Marshall Wace LLP Grows Stock Position in Intercorp Financial Services Inc. (NYSE:IFS)

Marshall Wace LLP raised its position in shares of Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 115.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 172,118 shares of the company's stock after purchasing an additional 92,188 shares during the period. Marshall Wace LLP owned about 0.15% of Intercorp Financial Services worth $5,050,000 as of its most recent filing with the Securities & Exchange Commission.

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

Intercorp Financial Services Price Performance

NYSE IFS traded down $0.06 during midday trading on Wednesday, hitting $33.92. 97,392 shares of the company traded hands, compared to its average volume of 134,932. Intercorp Financial Services Inc. has a 52 week low of $21.33 and a 52 week high of $34.60. The company's 50-day simple moving average is $32.19 and its 200-day simple moving average is $30.11. The company has a market cap of $3.88 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 0.32 and a beta of 1.18.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.13 earnings per share for the quarter, beating 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%. On average, research analysts predict 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 disclosed an annual dividend, which will be paid on Monday, May 5th. Stockholders of record on Thursday, April 24th will be given a $1.00 dividend. This represents a dividend yield of 3%. The ex-dividend date is Wednesday, April 23rd. Intercorp Financial Services's payout ratio is currently 31.46%.

Insider Buying and Selling

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp bought 320,237 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The shares were purchased at an average cost of $19.59 per share, for a total transaction of $6,273,442.83. Following the purchase, the insider now directly owns 2,909,571 shares in the company, valued at $56,998,495.89. This represents a 12.37 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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.