Squarepoint Ops LLC Invests $672,000 in Intercorp Financial Services Inc. (NYSE:IFS)

Squarepoint Ops LLC bought a new position in Intercorp Financial Services Inc. (NYSE:IFS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,914 shares of the company's stock, valued at approximately $672,000.

Several other hedge funds have also modified their holdings of IFS. R Squared Ltd purchased a new stake in Intercorp Financial Services during the fourth quarter valued at about $42,000. Sei Investments Co. acquired a new position in shares of Intercorp Financial Services in the 4th quarter valued at about $212,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Intercorp Financial Services during the 4th quarter worth about $238,000. Ariel Investments LLC acquired a new stake in Intercorp Financial Services during the 4th quarter worth approximately $267,000. Finally, Centiva Capital LP acquired a new stake in Intercorp Financial Services during the 4th quarter worth approximately $291,000.

Intercorp Financial Services Stock Performance

Shares of NYSE:IFS traded up $0.88 during midday trading on Friday, hitting $36.26. 145,386 shares of the company's stock traded hands, compared to its average volume of 151,096. The firm's fifty day moving average price is $33.52 and its two-hundred day moving average price is $31.59. Intercorp Financial Services Inc. has a twelve month low of $21.40 and a twelve month high of $36.90. The company has a market cap of $4.15 billion, a PE ratio of 12.01, a P/E/G ratio of 0.32 and a beta of 1.17.

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

Intercorp Financial Services Dividend Announcement

The business also recently announced an annual dividend, which was paid on Monday, May 5th. Investors of record on Thursday, April 24th were issued 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 currently 25.33%.

Analyst Ratings Changes

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, May 31st.

Insider Activity at Intercorp Financial Services

In other news, major shareholder Peru Ltd Intercorp purchased 77,988 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was acquired at an average cost of $19.58 per share, with a total value of $1,527,005.04. Following the acquisition, the insider now owns 2,589,334 shares in the company, valued at approximately $50,699,159.72. This trade represents a 3.11% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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.