Cubist Systematic Strategies LLC Has $1 Million Holdings in Intercorp Financial Services Inc. (NYSE:IFS)

Cubist Systematic Strategies LLC increased its holdings in Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 120.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm 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 SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IFS. Sagil Capital LLP acquired a new stake in Intercorp Financial Services during the fourth quarter valued at approximately $9,064,000. Principal Financial Group Inc. boosted its holdings in Intercorp Financial Services by 64.9% in the 4th quarter. Principal Financial Group Inc. now owns 381,269 shares of the company's stock valued at $11,186,000 after purchasing an additional 150,000 shares during the period. Mirabella Financial Services LLP lifted its holdings in shares of Intercorp Financial Services by 614.1% during the 4th quarter. Mirabella Financial Services LLP now owns 127,797 shares of the company's stock worth $3,750,000 after acquiring an additional 109,900 shares during the period. Marshall Wace LLP lifted its holdings in shares of Intercorp Financial Services by 115.3% during the 4th quarter. Marshall Wace LLP now owns 172,118 shares of the company's stock worth $5,050,000 after acquiring an additional 92,188 shares during the period. Finally, Lord Abbett & CO. LLC boosted its position in Intercorp Financial Services by 39.2% in the fourth quarter. Lord Abbett & CO. LLC now owns 280,131 shares of the company's stock valued at $8,219,000 after buying an additional 78,822 shares in the last quarter.

Intercorp Financial Services Stock Performance

Shares of NYSE IFS traded up $0.09 during trading on Tuesday, reaching $35.70. The company had a trading volume of 2,186 shares, compared to its average volume of 140,269. Intercorp Financial Services Inc. has a 52 week low of $21.40 and a 52 week high of $36.55. The stock has a market cap of $4.08 billion, a PE ratio of 11.82, a PEG ratio of 0.32 and a beta of 1.17. The business's 50 day moving average price is $32.96 and its 200-day moving average price is $30.85.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $1.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.17. The business had revenue of $382.57 million during the quarter, compared to the consensus estimate of $1.35 billion. Intercorp Financial Services had a net margin of 21.03% and a return on equity of 12.38%. Equities analysts anticipate that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current year.

Intercorp Financial Services Announces Dividend

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

Insider Activity at Intercorp Financial Services

In other news, major shareholder Peru Ltd Intercorp acquired 320,237 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The stock was purchased at an average price of $19.59 per share, for a total transaction of $6,273,442.83. Following the completion of the acquisition, the insider now owns 2,909,571 shares in the company, valued at $56,998,495.89. This trade represents a 12.37% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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.