Intercorp Financial Services (NYSE:IFS) Sets New 1-Year High - What's Next?

Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $36.35 and last traded at $36.13, with a volume of 2203 shares changing hands. The stock had previously closed at $36.09.

Intercorp Financial Services Price Performance

The business has a 50 day simple moving average of $33.20 and a 200 day simple moving average of $31.11. The stock has a market cap of $4.19 billion, a PE ratio of 12.13, a P/E/G ratio of 0.32 and a beta of 1.17.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $1.06 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $382.57 million for the quarter, compared to the consensus estimate of $1.35 billion. As a group, sell-side analysts forecast that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current fiscal year.

Intercorp Financial Services Dividend Announcement

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

Insider Buying and Selling

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp acquired 77,988 shares of the company's stock in a transaction dated Monday, March 24th. The stock was bought at an average price of $19.58 per share, for a total transaction of $1,527,005.04. Following the purchase, the insider now owns 2,589,334 shares in the company, valued at $50,699,159.72. This represents a 3.11% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Institutional Trading of Intercorp Financial Services

Institutional investors have recently bought and sold shares of the stock. R Squared Ltd acquired a new stake in shares of Intercorp Financial Services in the 4th quarter valued at $42,000. Principal Financial Group Inc. lifted its holdings in Intercorp Financial Services by 64.9% during 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 last quarter. New York State Common Retirement Fund acquired a new position in Intercorp Financial Services in the fourth quarter valued at about $716,000. Los Angeles Capital Management LLC acquired a new position in Intercorp Financial Services in the fourth quarter valued at about $1,246,000. Finally, Nipun Capital L.P. bought a new stake in Intercorp Financial Services during the fourth quarter worth about $337,000.

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.