Northern Trust Corp Increases Stock Position in Intercorp Financial Services Inc. (NYSE:IFS)

Northern Trust Corp raised its holdings in shares of Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 103.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,206 shares of the company's stock after purchasing an additional 31,136 shares during the quarter. Northern Trust Corp owned 0.05% of Intercorp Financial Services worth $1,796,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Intercorp Financial Services in the 4th quarter worth $42,000. Principal Financial Group Inc. boosted its position in Intercorp Financial Services by 64.9% during the fourth quarter. Principal Financial Group Inc. now owns 381,269 shares of the company's stock valued at $11,186,000 after purchasing an additional 150,000 shares during the last quarter. New York State Common Retirement Fund acquired a new stake in shares of Intercorp Financial Services in the fourth quarter worth about $716,000. Los Angeles Capital Management LLC acquired a new stake in shares of Intercorp Financial Services in the fourth quarter worth about $1,246,000. Finally, Nipun Capital L.P. acquired a new stake in shares of Intercorp Financial Services in the fourth quarter worth about $337,000.

Intercorp Financial Services Stock Down 1.6%

NYSE:IFS traded down $0.57 during trading hours on Friday, hitting $34.59. 215,499 shares of the stock were exchanged, compared to its average volume of 145,867. The company's 50 day moving average is $33.35 and its two-hundred day moving average is $31.37. The company has a market capitalization of $3.96 billion, a P/E ratio of 11.45, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. Intercorp Financial Services Inc. has a twelve month low of $21.40 and a twelve month high of $36.90.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.17. The business had revenue of $382.57 million during the quarter, compared to analysts' expectations 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 expect that Intercorp Financial Services Inc. will post 4.23 EPS for the current year.

Intercorp Financial Services Announces Dividend

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

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.

Insiders Place Their Bets

In related news, major shareholder Peru Ltd Intercorp bought 77,988 shares of the firm's stock in a transaction on Monday, March 24th. The shares were purchased at an average price of $19.58 per share, with a total value of $1,527,005.04. Following the completion of the purchase, the insider now owns 2,589,334 shares in the company, valued at $50,699,159.72. This represents a 3.11% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

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.