Intercorp Financial Services Inc. (NYSE:IFS) Stock Position Boosted by Nipun Capital L.P.

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of IFS. R Squared Ltd acquired a new stake in Intercorp Financial Services in the fourth quarter valued at approximately $42,000. Employees Retirement System of Texas purchased a new position in shares of Intercorp Financial Services during the 4th quarter valued at approximately $1,549,000. Sei Investments Co. acquired a new stake in Intercorp Financial Services in the 4th quarter valued at $212,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Intercorp Financial Services in the 4th quarter worth $238,000. Finally, Ariel Investments LLC purchased a new stake in Intercorp Financial Services in the 4th quarter worth $267,000.

Intercorp Financial Services Price Performance

IFS stock traded down $0.25 during trading on Tuesday, hitting $34.78. The stock had a trading volume of 391,839 shares, compared to its average volume of 147,964. Intercorp Financial Services Inc. has a twelve month low of $21.40 and a twelve month high of $36.90. The company's 50-day moving average price is $33.37 and its two-hundred day moving average price is $31.44. The stock has a market capitalization of $3.98 billion, a P/E ratio of 11.52, a PEG ratio of 0.32 and a beta of 1.17.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last issued its quarterly earnings results 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 return on equity of 12.38% and a net margin of 21.03%. The firm had revenue of $382.57 million for the quarter, compared to analyst estimates of $1.35 billion. As a group, sell-side analysts expect that Intercorp Financial Services Inc. will post 4.23 EPS for the current fiscal year.

Intercorp Financial Services Dividend Announcement

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

Insider Transactions at Intercorp Financial Services

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp purchased 320,237 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were purchased at an average cost of $19.59 per share, for a total transaction of $6,273,442.83. Following the completion of the transaction, the insider now owns 2,909,571 shares of the company's stock, valued at $56,998,495.89. The trade was a 12.37% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Intercorp Financial Services from a "buy" rating to a "strong-buy" rating in a report on Saturday.

About Intercorp Financial Services

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.