Northern Trust Corp Grows Stock Holdings in Intercorp Financial Services Inc. (NYSE:IFS)

Northern Trust Corp grew its stake in shares of Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 103.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,206 shares of the company's stock after buying 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.

A number of other institutional investors and hedge funds have also recently modified their holdings of IFS. Geode Capital Management LLC grew its holdings in shares of Intercorp Financial Services by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 17,332 shares of the company's stock worth $509,000 after purchasing an additional 533 shares during the last quarter. R Squared Ltd bought a new stake in Intercorp Financial Services in the 4th quarter worth $42,000. Pictet Asset Management Holding SA grew its stake in shares of Intercorp Financial Services by 13.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 34,500 shares of the company's stock worth $1,012,000 after purchasing an additional 4,100 shares during the last quarter. Employees Retirement System of Texas bought a new stake in shares of Intercorp Financial Services in the fourth quarter worth about $1,549,000. Finally, Jump Financial LLC grew its stake in shares of Intercorp Financial Services by 42.8% in the fourth quarter. Jump Financial LLC now owns 18,091 shares of the company's stock worth $531,000 after purchasing an additional 5,423 shares during the last quarter.

Insider Buying and Selling

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp purchased 320,237 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The stock was purchased 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 directly owns 2,909,571 shares of the company's stock, valued at $56,998,495.89. This trade represents a 12.37% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Intercorp Financial Services Trading Down 2.5%

Shares of IFS stock traded down $0.89 during trading hours on Wednesday, reaching $35.36. The company's stock had a trading volume of 275,543 shares, compared to its average volume of 145,628. The firm's fifty day simple moving average is $33.29 and its 200 day simple moving average is $31.21. The stock has a market capitalization of $4.05 billion, a P/E ratio of 11.71, a P/E/G ratio of 0.32 and a beta of 1.17. Intercorp Financial Services Inc. has a one year low of $21.40 and a one year high of $36.90.

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, topping analysts' consensus estimates of $0.89 by $0.17. The firm had revenue of $382.57 million for the quarter, compared to analysts' expectations of $1.35 billion. Intercorp Financial Services had a return on equity of 12.38% and a net margin of 21.03%. As a group, equities research analysts forecast that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current fiscal year.

Intercorp Financial Services Announces Dividend

The company 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. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a yield of 3%. Intercorp Financial Services's payout ratio is currently 25.33%.

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.