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

Squarepoint Ops LLC purchased a new stake in Intercorp Financial Services Inc. (NYSE:IFS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 22,914 shares of the company's stock, valued at approximately $672,000.

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

Intercorp Financial Services Stock Up 1.4%

Shares of IFS traded up $0.48 during midday trading on Thursday, reaching $35.20. 263,044 shares of the stock were exchanged, compared to its average volume of 149,928. The company has a market cap of $4.03 billion, a P/E ratio of 11.67, a PEG ratio of 0.32 and a beta of 1.17. Intercorp Financial Services Inc. has a twelve month low of $21.40 and a twelve month high of $36.90. The stock's 50 day simple moving average is $33.42 and its 200 day simple moving average is $31.49.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $1.06 earnings per share for the quarter, topping 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 predict that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current year.

Intercorp Financial Services Announces Dividend

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

Insider Activity at Intercorp Financial Services

In other news, major shareholder Peru Ltd Intercorp bought 77,988 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were acquired at an average price 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 of the company's stock, valued at approximately $50,699,159.72. The trade was a 3.11% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Analyst Upgrades and Downgrades

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.

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.