Intercorp Financial Services Inc. (NYSE:IFS) Shares Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lifted its position in shares of Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 120.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,236 shares of the company's stock after buying an additional 18,722 shares during the period. Cubist Systematic Strategies LLC's holdings in Intercorp Financial Services were worth $1,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. R Squared Ltd purchased a new position in shares of Intercorp Financial Services during the fourth quarter worth $42,000. Sei Investments Co. purchased a new position in shares of Intercorp Financial Services during the fourth quarter worth $212,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Intercorp Financial Services during the fourth quarter worth $238,000. Ariel Investments LLC purchased a new position in shares of Intercorp Financial Services during the fourth quarter worth $267,000. Finally, Centiva Capital LP purchased a new position in shares of Intercorp Financial Services during the fourth quarter worth $291,000.

Intercorp Financial Services Stock Up 1.4%

IFS opened at $35.40 on Thursday. Intercorp Financial Services Inc. has a 52 week low of $21.40 and a 52 week high of $36.00. The business has a fifty day simple moving average of $32.71 and a 200-day simple moving average of $30.63. The firm has a market cap of $4.05 billion, a P/E ratio of 11.72, a P/E/G ratio of 0.32 and a beta of 1.17.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $1.06 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $1.35 billion. Sell-side analysts expect that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current year.

Intercorp Financial Services Dividend Announcement

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

Insider Buying and Selling at Intercorp Financial Services

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp purchased 77,988 shares of the firm's stock in a transaction on Monday, March 24th. The stock was bought at an average price of $19.58 per share, with a total value of $1,527,005.04. Following the transaction, the insider now directly owns 2,589,334 shares of the company's stock, valued at approximately $50,699,159.72. This represents a 3.11% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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.

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