Robeco Institutional Asset Management B.V. Makes New Investment in Intercorp Financial Services Inc. $IFS

Robeco Institutional Asset Management B.V. bought a new position in Intercorp Financial Services Inc. (NYSE:IFS - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 52,914 shares of the company's stock, valued at approximately $2,018,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Maverick Capital Ltd. acquired a new stake in Intercorp Financial Services in the first quarter worth approximately $510,000. Principal Financial Group Inc. lifted its position in shares of Intercorp Financial Services by 4.0% during the 1st quarter. Principal Financial Group Inc. now owns 396,356 shares of the company's stock valued at $13,131,000 after acquiring an additional 15,087 shares during the last quarter. Helikon Investments Ltd lifted its position in shares of Intercorp Financial Services by 21.9% during the 1st quarter. Helikon Investments Ltd now owns 1,188,211 shares of the company's stock valued at $39,365,000 after acquiring an additional 213,392 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Intercorp Financial Services by 93.9% during the 1st quarter. Acadian Asset Management LLC now owns 864,090 shares of the company's stock valued at $28,593,000 after acquiring an additional 418,351 shares during the last quarter. Finally, Fourth Sail Capital LP acquired a new stake in shares of Intercorp Financial Services during the 1st quarter valued at $8,543,000.

Insider Buying and Selling at Intercorp Financial Services

In related news, major shareholder Peru Ltd Intercorp purchased 20,113 shares of the company's stock in a transaction dated Wednesday, September 24th. The shares were acquired at an average cost of $19.64 per share, with a total value of $395,019.32. Following the completion of the purchase, the insider owned 3,093,612 shares of the company's stock, valued at $60,758,539.68. The trade was a 0.65% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Intercorp Financial Services Price Performance

Shares of NYSE:IFS opened at $40.24 on Wednesday. Intercorp Financial Services Inc. has a 12-month low of $25.77 and a 12-month high of $42.21. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.61. The company has a market cap of $4.60 billion, a P/E ratio of 8.94, a price-to-earnings-growth ratio of 0.36 and a beta of 1.14. The company's fifty day moving average is $39.50 and its two-hundred day moving average is $36.43.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Intercorp Financial Services in a research report on Saturday, September 27th. Wall Street Zen upgraded Intercorp Financial Services from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 16th. Finally, Zacks Research raised shares of Intercorp Financial Services from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. Based on data from MarketBeat, Intercorp Financial Services has a consensus rating of "Strong Buy".

Intercorp Financial Services 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.

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