Fourth Sail Capital LP Purchases Shares of 257,874 Intercorp Financial Services Inc. (NYSE:IFS)

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.

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

A number of other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of Intercorp Financial Services by 4.0% in the 1st quarter. Principal Financial Group Inc. now owns 396,356 shares of the company's stock valued at $13,131,000 after purchasing an additional 15,087 shares during the period. Bank of America Corp DE lifted its stake in shares of Intercorp Financial Services by 141.4% in the 4th quarter. Bank of America Corp DE now owns 28,875 shares of the company's stock valued at $847,000 after purchasing an additional 16,916 shares during the period. Northern Trust Corp lifted its stake in shares of Intercorp Financial Services by 103.5% in the 4th quarter. Northern Trust Corp now owns 61,206 shares of the company's stock valued at $1,796,000 after purchasing an additional 31,136 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Intercorp Financial Services in the 4th quarter valued at $1,382,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Intercorp Financial Services in the 4th quarter valued at $672,000.

Insider Buying and Selling

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp acquired 17,803 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The shares were acquired at an average price of $19.66 per share, with a total value of $350,006.98. Following the purchase, the insider owned 2,946,766 shares of the company's stock, valued at $57,933,419.56. This represents a 0.61% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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 note on Sunday, June 8th.

Intercorp Financial Services Trading Up 0.7%

Intercorp Financial Services stock traded up $0.26 during mid-day trading on Friday, hitting $37.47. 135,438 shares of the company's stock were exchanged, compared to its average volume of 217,449. The firm has a market capitalization of $4.29 billion, a P/E ratio of 9.99, a PEG ratio of 0.35 and a beta of 1.15. Intercorp Financial Services Inc. has a fifty-two week low of $22.33 and a fifty-two week high of $38.65. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.65. The company's 50 day simple moving average is $36.52 and its 200-day simple moving average is $34.02.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.89 by $0.17. The business had revenue of $382.57 million for the quarter, compared to the consensus estimate of $1.35 billion. Intercorp Financial Services had a return on equity of 15.04% and a net margin of 24.51%. On average, equities analysts anticipate that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current year.

Intercorp Financial Services 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.