Insider Buying: Intercorp Financial Services Inc. (NYSE:IFS) Major Shareholder Buys 17,803 Shares of Stock

Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report) major shareholder Peru Ltd Intercorp acquired 17,803 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The stock was bought at an average cost of $19.66 per share, for a total transaction of $350,006.98. Following the completion of the purchase, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company's shares 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 purchased 12,729 shares of Intercorp Financial Services stock. The stock was acquired at an average cost of $19.64 per share, for a total transaction of $249,997.56.

Intercorp Financial Services Stock Down 1.3%

Shares of NYSE IFS traded down $0.49 during midday trading on Friday, hitting $36.36. 181,895 shares of the stock traded hands, compared to its average volume of 208,169. The company has a market cap of $4.16 billion, a PE ratio of 9.70, a P/E/G ratio of 0.35 and a beta of 1.16. Intercorp Financial Services Inc. has a one year low of $21.40 and a one year high of $38.65. The business has a 50 day moving average price of $36.41 and a two-hundred day moving average price of $33.44. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.12 and a current ratio of 1.12.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.89 by $0.17. The firm had revenue of $382.57 million during the quarter, compared to the consensus estimate of $1.35 billion. Intercorp Financial Services had a return on equity of 15.04% and a net margin of 24.51%. On average, equities 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 modified their holdings of IFS. Principal Financial Group Inc. grew its holdings in Intercorp Financial Services by 4.0% during the first quarter. Principal Financial Group Inc. now owns 396,356 shares of the company's stock worth $13,131,000 after buying an additional 15,087 shares in the last quarter. Bank of America Corp DE grew its holdings in Intercorp Financial Services by 141.4% during the fourth quarter. Bank of America Corp DE now owns 28,875 shares of the company's stock worth $847,000 after buying an additional 16,916 shares in the last quarter. Northern Trust Corp grew its holdings in Intercorp Financial Services by 103.5% during the fourth quarter. Northern Trust Corp now owns 61,206 shares of the company's stock worth $1,796,000 after buying an additional 31,136 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Intercorp Financial Services during the fourth quarter worth $1,382,000. Finally, Squarepoint Ops LLC bought a new stake in Intercorp Financial Services during the fourth quarter worth $672,000.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Intercorp Financial Services from a "strong-buy" rating to a "buy" rating in a research note 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.