Principal Financial Group Inc. Boosts Stock Position in Intercorp Financial Services Inc. (NYSE:IFS)

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

Other large investors also recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in Intercorp Financial Services by 141.4% during the 4th quarter. Bank of America Corp DE now owns 28,875 shares of the company's stock valued at $847,000 after acquiring an additional 16,916 shares during the period. Northern Trust Corp raised its position in Intercorp Financial Services by 103.5% during the 4th quarter. Northern Trust Corp now owns 61,206 shares of the company's stock valued at $1,796,000 after purchasing an additional 31,136 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Intercorp Financial Services during the 4th quarter valued at $1,382,000. Squarepoint Ops LLC bought a new stake in Intercorp Financial Services during the 4th quarter valued at $672,000. Finally, Banco BTG Pactual S.A. bought a new stake in Intercorp Financial Services during the 4th quarter valued at $1,882,000.

Insider Activity at Intercorp Financial Services

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp bought 320,237 shares of the company's 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 purchase, the insider directly owned 2,909,571 shares in the company, valued at $56,998,495.89. This 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 this hyperlink.

Intercorp Financial Services Trading Down 1.4%

IFS opened at $36.64 on Friday. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 0.34 and a beta of 1.16. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.65. Intercorp Financial Services Inc. has a 12 month low of $21.40 and a 12 month high of $38.65. The stock has a fifty day moving average price of $36.03 and a 200-day moving average price of $32.99.

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

Analyst Upgrades and Downgrades

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

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.

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