Intercorp Financial Services (NYSE:IFS) Trading Up 4.2% - Still a Buy?

Shares of Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report) were up 4.2% during mid-day trading on Monday . The company traded as high as $33.57 and last traded at $33.49. Approximately 33,733 shares were traded during trading, a decline of 82% from the average daily volume of 188,858 shares. The stock had previously closed at $32.13.

Intercorp Financial Services Price Performance

The firm has a 50 day moving average of $32.19 and a 200-day moving average of $30.11. The stock has a market capitalization of $3.85 billion, a P/E ratio of 11.15, a price-to-earnings-growth ratio of 0.32 and a beta of 1.18.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.13 EPS for the quarter, beating 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%. As a group, equities analysts expect that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current year.

Intercorp Financial Services Announces Dividend

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

Insider Transactions at Intercorp Financial Services

In related news, major shareholder Peru Ltd Intercorp acquired 77,988 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was purchased at an average price of $19.58 per share, for a total transaction of $1,527,005.04. Following the transaction, the insider now directly owns 2,589,334 shares of the company's stock, valued at approximately $50,699,159.72. This trade represents a 3.11 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Institutional Investors Weigh In On Intercorp Financial Services

Several hedge funds and other institutional investors have recently made changes to their positions in IFS. Millennium Management LLC increased its position in Intercorp Financial Services by 2,109.3% in the fourth 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. grew its position in shares of Intercorp Financial Services by 4.0% during the 1st 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 period. Sagil Capital LLP bought a new stake in shares of Intercorp Financial Services during the fourth quarter worth approximately $9,064,000. Lord Abbett & CO. LLC lifted its holdings in Intercorp Financial Services by 39.2% in the fourth quarter. Lord Abbett & CO. LLC now owns 280,131 shares of the company's stock valued at $8,219,000 after buying an additional 78,822 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake 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 last quarter.

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.