PDT Partners LLC Acquires 15,440 Shares of Intercorp Financial Services Inc. (NYSE:IFS)

PDT Partners LLC lifted its position in Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 170.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,511 shares of the company's stock after buying an additional 15,440 shares during the period. PDT Partners LLC's holdings in Intercorp Financial Services were worth $719,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Northern Trust Corp lifted its position in shares of Intercorp Financial Services by 103.5% during the 4th quarter. Northern Trust Corp now owns 61,206 shares of the company's stock valued at $1,796,000 after buying an additional 31,136 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in Intercorp Financial Services by 39.2% during the fourth quarter. Lord Abbett & CO. LLC now owns 280,131 shares of the company's stock worth $8,219,000 after buying an additional 78,822 shares in the last quarter. Mirabella Financial Services LLP grew its holdings in Intercorp Financial Services by 614.1% in the 4th quarter. Mirabella Financial Services LLP now owns 127,797 shares of the company's stock valued at $3,750,000 after buying an additional 109,900 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Intercorp Financial Services by 115.3% during the 4th quarter. Marshall Wace LLP now owns 172,118 shares of the company's stock valued at $5,050,000 after acquiring an additional 92,188 shares during the last quarter. Finally, Jump Financial LLC grew its holdings in shares of Intercorp Financial Services by 42.8% in the fourth quarter. Jump Financial LLC now owns 18,091 shares of the company's stock valued at $531,000 after purchasing an additional 5,423 shares during the period.

Insider Buying and Selling

In related news, major shareholder Peru Ltd Intercorp purchased 320,237 shares of the firm's stock in a transaction on Wednesday, April 23rd. The shares were bought at an average price of $19.59 per share, for a total transaction of $6,273,442.83. Following the acquisition, the insider now directly owns 2,909,571 shares in the company, valued at $56,998,495.89. This trade represents a 12.37 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Intercorp Financial Services Price Performance

Shares of IFS stock traded up $0.27 during trading on Wednesday, hitting $34.91. 33,468 shares of the stock traded hands, compared to its average volume of 135,518. The firm's fifty day moving average price is $32.39 and its 200-day moving average price is $30.33. The firm has a market capitalization of $3.99 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. Intercorp Financial Services Inc. has a 52-week low of $21.40 and a 52-week high of $35.32.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last released 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%. As a group, equities research analysts expect that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current year.

Intercorp Financial Services Announces Dividend

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