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

Citadel Advisors LLC decreased its holdings in Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 54.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 26,345 shares of the company's stock after selling 31,341 shares during the period. Citadel Advisors LLC's holdings in Intercorp Financial Services were worth $773,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. R Squared Ltd acquired a new stake in Intercorp Financial Services during the fourth quarter worth about $42,000. Employees Retirement System of Texas acquired a new position in shares of Intercorp Financial Services in the fourth quarter worth about $1,549,000. Sei Investments Co. acquired a new position in Intercorp Financial Services during the fourth quarter valued at $212,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Intercorp Financial Services during the 4th quarter valued at $238,000. Finally, Ariel Investments LLC acquired a new position in Intercorp Financial Services in the fourth quarter worth approximately $267,000.

Wall Street Analyst Weigh In

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

Insider Activity at Intercorp Financial Services

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

Intercorp Financial Services Trading Down 0.1%

Shares of IFS traded down $0.05 during mid-day trading on Wednesday, hitting $34.76. 444,783 shares of the company traded hands, compared to its average volume of 149,409. The business has a 50-day moving average of $33.42 and a 200 day moving average of $31.49. Intercorp Financial Services Inc. has a one year low of $21.40 and a one year high of $36.90. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 0.32 and a beta of 1.17.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last posted 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. Intercorp Financial Services had a return on equity of 12.38% and a net margin of 21.03%. The company had revenue of $382.57 million during the quarter, compared to analyst estimates of $1.35 billion. As a group, analysts anticipate that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current year.

Intercorp Financial Services Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, April 24th were paid a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a yield of 3%. Intercorp Financial Services's 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.