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257,874 Shares in Intercorp Financial Services Inc. (NYSE:IFS) Acquired by Fourth Sail Capital LP

Intercorp Financial Services logo with Finance background

Key Points

  • Fourth Sail Capital LP has acquired a new stake in Intercorp Financial Services Inc., purchasing 257,874 shares valued at approximately $8.54 million, representing 2.0% of its portfolio.
  • Other investors such as Mackenzie Financial Corp and New York State Common Retirement Fund increased their stakes in Intercorp, with the latter growing its position by 111.9%.
  • Intercorp Financial Services reported an earnings per share of $1.06 for the last quarter, exceeding estimates by $0.17, and has a market capitalization of roughly $4.15 billion.
  • Need Better Tools to Track Intercorp Financial Services? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Fourth Sail Capital LP acquired a new position in shares of Intercorp Financial Services Inc. (NYSE:IFS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 257,874 shares of the company's stock, valued at approximately $8,543,000. Intercorp Financial Services comprises about 2.0% of Fourth Sail Capital LP's holdings, making the stock its 21st biggest position. Fourth Sail Capital LP owned 0.23% of Intercorp Financial Services as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Millennium Management LLC lifted its stake in shares of Intercorp Financial Services by 2,109.3% in the fourth quarter. Millennium Management LLC now owns 556,972 shares of the company's stock valued at $16,342,000 after purchasing an additional 531,762 shares during the period. Driehaus Capital Management LLC acquired a new stake in shares of Intercorp Financial Services during the 4th quarter valued at approximately $4,901,000. Mirabella Financial Services LLP boosted its stake in shares of Intercorp Financial Services by 614.1% during the 4th 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 in the last quarter. Marshall Wace LLP grew its holdings in shares of Intercorp Financial Services by 115.3% in the 4th quarter. Marshall Wace LLP now owns 172,118 shares of the company's stock worth $5,050,000 after acquiring an additional 92,188 shares during the period. Finally, Lord Abbett & CO. LLC increased its stake in 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 purchasing an additional 78,822 shares in the last quarter.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Intercorp Financial Services from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 8th.

View Our Latest Stock Analysis on IFS

Insider Activity

In other news, major shareholder Peru Ltd Intercorp bought 17,803 shares of Intercorp Financial Services stock in a transaction that occurred on Tuesday, July 22nd. The shares were purchased at an average price of $19.66 per share, for a total transaction of $350,006.98. Following the completion of the acquisition, the insider owned 2,946,766 shares of the company's stock, valued at $57,933,419.56. The trade was a 0.61% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Intercorp Financial Services Trading Up 3.0%

Shares of Intercorp Financial Services stock traded up $1.08 during mid-day trading on Thursday, hitting $37.18. 389,497 shares of the stock were exchanged, compared to its average volume of 205,451. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 0.34 and a beta of 1.15. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.65. Intercorp Financial Services Inc. has a twelve month low of $22.33 and a twelve month high of $38.65. The company has a 50-day simple moving average of $36.46 and a 200 day simple moving average of $33.93.

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, beating analysts' consensus estimates of $0.89 by $0.17. The firm had revenue of $382.57 million during the quarter, compared to the consensus estimate of $1.35 billion. Intercorp Financial Services had a net margin of 24.51% and a return on equity of 15.04%. Research analysts forecast that Intercorp Financial Services Inc. will post 4.23 EPS for the current year.

Intercorp Financial Services Company Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Intercorp Financial Services (NYSE:IFS)

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