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32,220 Shares in Intercorp Financial Services Inc. $IFS Bought by Nuveen LLC

Intercorp Financial Services logo with Finance background

Nuveen LLC purchased a new position in shares of Intercorp Financial Services Inc. (NYSE:IFS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 32,220 shares of the company's stock, valued at approximately $1,067,000.

Other institutional investors have also modified their holdings of the company. Employees Retirement System of Texas purchased a new position in shares of Intercorp Financial Services in the 4th quarter valued at $155,000. FNY Investment Advisers LLC purchased a new position in Intercorp Financial Services in the first quarter valued at about $182,000. Centiva Capital LP purchased a new position in Intercorp Financial Services in the 4th quarter valued at approximately $291,000. Mackenzie Financial Corp acquired a new stake in Intercorp Financial Services in the 1st quarter valued at about $303,000. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Intercorp Financial Services during the 4th quarter worth approximately $305,000.

Insiders Place Their Bets

In other news, major shareholder Peru Ltd Intercorp acquired 17,803 shares of the business's stock in a transaction on Tuesday, July 22nd. The shares were purchased at an average price of $19.66 per share, for a total transaction of $350,006.98. Following the completion of the purchase, the insider directly owned 2,946,766 shares of the company's stock, valued at $57,933,419.56. This 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 this hyperlink.

IFS traded up $0.94 on Wednesday, reaching $41.13. The company's stock had a trading volume of 318,939 shares, compared to its average volume of 209,763. Intercorp Financial Services Inc. has a 1 year low of $23.95 and a 1 year high of $41.35. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of 0.35 and a beta of 1.16. The business's 50 day moving average is $37.76 and its 200 day moving average is $35.03.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Intercorp Financial Services from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $30.00.

Get Our Latest Report on Intercorp Financial Services

Intercorp Financial Services Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Intercorp Financial Services (NYSE:IFS)

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