Principal Financial Group Inc. Purchases 15,087 Shares of Intercorp Financial Services Inc. (NYSE:IFS)

Principal Financial Group Inc. raised its stake in shares of Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 4.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 396,356 shares of the company's stock after purchasing an additional 15,087 shares during the period. Principal Financial Group Inc. owned 0.35% of Intercorp Financial Services worth $13,131,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Employees Retirement System of Texas acquired a new position in Intercorp Financial Services during the fourth quarter valued at approximately $1,549,000. FNY Investment Advisers LLC acquired a new stake in shares of Intercorp Financial Services in the first quarter worth $182,000. Sei Investments Co. acquired a new stake in shares of Intercorp Financial Services in the fourth quarter worth $212,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Intercorp Financial Services in the fourth quarter worth $238,000. Finally, Ariel Investments LLC acquired a new stake in shares of Intercorp Financial Services in the fourth quarter worth $267,000.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Intercorp Financial Services from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 8th.

Insider Buying and Selling

In other news, major shareholder Peru Ltd Intercorp bought 320,237 shares of Intercorp Financial Services stock in a transaction that occurred on Wednesday, April 23rd. The stock was purchased at an average cost of $19.59 per share, with a total value of $6,273,442.83. Following the completion of the transaction, the insider directly owned 2,909,571 shares in the company, valued at $56,998,495.89. This trade represents a 12.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Intercorp Financial Services Stock Performance

Shares of Intercorp Financial Services stock traded up $0.38 during midday trading on Wednesday, hitting $36.95. The company had a trading volume of 134,556 shares, compared to its average volume of 167,444. The business's 50 day simple moving average is $36.11 and its two-hundred day simple moving average is $33.09. The stock has a market cap of $4.23 billion, a PE ratio of 9.85, a P/E/G ratio of 0.34 and a beta of 1.16. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.12 and a quick ratio of 1.12. Intercorp Financial Services Inc. has a 1-year low of $21.40 and a 1-year high of $38.65.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.17. The business had revenue of $382.57 million for the quarter, compared to the consensus estimate of $1.35 billion. Intercorp Financial Services had a net margin of 24.51% and a return on equity of 15.04%. As a group, equities analysts predict that Intercorp Financial Services Inc. will post 4.23 EPS for the current fiscal year.

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.