Intercorp Financial Services (NYSE:IFS) Shares Up 4.2% - Here's Why

Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report)'s stock price shot up 4.2% during trading on Monday . The stock traded as high as $33.57 and last traded at $33.49. 33,733 shares changed hands during trading, a decline of 82% from the average session volume of 188,858 shares. The stock had previously closed at $32.13.

Intercorp Financial Services Stock Up 1.9 %

The company's 50 day moving average price is $32.28 and its 200 day moving average price is $30.23. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 11.39, a P/E/G ratio of 0.32 and a beta of 1.18.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.19. Intercorp Financial Services had a return on equity of 12.38% and a net margin of 21.03%. As a group, analysts expect that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current year.

Intercorp Financial Services Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 24th will be given a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a yield of 3%. Intercorp Financial Services's dividend payout ratio is currently 31.46%.

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 shares were acquired at an average cost of $19.58 per share, with a total value of $1,527,005.04. Following the acquisition, the insider now directly owns 2,589,334 shares of the company's stock, valued at approximately $50,699,159.72. The trade was a 3.11 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Millennium Management LLC grew its position in Intercorp Financial Services by 2,109.3% during the 4th quarter. Millennium Management LLC now owns 556,972 shares of the company's stock worth $16,342,000 after purchasing an additional 531,762 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Intercorp Financial Services by 4.0% in the first quarter. Principal Financial Group Inc. now owns 396,356 shares of the company's stock worth $13,131,000 after buying an additional 15,087 shares during the last quarter. Sagil Capital LLP acquired a new stake in Intercorp Financial Services during the fourth quarter worth about $9,064,000. Lord Abbett & CO. LLC raised its position in Intercorp Financial Services by 39.2% during the fourth quarter. Lord Abbett & CO. LLC now owns 280,131 shares of the company's stock valued at $8,219,000 after acquiring an additional 78,822 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Intercorp Financial Services by 20.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 274,868 shares of the company's stock valued at $8,065,000 after acquiring an additional 47,295 shares during the period.

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.