Citadel Advisors LLC Sells 31,341 Shares of Intercorp Financial Services Inc. (NYSE:IFS)

Citadel Advisors LLC reduced its holdings in Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 54.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,345 shares of the company's stock after selling 31,341 shares during the quarter. Citadel Advisors LLC's holdings in Intercorp Financial Services were worth $773,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IFS. R Squared Ltd acquired a new stake in Intercorp Financial Services in the 4th quarter valued at approximately $42,000. Sei Investments Co. acquired a new stake in shares of Intercorp Financial Services in the fourth quarter worth $212,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Intercorp Financial Services during the fourth quarter worth $238,000. Ariel Investments LLC bought a new position in Intercorp Financial Services during the fourth quarter valued at about $267,000. Finally, Balyasny Asset Management L.P. bought a new position in Intercorp Financial Services during the fourth quarter valued at about $305,000.

Intercorp Financial Services Stock Up 0.2%

Shares of IFS stock traded up $0.08 on Tuesday, reaching $35.11. The stock had a trading volume of 189,382 shares, compared to its average volume of 147,182. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 0.32 and a beta of 1.17. Intercorp Financial Services Inc. has a 12 month low of $21.40 and a 12 month high of $36.90. The firm's 50-day moving average is $33.37 and its two-hundred day moving average is $31.44.

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 (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 business had revenue of $382.57 million for the quarter, compared to analysts' expectations of $1.35 billion. On average, sell-side analysts forecast that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current fiscal year.

Intercorp Financial Services Announces Dividend

The company also recently announced an annual dividend, which was paid on Monday, May 5th. Investors of record on Thursday, April 24th were paid 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 presently 25.33%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Intercorp Financial Services from a "buy" rating to a "strong-buy" rating in a research report on Saturday.

Insider Buying and Selling at Intercorp Financial Services

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp acquired 320,237 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The stock was bought 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 in the company, valued at approximately $56,998,495.89. This represents a 12.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through 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.