Intercorp Financial Services Inc. (NYSE:IFS) Holdings Raised by Millennium Management LLC

Millennium Management LLC boosted its holdings in shares of Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 2,109.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 556,972 shares of the company's stock after purchasing an additional 531,762 shares during the period. Millennium Management LLC owned approximately 0.49% of Intercorp Financial Services worth $16,342,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Lazard Asset Management LLC acquired a new stake in Intercorp Financial Services during the fourth quarter valued at approximately $1,382,000. Deprince Race & Zollo Inc. lifted its position in shares of Intercorp Financial Services by 37.9% in the 4th quarter. Deprince Race & Zollo Inc. now owns 182,782 shares of the company's stock valued at $5,363,000 after acquiring an additional 50,257 shares in the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of Intercorp Financial Services in the 4th quarter valued at approximately $4,901,000. Cubist Systematic Strategies LLC lifted its position in shares of Intercorp Financial Services by 120.7% in the 4th quarter. Cubist Systematic Strategies LLC now owns 34,236 shares of the company's stock valued at $1,004,000 after acquiring an additional 18,722 shares in the last quarter. Finally, Centiva Capital LP purchased a new stake in shares of Intercorp Financial Services in the 4th quarter valued at approximately $291,000.

Intercorp Financial Services Stock Performance

Shares of NYSE:IFS traded down $0.45 during mid-day trading on Tuesday, hitting $36.23. The stock had a trading volume of 373,747 shares, compared to its average volume of 144,672. The company has a market cap of $4.15 billion, a PE ratio of 12.00, a P/E/G 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 $36.90. The company's 50 day moving average is $33.29 and its 200-day moving average is $31.21.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.89 by $0.17. The business 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 research analysts predict that Intercorp Financial Services Inc. will post 4.23 EPS for the current fiscal 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 $1.00 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a dividend yield of 3%. Intercorp Financial Services's dividend payout ratio (DPR) is presently 25.33%.

Insider Activity at Intercorp Financial Services

In other news, major shareholder Peru Ltd Intercorp purchased 320,237 shares of Intercorp Financial Services stock in a transaction that occurred on Wednesday, April 23rd. The stock was acquired at an average price of $19.59 per share, for a total transaction of $6,273,442.83. Following the transaction, the insider now owns 2,909,571 shares in the company, valued at $56,998,495.89. The trade was a 12.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

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.