Nipun Capital L.P. Buys 25,370 Shares of Intercorp Financial Services Inc. (NYSE:IFS)

Nipun Capital L.P. grew its holdings in shares of Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 220.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,870 shares of the company's stock after purchasing an additional 25,370 shares during the period. Intercorp Financial Services makes up about 0.7% of Nipun Capital L.P.'s holdings, making the stock its 8th biggest position. Nipun Capital L.P.'s holdings in Intercorp Financial Services were worth $1,222,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. R Squared Ltd purchased a new stake in Intercorp Financial Services during the fourth quarter valued at about $42,000. Employees Retirement System of Texas purchased a new position in shares of Intercorp Financial Services in the 4th quarter valued at $155,000. Sei Investments Co. purchased a new stake in shares of Intercorp Financial Services in the fourth quarter worth about $212,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Intercorp Financial Services during the fourth quarter worth $238,000. Finally, Ariel Investments LLC acquired a new stake in shares of Intercorp Financial Services during the fourth quarter valued at about $267,000.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Intercorp Financial Services from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 31st.

Intercorp Financial Services Trading Up 1.0%

NYSE:IFS traded up $0.35 during midday trading on Thursday, hitting $35.07. 124,588 shares of the stock were exchanged, compared to its average volume of 149,363. The business has a 50-day moving average price of $33.42 and a two-hundred day moving average price of $31.49. Intercorp Financial Services Inc. has a one year low of $21.40 and a one year high of $36.90. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 11.61, a P/E/G ratio of 0.32 and a beta of 1.17.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $1.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.17. Intercorp Financial Services had a return on equity of 12.38% and a net margin of 21.03%. The company had revenue of $382.57 million for the quarter, compared to the consensus estimate of $1.35 billion. Sell-side analysts forecast that Intercorp Financial Services Inc. will post 4.23 EPS for the current fiscal year.

Intercorp Financial Services Dividend Announcement

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

Insider Activity

In related news, major shareholder Peru Ltd Intercorp acquired 320,237 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were acquired at an average price of $19.59 per share, for a total transaction of $6,273,442.83. Following the completion of the purchase, the insider now owns 2,909,571 shares in the company, valued at approximately $56,998,495.89. The trade was a 12.37% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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.