47,126 Shares in Intercorp Financial Services Inc. (NYSE:IFS) Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC acquired a new position in Intercorp Financial Services Inc. (NYSE:IFS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 47,126 shares of the company's stock, valued at approximately $1,382,000.

A number of other institutional investors and hedge funds have also made changes to their positions in IFS. R Squared Ltd bought a new position in shares of Intercorp Financial Services during the fourth quarter valued at approximately $42,000. Sei Investments Co. bought a new stake in shares of Intercorp Financial Services during the fourth quarter valued at approximately $212,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Intercorp Financial Services during the fourth quarter valued at approximately $238,000. Ariel Investments LLC bought a new stake in shares of Intercorp Financial Services during the fourth quarter valued at approximately $267,000. Finally, Centiva Capital LP bought a new stake in shares of Intercorp Financial Services during the fourth quarter valued at approximately $291,000.

Intercorp Financial Services Stock Performance

Shares of IFS traded up $0.56 on Friday, hitting $36.64. 290,621 shares of the stock traded hands, compared to its average volume of 143,325. The company has a market capitalization of $4.19 billion, a PE ratio of 12.13, a P/E/G ratio of 0.32 and a beta of 1.17. The business has a 50 day simple moving average of $33.20 and a 200 day simple moving average of $31.05. Intercorp Financial Services Inc. has a one year low of $21.40 and a one year high of $36.86.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.17. The company 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 21.03% and a return on equity of 12.38%. On average, equities analysts expect that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current year.

Intercorp Financial Services Announces Dividend

The company also recently declared an annual dividend, which was paid on Monday, May 5th. Investors of record on Thursday, April 24th were given a dividend of $1.00 per share. This represents a dividend yield of 3%. The ex-dividend date of this dividend was Wednesday, April 23rd. Intercorp Financial Services's dividend payout ratio (DPR) is currently 25.33%.

Insider Buying and Selling

In related news, major shareholder Peru Ltd Intercorp bought 77,988 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were bought at an average cost of $19.58 per share, with a total value of $1,527,005.04. Following the acquisition, the insider now owns 2,589,334 shares in the company, valued at $50,699,159.72. This trade represents a 3.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, 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.