Intercorp Financial Services (NYSE:IFS) Major Shareholder Peru Ltd Intercorp Purchases 7,125 Shares

Key Points

• Peru Ltd Intercorp, a major shareholder of Intercorp Financial Services, acquired 7,125 shares at an average cost of $19.65, increasing its stake to 3,100,737 shares worth approximately $60.93 million.
• Intercorp Financial Services has recently experienced analyst rating changes, including a downgrade from Zacks Research from a "strong buy" to a "hold" and an upgrade from Wall Street Zen from "buy" to "strong buy."
• The stock is currently traded at $40.77, with a market cap of $4.67 billion and a price-to-earnings ratio of 9.06, indicating strong performance metrics within the financial sector.

Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report) major shareholder Peru Ltd Intercorp bought 7,125 shares of the firm's stock in a transaction that occurred on Tuesday, October 21st. The shares were acquired at an average cost of $19.65 per share, for a total transaction of $140,006.25. Following the completion of the acquisition, the insider directly owned 3,100,737 shares in the company, valued at $60,929,482.05. The trade was a 0.23% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 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 Wednesday, September 24th, Peru Ltd Intercorp bought 20,113 shares of Intercorp Financial Services stock. The shares were acquired at an average cost of $19.64 per share, for a total transaction of $395,019.32.

Intercorp Financial Services Stock Performance

IFS traded down $0.01 during trading on Wednesday, hitting $40.77. The stock had a trading volume of 89,590 shares, compared to its average volume of 208,632. The company has a 50 day moving average price of $40.23 and a 200-day moving average price of $36.93. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 9.06, a P/E/G ratio of 0.37 and a beta of 1.14. Intercorp Financial Services Inc. has a one year low of $25.77 and a one year high of $42.21. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.12 and a quick ratio of 1.12.

Institutional Trading of Intercorp Financial Services

Institutional investors and hedge funds have recently modified their holdings of the business. Allianz Asset Management GmbH bought a new stake in shares of Intercorp Financial Services during the 2nd quarter worth $283,000. Jane Street Group LLC acquired a new position in Intercorp Financial Services in the 1st quarter worth about $287,000. Mackenzie Financial Corp acquired a new position in Intercorp Financial Services in the 1st quarter worth about $303,000. Sheets Smith Wealth Management acquired a new position in Intercorp Financial Services in the 2nd quarter worth about $411,000. Finally, Maverick Capital Ltd. acquired a new position in Intercorp Financial Services in the 1st quarter worth about $510,000.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Zacks Research downgraded Intercorp Financial Services from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 10th. Weiss Ratings reiterated a "buy (b)" rating on shares of Intercorp Financial Services in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Intercorp Financial Services from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

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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