JPMorgan Chase & Co. Has $8.11 Million Stake in Intercorp Financial Services Inc. (NYSE:IFS)

JPMorgan Chase & Co. cut its stake in Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 276,275 shares of the company's stock after selling 12,020 shares during the period. JPMorgan Chase & Co. owned 0.24% of Intercorp Financial Services worth $8,106,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in shares of Intercorp Financial Services by 2.4% in the 3rd 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 acquired a new stake in Intercorp Financial Services during the fourth quarter worth approximately $42,000. Sei Investments Co. bought a new stake in Intercorp Financial Services in the fourth quarter worth approximately $212,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Intercorp Financial Services in the fourth quarter valued at approximately $238,000. Finally, Quantbot Technologies LP boosted its holdings in shares of Intercorp Financial Services by 314.4% during the 4th quarter. Quantbot Technologies LP now owns 10,923 shares of the company's stock worth $320,000 after buying an additional 8,287 shares in the last quarter.

Intercorp Financial Services Price Performance

Shares of NYSE:IFS traded up $0.35 during mid-day trading on Friday, hitting $31.54. The company had a trading volume of 74,575 shares, compared to its average volume of 132,550. Intercorp Financial Services Inc. has a one year low of $21.09 and a one year high of $34.60. The firm has a fifty day moving average price of $32.20 and a 200 day moving average price of $29.84. The company has a market capitalization of $3.61 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 0.32 and a beta of 1.18.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last posted 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 net margin of 21.03% and a return on equity of 12.38%. Research analysts expect that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current fiscal year.

Intercorp Financial Services Announces Dividend

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

Intercorp Financial Services 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.