Intercorp Financial Services Inc. (NYSE:IFS) Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio grew its position in shares of Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 149.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 40,389 shares of the company's stock after purchasing an additional 24,185 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Intercorp Financial Services were worth $1,185,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Millennium Management LLC grew its holdings in shares of Intercorp Financial Services by 2,109.3% during the fourth quarter. Millennium Management LLC now owns 556,972 shares of the company's stock worth $16,342,000 after buying an additional 531,762 shares during the last quarter. Sagil Capital LLP purchased a new position in shares of Intercorp Financial Services during the fourth quarter worth about $9,064,000. Driehaus Capital Management LLC purchased a new position in shares of Intercorp Financial Services during the fourth quarter worth about $4,901,000. Principal Financial Group Inc. grew its holdings in shares of Intercorp Financial Services by 64.9% during the fourth quarter. Principal Financial Group Inc. now owns 381,269 shares of the company's stock worth $11,186,000 after buying an additional 150,000 shares during the last quarter. Finally, Mirabella Financial Services LLP grew its holdings in shares of Intercorp Financial Services by 614.1% during the fourth quarter. Mirabella Financial Services LLP now owns 127,797 shares of the company's stock worth $3,750,000 after buying an additional 109,900 shares during the last quarter.

Intercorp Financial Services Trading Up 2.5%

Shares of NYSE IFS traded up $0.88 during midday trading on Friday, reaching $36.26. 145,386 shares of the company were exchanged, compared to its average volume of 151,096. Intercorp Financial Services Inc. has a 1 year low of $21.40 and a 1 year high of $36.90. The stock has a fifty day simple moving average of $33.52 and a 200 day simple moving average of $31.59. The stock has a market cap of $4.15 billion, a P/E ratio of 12.01, a PEG ratio of 0.32 and a beta of 1.17.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.17. Intercorp Financial Services had a net margin of 21.03% and a return on equity of 12.38%. The company had revenue of $382.57 million during the quarter, compared to the consensus estimate of $1.35 billion. As a group, analysts forecast that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current year.

Intercorp Financial Services Dividend Announcement

The business also recently declared an annual dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 24th were given a dividend of $1.00 per share. The ex-dividend date was Wednesday, April 23rd. This represents a dividend yield of 3%. Intercorp Financial Services's payout ratio is 25.33%.

Insider Activity

In related news, major shareholder Peru Ltd Intercorp purchased 320,237 shares of Intercorp Financial Services stock in a transaction dated Wednesday, April 23rd. The stock was bought at an average cost of $19.59 per share, for a total transaction of $6,273,442.83. Following the transaction, the insider now owns 2,909,571 shares in the company, valued at approximately $56,998,495.89. The trade was a 12.37% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Analyst Ratings Changes

Separately, Wall Street Zen raised Intercorp Financial Services from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 31st.

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.