Lazard Asset Management LLC Purchases Shares of 47,126 Intercorp Financial Services Inc. (NYSE:IFS)

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

Several other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in Intercorp Financial Services by 64.9% during the fourth quarter. Principal Financial Group Inc. now owns 381,269 shares of the company's stock worth $11,186,000 after purchasing an additional 150,000 shares in the last quarter. Sagil Capital LLP purchased a new position in Intercorp Financial Services during the fourth quarter worth about $9,064,000. Lord Abbett & CO. LLC raised its holdings in Intercorp Financial Services by 39.2% during the fourth quarter. Lord Abbett & CO. LLC now owns 280,131 shares of the company's stock worth $8,219,000 after purchasing an additional 78,822 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Intercorp Financial Services by 20.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 274,868 shares of the company's stock worth $8,065,000 after purchasing an additional 47,295 shares in the last quarter. Finally, Deprince Race & Zollo Inc. raised its holdings in Intercorp Financial Services by 37.9% during the fourth quarter. Deprince Race & Zollo Inc. now owns 182,782 shares of the company's stock worth $5,363,000 after purchasing an additional 50,257 shares in the last quarter.

Insider Buying and Selling at Intercorp Financial Services

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

Intercorp Financial Services Stock Up 1.6%

NYSE IFS traded up $0.56 during trading hours on Friday, hitting $36.64. 290,621 shares of the stock were exchanged, compared to its average volume of 143,752. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. Intercorp Financial Services Inc. has a 12-month low of $21.40 and a 12-month high of $36.86. The stock has a 50-day moving average of $33.20 and a 200 day moving average of $31.08.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last posted its quarterly 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. The firm had revenue of $382.57 million during the quarter, compared to analysts' expectations 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 research analysts expect that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current year.

Intercorp Financial Services Dividend Announcement

The business also recently announced an annual dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, April 24th were issued a $1.00 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a yield of 3%. Intercorp Financial Services's dividend payout ratio (DPR) is presently 25.33%.

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.