New York State Common Retirement Fund Grows Stake in Intercorp Financial Services Inc. (NYSE:IFS)

New York State Common Retirement Fund raised its stake in Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 111.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,724 shares of the company's stock after purchasing an additional 27,309 shares during the period. New York State Common Retirement Fund's holdings in Intercorp Financial Services were worth $1,714,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Millennium Management LLC increased its position in shares of 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. increased its position in shares of 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. Sagil Capital LLP bought a new stake in shares of Intercorp Financial Services during the fourth quarter worth about $9,064,000. Lord Abbett & CO. LLC increased its position in shares of 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 acquiring an additional 78,822 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of 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 acquiring an additional 47,295 shares in the last quarter.

Intercorp Financial Services Stock Down 1.3%

IFS stock traded down $0.49 during trading on Friday, reaching $36.36. The stock had a trading volume of 181,895 shares, compared to its average volume of 208,169. Intercorp Financial Services Inc. has a one year low of $21.40 and a one year high of $38.65. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.65. The company's 50 day moving average is $36.41 and its two-hundred day moving average is $33.44. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 9.70, a P/E/G ratio of 0.35 and a beta of 1.16.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.17. Intercorp Financial Services had a net margin of 24.51% and a return on equity of 15.04%. The business had revenue of $382.57 million during the quarter, compared to the consensus estimate of $1.35 billion. Equities research analysts forecast that Intercorp Financial Services Inc. will post 4.23 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Intercorp Financial Services

In other news, major shareholder Peru Ltd Intercorp acquired 17,803 shares of Intercorp Financial Services stock in a transaction on Tuesday, July 22nd. The stock was acquired at an average cost of $19.66 per share, with a total value of $350,006.98. Following the transaction, the insider owned 2,946,766 shares of the company's stock, valued at approximately $57,933,419.56. This trade represents a 0.61% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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.