Peru Ltd Intercorp Purchases 77,988 Shares of Intercorp Financial Services Inc. (NYSE:IFS) Stock

Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report) major shareholder Peru Ltd Intercorp purchased 77,988 shares of the stock in a transaction dated Monday, March 24th. The shares were acquired at an average price of $19.58 per share, for a total transaction of $1,527,005.04. Following the acquisition, the insider now directly owns 2,589,334 shares of the company's stock, valued at $50,699,159.72. This represents a 3.11 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Wednesday, April 23rd, Peru Ltd Intercorp acquired 320,237 shares of Intercorp Financial Services stock. The shares were acquired at an average price of $19.59 per share, with a total value of $6,273,442.83.

Intercorp Financial Services Price Performance

Shares of IFS opened at $31.96 on Friday. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 0.32 and a beta of 1.18. The business's 50-day moving average is $32.09 and its 200-day moving average is $29.94. Intercorp Financial Services Inc. has a fifty-two week low of $21.27 and a fifty-two week high of $34.60.




Intercorp Financial Services (NYSE:IFS - Get Free Report) last released its 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 net margin of 21.03% and a return on equity of 12.38%. Equities research analysts expect that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current fiscal year.

Intercorp Financial Services Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 24th will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, April 23rd. This represents a yield of 3%. Intercorp Financial Services's payout ratio is 31.46%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of IFS. Millennium Management LLC lifted its holdings in shares of Intercorp Financial Services by 2,109.3% during the 4th quarter. Millennium Management LLC now owns 556,972 shares of the company's stock valued at $16,342,000 after buying an additional 531,762 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Intercorp Financial Services by 64.9% in the fourth quarter. Principal Financial Group Inc. now owns 381,269 shares of the company's stock valued at $11,186,000 after acquiring an additional 150,000 shares during the last quarter. Sagil Capital LLP acquired a new stake in Intercorp Financial Services in the fourth quarter valued at approximately $9,064,000. Lord Abbett & CO. LLC grew its position in Intercorp Financial Services by 39.2% in the fourth quarter. Lord Abbett & CO. LLC now owns 280,131 shares of the company's stock worth $8,219,000 after acquiring an additional 78,822 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Intercorp Financial Services by 20.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 274,868 shares of the company's stock worth $8,065,000 after purchasing an additional 47,295 shares during the last quarter.

Intercorp Financial Services Company Profile

(Get Free Report)

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.

Further Reading

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