Intercorp Financial Services (NYSE:IFS) Reaches New 52-Week High - Here's What Happened

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

Intercorp Financial Services Trading Up 1.6%

The company has a 50 day moving average of $33.20 and a 200 day moving average of $31.05. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17.

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

Intercorp Financial Services Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, April 24th were paid 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 is currently 25.33%.

Insiders Place Their Bets

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp acquired 320,237 shares of Intercorp Financial Services stock in a transaction on Wednesday, April 23rd. The shares were bought at an average price of $19.59 per share, with a total value of $6,273,442.83. Following the completion of the purchase, 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 purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Hedge Funds Weigh In On Intercorp Financial Services

A number of institutional investors and hedge funds have recently bought and sold shares of IFS. Millennium Management LLC lifted its stake in shares of Intercorp Financial Services by 2,109.3% during the fourth quarter. Millennium Management LLC now owns 556,972 shares of the company's stock valued at $16,342,000 after acquiring an additional 531,762 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Intercorp Financial Services by 93.9% during the first quarter. Acadian Asset Management LLC now owns 864,090 shares of the company's stock valued at $28,593,000 after acquiring an additional 418,351 shares during the period. Sagil Capital LLP acquired a new position in shares of Intercorp Financial Services during the fourth quarter valued at $9,064,000. Fourth Sail Capital LP acquired a new position in shares of Intercorp Financial Services during the first quarter valued at $8,543,000. Finally, Helikon Investments Ltd lifted its stake in shares of Intercorp Financial Services by 21.9% during the first quarter. Helikon Investments Ltd now owns 1,188,211 shares of the company's stock valued at $39,365,000 after acquiring an additional 213,392 shares during the period.

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.