XTX Topco Ltd Decreases Stock Holdings in Intercorp Financial Services Inc. (NYSE:IFS)

XTX Topco Ltd cut its holdings in shares of Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 58.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,010 shares of the company's stock after selling 12,902 shares during the period. XTX Topco Ltd's holdings in Intercorp Financial Services were worth $299,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Mackenzie Financial Corp purchased a new stake in shares of Intercorp Financial Services during the first quarter valued at $303,000. New York State Common Retirement Fund lifted its holdings in Intercorp Financial Services by 111.9% in the first quarter. New York State Common Retirement Fund now owns 51,724 shares of the company's stock valued at $1,714,000 after acquiring an additional 27,309 shares during the period. Principal Financial Group Inc. lifted its holdings in Intercorp Financial Services by 4.0% in the first 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 period. FNY Investment Advisers LLC bought a new position in Intercorp Financial Services in the first quarter valued at about $182,000. Finally, Nipun Capital L.P. lifted its holdings in Intercorp Financial Services by 220.6% in the first quarter. Nipun Capital L.P. now owns 36,870 shares of the company's stock valued at $1,222,000 after acquiring an additional 25,370 shares during the period.

Intercorp Financial Services Stock Performance

IFS stock traded down $0.19 during trading on Thursday, reaching $38.70. The stock had a trading volume of 300,669 shares, compared to its average volume of 213,255. Intercorp Financial Services Inc. has a 52 week low of $22.58 and a 52 week high of $40.24. The stock's 50 day moving average is $36.76 and its two-hundred day moving average is $34.19. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.65. The firm has a market cap of $4.43 billion, a PE ratio of 8.60, a PEG ratio of 0.37 and a beta of 1.15.

Insiders Place Their Bets

In related news, major shareholder Peru Ltd Intercorp acquired 17,803 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The shares were purchased at an average price of $19.66 per share, with a total value of $350,006.98. Following the completion of the purchase, the insider directly owned 2,946,766 shares of the company's stock, valued at $57,933,419.56. This represents a 0.61% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Intercorp Financial Services from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 8th.

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.