Lord Abbett & CO. LLC Purchases 78,822 Shares of Intercorp Financial Services Inc. (NYSE:IFS)

Lord Abbett & CO. LLC increased its position in shares of Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 39.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 280,131 shares of the company's stock after buying an additional 78,822 shares during the period. Lord Abbett & CO. LLC owned 0.24% of Intercorp Financial Services worth $8,219,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IFS. Jane Street Group LLC bought a new stake in shares of Intercorp Financial Services in the 3rd quarter valued at about $447,000. Principal Financial Group Inc. lifted its position in shares of Intercorp Financial Services by 351.5% in the third quarter. Principal Financial Group Inc. now owns 231,269 shares of the company's stock valued at $6,043,000 after buying an additional 180,043 shares during the last quarter. Banco BTG Pactual S.A. bought a new position in shares of Intercorp Financial Services during the 4th quarter worth approximately $1,882,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Intercorp Financial Services by 20.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 274,868 shares of the company's stock worth $8,065,000 after acquiring an additional 47,295 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Intercorp Financial Services by 48.5% in the 4th quarter. American Century Companies Inc. now owns 49,449 shares of the company's stock valued at $1,451,000 after acquiring an additional 16,158 shares during the period.

Insiders Place Their Bets

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp purchased 320,237 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were acquired at an average cost of $19.59 per share, with a total value of $6,273,442.83. Following the completion of the transaction, the insider now owns 2,909,571 shares in the company, valued at $56,998,495.89. The trade was a 12.37 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Intercorp Financial Services Price Performance

IFS stock traded up $0.63 during midday trading on Friday, reaching $34.39. 98,577 shares of the company were exchanged, compared to its average volume of 135,425. Intercorp Financial Services Inc. has a one year low of $21.40 and a one year high of $34.60. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 0.32 and a beta of 1.18. The business has a 50-day moving average price of $32.28 and a two-hundred day moving average price of $30.23.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last announced 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, analysts anticipate 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 disclosed 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. This represents a yield of 3%. The ex-dividend date is Wednesday, April 23rd. Intercorp Financial Services's dividend payout ratio is 31.46%.

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.