Intercorp Financial Services Inc. (NYSE:IFS) Shares Purchased by Helikon Investments Ltd

Key Points

• Helikon Investments Ltd increased its stake in Intercorp Financial Services by 21.9% during the first quarter, acquiring a total of 1,188,211 shares valued at approximately $39.4 million.
• Analysts from Wall Street Zen downgraded Intercorp Financial Services from a "strong-buy" to a "buy" rating on June 8th.
• Intercorp Financial Services reported $1.06 EPS for the most recent quarter, surpassing analyst estimates of $0.89.

Helikon Investments Ltd grew its holdings in Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 21.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,188,211 shares of the company's stock after acquiring an additional 213,392 shares during the period. Intercorp Financial Services accounts for approximately 3.0% of Helikon Investments Ltd's holdings, making the stock its 9th largest position. Helikon Investments Ltd owned about 1.04% of Intercorp Financial Services worth $39,365,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in IFS. Employees Retirement System of Texas bought a new stake in Intercorp Financial Services in the fourth quarter worth approximately $155,000. FNY Investment Advisers LLC bought a new stake in shares of Intercorp Financial Services during the 1st quarter worth $182,000. Sei Investments Co. bought a new stake in shares of Intercorp Financial Services during the 4th quarter worth $212,000. Ariel Investments LLC bought a new stake in shares of Intercorp Financial Services during the 4th quarter worth $267,000. Finally, Centiva Capital LP bought a new stake in shares of Intercorp Financial Services during the 4th quarter worth $291,000.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, major shareholder Peru Ltd Intercorp bought 17,803 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The stock was purchased at an average cost of $19.66 per share, for a total transaction of $350,006.98. Following the purchase, the insider directly owned 2,946,766 shares in the company, valued at $57,933,419.56. This trade represents a 0.61% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Intercorp Financial Services Stock Performance

Shares of NYSE IFS traded down $0.45 during trading hours on Wednesday, hitting $39.31. 105,684 shares of the stock were exchanged, compared to its average volume of 212,133. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.12 and a quick ratio of 1.12. The company's 50 day moving average is $36.68 and its 200 day moving average is $34.16. The firm has a market capitalization of $4.50 billion, a P/E ratio of 10.47, a P/E/G ratio of 0.35 and a beta of 1.15. Intercorp Financial Services Inc. has a one year low of $22.36 and a one year high of $40.25.

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.