Lingohr Asset Management GmbH Invests $1.53 Million in Intercorp Financial Services Inc. $IFS

Key Points

• Lingohr Asset Management GmbH invested approximately $1.53 million in Intercorp Financial Services Inc. during the 2nd quarter, making it the firm's 5th largest position.
• Research analysts upgraded Intercorp Financial Services, with Zacks Research and Wall Street Zen both giving it a "strong-buy" rating, reflecting positive sentiment towards the stock.
• Major shareholder Peru Ltd Intercorp purchased 17,803 shares at an average cost of $19.66 per share, increasing their ownership stake in the company.

Lingohr Asset Management GmbH purchased a new position in Intercorp Financial Services Inc. (NYSE:IFS - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 40,535 shares of the company's stock, valued at approximately $1,532,000. Intercorp Financial Services comprises approximately 2.8% of Lingohr Asset Management GmbH's investment portfolio, making the stock its 5th largest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Helikon Investments Ltd boosted its position in shares of Intercorp Financial Services by 21.9% in the 1st quarter. Helikon Investments Ltd now owns 1,188,211 shares of the company's stock worth $39,365,000 after purchasing an additional 213,392 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Intercorp Financial Services by 93.9% in the 1st quarter. Acadian Asset Management LLC now owns 864,090 shares of the company's stock worth $28,593,000 after purchasing an additional 418,351 shares during the last quarter. Millennium Management LLC lifted its holdings in Intercorp Financial Services by 2,109.3% during the fourth quarter. Millennium Management LLC now owns 556,972 shares of the company's stock worth $16,342,000 after acquiring an additional 531,762 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Intercorp Financial Services by 4.0% during the first quarter. Principal Financial Group Inc. now owns 396,356 shares of the company's stock worth $13,131,000 after acquiring an additional 15,087 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its holdings in Intercorp Financial Services by 15.5% during the first quarter. Lord Abbett & CO. LLC now owns 323,666 shares of the company's stock worth $10,723,000 after acquiring an additional 43,535 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Zacks Research upgraded Intercorp Financial Services from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 2nd. Wall Street Zen upgraded Intercorp Financial Services from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 16th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock has an average rating of "Strong Buy".

Insider Activity at Intercorp Financial Services

In other news, major shareholder Peru Ltd Intercorp purchased 17,803 shares of the business's stock in a transaction dated Tuesday, July 22nd. The shares were bought at an average cost of $19.66 per share, for a total transaction of $350,006.98. Following the completion of the acquisition, the insider directly owned 2,946,766 shares in the company, valued at approximately $57,933,419.56. This trade represents a 0.61% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Intercorp Financial Services Stock Performance

Shares of Intercorp Financial Services stock opened at $41.96 on Monday. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 0.37 and a beta of 1.16. The stock's 50-day moving average is $38.24 and its 200-day moving average is $35.51. Intercorp Financial Services Inc. has a one year low of $24.23 and a one year high of $42.21. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.12 and a quick ratio of 1.12.

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.

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