Intercorp Financial Services Inc. (NYSE:IFS) Major Shareholder Acquires $350,006.98 in Stock

Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report) major shareholder Peru Ltd Intercorp acquired 17,803 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The shares were bought at an average price of $19.66 per share, for a total transaction of $350,006.98. Following the completion of the acquisition, the insider owned 2,946,766 shares of the company's stock, valued at $57,933,419.56. This trade represents a 0.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

Peru Ltd Intercorp also recently made the following trade(s):

• On Tuesday, June 24th, Peru Ltd Intercorp acquired 12,729 shares of Intercorp Financial Services stock. The shares were bought at an average price of $19.64 per share, for a total transaction of $249,997.56.

Intercorp Financial Services Stock Down 1.3%

IFS stock traded down $0.49 during midday trading on Friday, hitting $36.36. The company's stock had a trading volume of 181,895 shares, compared to its average volume of 160,691. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.12 and a quick ratio of 1.12. Intercorp Financial Services Inc. has a twelve month low of $21.40 and a twelve month high of $38.65. The company's fifty day moving average price is $36.42 and its 200 day moving average price is $33.52. The stock has a market capitalization of $4.16 billion, a P/E ratio of 9.70, a PEG ratio of 0.34 and a beta of 1.16.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.17. Intercorp Financial Services had a net margin of 24.51% and a return on equity of 15.04%. The firm had revenue of $382.57 million for the quarter, compared to analyst estimates of $1.35 billion. As a group, equities research analysts predict that Intercorp Financial Services Inc. will post 4.23 EPS for the current year.

Institutional Investors Weigh In On Intercorp Financial Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IFS. Principal Financial Group Inc. grew its position in shares of Intercorp Financial Services by 4.0% in the 1st quarter. Principal Financial Group Inc. now owns 396,356 shares of the company's stock valued at $13,131,000 after acquiring an additional 15,087 shares during the period. Bank of America Corp DE grew its position in shares of Intercorp Financial Services by 141.4% in the 4th quarter. Bank of America Corp DE now owns 28,875 shares of the company's stock valued at $847,000 after acquiring an additional 16,916 shares during the period. Northern Trust Corp grew its position in shares of Intercorp Financial Services by 103.5% in the 4th quarter. Northern Trust Corp now owns 61,206 shares of the company's stock valued at $1,796,000 after acquiring an additional 31,136 shares during the period. Lazard Asset Management LLC bought a new position in shares of Intercorp Financial Services in the 4th quarter valued at about $1,382,000. Finally, Squarepoint Ops LLC bought a new position in shares of Intercorp Financial Services in the 4th quarter valued at about $672,000.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Intercorp Financial Services from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 8th.

About Intercorp Financial Services

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.