Insider Buying: Intercorp Financial Services Inc. (NYSE:IFS) Major Shareholder Purchases 12,729 Shares of Stock

Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report) major shareholder Peru Ltd Intercorp bought 12,729 shares of Intercorp Financial Services stock in a transaction dated Tuesday, June 24th. The shares were bought at an average cost of $19.64 per share, with a total value of $249,997.56. Following the completion of the transaction, the insider now directly owns 2,928,964 shares in the company, valued at approximately $57,524,852.96. This trade represents a 0.44% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

Peru Ltd Intercorp also recently made the following trade(s):

• On Wednesday, April 23rd, Peru Ltd Intercorp purchased 320,237 shares of Intercorp Financial Services stock. The stock was bought at an average cost of $19.59 per share, for a total transaction of $6,273,442.83.

Intercorp Financial Services Stock Performance

NYSE:IFS traded up $0.18 on Wednesday, reaching $36.22. 168,255 shares of the company's stock were exchanged, compared to its average volume of 161,343. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 9.66, a P/E/G ratio of 0.33 and a beta of 1.15. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a fifty day simple moving average of $34.76 and a 200-day simple moving average of $32.24. Intercorp Financial Services Inc. has a 52 week low of $21.40 and a 52 week high of $37.36.

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, topping the consensus estimate of $0.89 by $0.17. Intercorp Financial Services had a net margin of 24.51% and a return on equity of 15.04%. The company had revenue of $382.57 million during the quarter, compared to the consensus estimate of $1.35 billion. As a group, sell-side 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. Stockholders of record on Thursday, April 24th were issued a $1.00 dividend. This represents a dividend yield of 3%. The ex-dividend date of this dividend was Wednesday, April 23rd. Intercorp Financial Services's payout ratio is currently 25.33%.

Hedge Funds Weigh In On Intercorp Financial Services

Several hedge funds have recently made changes to their positions in the stock. Helikon Investments Ltd raised its stake 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 purchasing an additional 213,392 shares during the period. Acadian Asset Management LLC grew its holdings in 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 buying an additional 418,351 shares in the last quarter. Millennium Management LLC grew its holdings in Intercorp Financial Services by 2,109.3% during the 4th quarter. Millennium Management LLC now owns 556,972 shares of the company's stock valued at $16,342,000 after buying an additional 531,762 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Intercorp Financial Services by 4.0% during the first quarter. Principal Financial Group Inc. now owns 396,356 shares of the company's stock valued at $13,131,000 after buying an additional 15,087 shares during the period. Finally, Lord Abbett & CO. LLC lifted its holdings in shares of Intercorp Financial Services by 15.5% in the first quarter. Lord Abbett & CO. LLC now owns 323,666 shares of the company's stock worth $10,723,000 after buying an additional 43,535 shares in the last quarter.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Intercorp Financial Services from a "strong-buy" rating to a "buy" rating in a research 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.

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