Intercorp Financial Services (NYSE:IFS) Major Shareholder Acquires $395,019.32 in Stock

Key Points

• Major shareholder Peru Ltd Intercorp acquired 20,113 shares of Intercorp Financial Services at an average price of $19.64, totaling approximately $395,019.32, increasing their holdings to 3,093,612 shares.
• Intercorp Financial Services saw a decline of 0.7% in share price, trading at $39.88, with a market cap of $4.56 billion.
• Analysts have upgraded Intercorp Financial Services’ rating to "strong-buy", indicating positive sentiment around the company's stock performance.

Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report) major shareholder Peru Ltd Intercorp purchased 20,113 shares of the company's stock in a transaction that occurred on Wednesday, September 24th. The shares were purchased at an average cost of $19.64 per share, with a total value of $395,019.32. Following the completion of the purchase, the insider owned 3,093,612 shares of the company's stock, valued at $60,758,539.68. The trade was a 0.65% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, July 22nd, Peru Ltd Intercorp purchased 17,803 shares of Intercorp Financial Services stock. The stock was acquired at an average price of $19.66 per share, for a total transaction of $350,006.98.

Intercorp Financial Services Trading Down 0.7%

Shares of NYSE IFS traded down $0.27 during midday trading on Friday, hitting $39.88. The company's stock had a trading volume of 6,835 shares, compared to its average volume of 207,170. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.61. The business's 50 day moving average is $38.90 and its two-hundred day moving average is $36.01. Intercorp Financial Services Inc. has a 12-month low of $25.45 and a 12-month high of $42.21. The firm has a market cap of $4.56 billion, a P/E ratio of 8.89, a price-to-earnings-growth ratio of 0.36 and a beta of 1.16.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Zacks Research raised Intercorp Financial Services from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 2nd. Wall Street Zen raised Intercorp Financial Services from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 16th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Strong Buy".

Institutional Investors Weigh In On Intercorp Financial Services

Several institutional investors have recently bought and sold shares of the company. Helikon Investments Ltd boosted its holdings 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 worth $39,365,000 after purchasing an additional 213,392 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Intercorp Financial Services by 14.1% during the 2nd quarter. Acadian Asset Management LLC now owns 986,309 shares of the company's stock worth $37,566,000 after purchasing an additional 122,219 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Intercorp Financial Services by 108.1% during the 2nd quarter. Marshall Wace LLP now owns 519,319 shares of the company's stock worth $19,802,000 after purchasing an additional 269,712 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Intercorp Financial Services by 91.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 502,912 shares of the company's stock worth $19,176,000 after purchasing an additional 239,920 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Intercorp Financial Services by 31.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 481,729 shares of the company's stock worth $18,368,000 after purchasing an additional 114,443 shares during the last quarter.

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.

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