Walleye Capital LLC Acquires Shares of 21,319 Intercorp Financial Services Inc. $IFS

Key Points

• Walleye Capital LLC invested approximately $706,000 in Intercorp Financial Services Inc., acquiring 21,319 shares of the stock in the first quarter.
• Other institutional investors like Helikon Investments and Millennium Management have also significantly increased their holdings in Intercorp Financial Services in recent months, indicating strong institutional interest.
• The stock has recently been upgraded from a "buy" to a "strong-buy" rating by Wall Street Zen, suggesting a positive outlook among analysts.

Walleye Capital LLC purchased a new stake in shares of Intercorp Financial Services Inc. (NYSE:IFS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 21,319 shares of the company's stock, valued at approximately $706,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Employees Retirement System of Texas purchased a new stake in Intercorp Financial Services during the fourth quarter valued at about $155,000. FNY Investment Advisers LLC purchased a new stake in Intercorp Financial Services during the first quarter valued at about $182,000. Ariel Investments LLC purchased a new stake in Intercorp Financial Services during the fourth quarter valued at about $267,000. Centiva Capital LP purchased a new stake in shares of Intercorp Financial Services in the fourth quarter worth about $291,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of Intercorp Financial Services in the first quarter worth about $303,000.

Intercorp Financial Services Stock Up 2.3%

Shares of NYSE:IFS traded up $0.94 during trading on Wednesday, hitting $41.13. The company's stock had a trading volume of 318,939 shares, compared to its average volume of 208,790. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.12 and a current ratio of 1.12. Intercorp Financial Services Inc. has a fifty-two week low of $23.95 and a fifty-two week high of $41.35. The stock's 50-day moving average price is $37.66 and its two-hundred day moving average price is $34.99. The company has a market capitalization of $4.71 billion, a PE ratio of 9.14, a PEG ratio of 0.35 and a beta of 1.16.

Insider Activity at Intercorp Financial Services

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp purchased 17,803 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The shares were acquired at an average price of $19.66 per share, for a total transaction of $350,006.98. Following the completion of the purchase, the insider owned 2,946,766 shares in the company, valued at $57,933,419.56. The trade was a 0.61% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Intercorp Financial Services from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $30.00.

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.