Intercorp Financial Services Inc. (NYSE:IFS) Major Shareholder Acquires $249,997.56 in Stock

Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report) major shareholder Peru Ltd Intercorp bought 12,729 shares of the stock in a transaction dated Tuesday, June 24th. The stock was bought at an average price of $19.64 per share, with a total value of $249,997.56. Following the acquisition, the insider now owns 2,928,964 shares in the company, valued at approximately $57,524,852.96. This represents a 0.44% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company's shares 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 bought 320,237 shares of Intercorp Financial Services stock. The stock was bought at an average price of $19.59 per share, with a total value of $6,273,442.83.

Intercorp Financial Services Stock Performance

Intercorp Financial Services stock traded down $0.13 during midday trading on Friday, hitting $37.80. 228,908 shares of the company's stock were exchanged, compared to its average volume of 163,490. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 0.36 and a beta of 1.15. Intercorp Financial Services Inc. has a 12-month low of $21.40 and a 12-month high of $38.30. The firm's 50 day simple moving average is $35.12 and its 200 day simple moving average is $32.39.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $1.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.17. Intercorp Financial Services had a return on equity of 15.04% and a net margin of 24.51%. The firm had revenue of $382.57 million for the quarter, compared to analyst estimates of $1.35 billion. Equities research analysts predict that Intercorp Financial Services Inc. will post 4.23 EPS for the current year.

Intercorp Financial Services Dividend Announcement

The company also recently declared 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 yield of 3%. Intercorp Financial Services's dividend payout ratio is currently 25.33%.

Institutional Investors Weigh In On Intercorp Financial Services

Hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in shares of Intercorp Financial Services by 64.9% during the 4th quarter. Principal Financial Group Inc. now owns 381,269 shares of the company's stock worth $11,186,000 after buying an additional 150,000 shares in the last quarter. Bank of America Corp DE grew its holdings in Intercorp Financial Services by 141.4% during the fourth quarter. Bank of America Corp DE now owns 28,875 shares of the company's stock worth $847,000 after acquiring an additional 16,916 shares during the period. Northern Trust Corp raised its position in Intercorp Financial Services by 103.5% in the fourth quarter. Northern Trust Corp now owns 61,206 shares of the company's stock worth $1,796,000 after acquiring an additional 31,136 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Intercorp Financial Services in the fourth quarter valued at $1,382,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Intercorp Financial Services during the 4th quarter worth $672,000.

Analyst Upgrades and Downgrades

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

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.