000 after acquiring an additional 15,440 shares during the period. Northern Trust Corp grew its holdings in Intercorp Financial Services by 103.5% during 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. Lord Abbett & CO. LLC grew its holdings in Intercorp Financial Services by 39.2% during the fourth quarter. Lord Abbett & CO. LLC now owns 280,131 shares of the company's stock worth $8,219,000 after acquiring an additional 78,822 shares during the period. Finally, Mirabella Financial Services LLP grew its holdings in Intercorp Financial Services by 614.1% during the fourth quarter. Mirabella Financial Services LLP now owns 127,797 shares of the company's stock worth $3,750,000 after acquiring an additional 109,900 shares during the period.

Intercorp Financial Services Trading Up 1.6%

NYSE:IFS traded up $0.56 during mid-day trading on Friday, reaching $36.64. 290,621 shares of the stock were exchanged, compared to its average volume of 143,325. The business has a fifty day moving average price of $33.20 and a 200 day moving average price of $31.05. The firm has a market capitalization of $4.19 billion, a PE ratio of 12.13, a PEG ratio of 0.32 and a beta of 1.17. Intercorp Financial Services Inc. has a 1-year low of $21.40 and a 1-year high of $36.86.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $1.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 earnings per share for the current year.

Intercorp Financial Services Dividend Announcement

The company also recently announced an annual dividend, which was paid on Monday, May 5th. Investors 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 of this dividend was Wednesday, April 23rd. Intercorp Financial Services's payout ratio is currently 25.33%.

Insider Activity at Intercorp Financial Services

In related news, major shareholder Peru Ltd Intercorp purchased 320,237 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The stock was acquired at an average price of $19.59 per share, for a total transaction of $6,273,442.83. Following the transaction, the insider now directly owns 2,909,571 shares of the company's stock, valued at $56,998,495.89. This trade represents a 12.37% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

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.