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

Lord Abbett & CO. LLC lifted its holdings in Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 39.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 280,131 shares of the company's stock after purchasing an additional 78,822 shares during the period. Lord Abbett & CO. LLC owned about 0.24% of Intercorp Financial Services worth $8,219,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd purchased a new position in shares of Intercorp Financial Services during the 4th quarter worth $42,000. Employees Retirement System of Texas purchased a new position in Intercorp Financial Services during the fourth quarter valued at $1,549,000. Sei Investments Co. bought a new stake in Intercorp Financial Services during the fourth quarter valued at about $212,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Intercorp Financial Services in the fourth quarter worth about $238,000. Finally, Quantbot Technologies LP lifted its position 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 valued at $320,000 after buying an additional 8,287 shares in the last quarter.

Intercorp Financial Services Trading Up 1.9 %

NYSE IFS traded up $0.63 on Friday, reaching $34.39. 98,577 shares of the stock were exchanged, compared to its average volume of 134,943. The firm has a market capitalization of $3.94 billion, a PE ratio of 11.39, a PEG ratio of 0.32 and a beta of 1.18. Intercorp Financial Services Inc. has a one year low of $21.40 and a one year high of $34.60. The company's 50-day simple moving average is $32.23 and its two-hundred day simple moving average is $30.16.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.13 earnings per share (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%. Sell-side analysts forecast that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current fiscal year.

Intercorp Financial Services Dividend Announcement

The business 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 dividend of $1.00 per share. This represents a yield of 3%. The ex-dividend date of this dividend is Wednesday, April 23rd. Intercorp Financial Services's dividend payout ratio (DPR) is currently 31.46%.

Insider Activity

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp acquired 320,237 shares of the stock in a transaction on Wednesday, April 23rd. The stock was acquired at an average price of $19.59 per share, for a total transaction of $6,273,442.83. Following the completion of the transaction, the insider now directly owns 2,909,571 shares of the company's stock, 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 Securities & Exchange Commission, which is available through this hyperlink.

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.