Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The company traded as high as $35.20 and last traded at $34.81, with a volume of 27965 shares. The stock had previously closed at $34.47.
Intercorp Financial Services Stock Performance
The company's 50-day moving average price is $32.28 and its two-hundred day moving average price is $30.25. The stock has a market cap of $3.97 billion, a PE ratio of 11.44, a PEG ratio of 0.32 and a beta of 1.17.
Intercorp Financial Services (NYSE:IFS - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.19. Intercorp Financial Services had a net margin of 21.03% and a return on equity of 12.38%. Equities research analysts forecast that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current fiscal year.
Intercorp Financial Services Announces Dividend
The business also recently disclosed an annual dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 24th will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, April 23rd. This represents a yield of 3%. Intercorp Financial Services's dividend payout ratio (DPR) is 31.46%.
Insiders Place Their Bets
In related news, major shareholder Peru Ltd Intercorp acquired 320,237 shares of the business's stock in a transaction on Wednesday, April 23rd. The stock was acquired at an average cost of $19.59 per share, with a total value of $6,273,442.83. Following the acquisition, the insider now directly owns 2,909,571 shares in the company, valued at $56,998,495.89. This represents a 12.37 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of IFS. Geode Capital Management LLC boosted its stake in shares of Intercorp Financial Services by 2.4% during the third quarter. Geode Capital Management LLC now owns 16,799 shares of the company's stock valued at $439,000 after purchasing an additional 401 shares during the period. R Squared Ltd purchased a new position in Intercorp Financial Services in the fourth quarter worth $42,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Intercorp Financial Services by 4.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,700 shares of the company's stock worth $2,602,000 after purchasing an additional 3,500 shares in the last quarter. Pictet Asset Management Holding SA increased its position in Intercorp Financial Services by 13.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 34,500 shares of the company's stock valued at $1,012,000 after buying an additional 4,100 shares in the last quarter. Finally, Employees Retirement System of Texas purchased a new stake in shares of Intercorp Financial Services during the fourth quarter worth about $1,549,000.
Intercorp Financial Services Company Profile
(
Get Free Report)
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.
Further Reading
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