Intercorp Financial Services Inc. (NYSE:IFS) Major Shareholder Peru Ltd Intercorp Acquires 574,071 Shares

Intercorp Financial Services Inc. (NYSE:IFS) major shareholder Peru Ltd Intercorp acquired 574,071 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were bought at an average price of $19.79 per share, with a total value of $11,360,865.09. Following the completion of the purchase, the insider now owns 2,470,230 shares in the company, valued at $48,885,851.70. The trade was a 30.28 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Monday, December 2nd, Peru Ltd Intercorp bought 13,445 shares of Intercorp Financial Services stock. The stock was bought at an average price of $19.71 per share, for a total transaction of $265,000.95.

Intercorp Financial Services Stock Performance

IFS opened at $29.08 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $28.15 and its 200-day moving average is $25.42. The stock has a market cap of $3.36 billion, a PE ratio of 11.40, a price-to-earnings-growth ratio of 0.41 and a beta of 1.29. Intercorp Financial Services Inc. has a twelve month low of $20.56 and a twelve month high of $30.59.

Institutional Trading of Intercorp Financial Services

Large investors have recently added to or reduced their stakes in the business. Helikon Investments Ltd grew its stake in shares of Intercorp Financial Services by 24.8% in the third quarter. Helikon Investments Ltd now owns 974,819 shares of the company’s stock worth $25,472,000 after purchasing an additional 193,474 shares in the last quarter. Citigroup Inc. lifted its holdings in Intercorp Financial Services by 466.7% in the third quarter. Citigroup Inc. now owns 213,392 shares of the company’s stock worth $5,591,000 after purchasing an additional 175,734 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Intercorp Financial Services in the second quarter worth about $387,000. Acadian Asset Management LLC grew its position in Intercorp Financial Services by 44.9% in the 2nd quarter. Acadian Asset Management LLC now owns 21,952 shares of the company’s stock valued at $490,000 after buying an additional 6,807 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in Intercorp Financial Services by 544.1% during the 2nd quarter. Marshall Wace LLP now owns 84,377 shares of the company’s stock valued at $1,891,000 after buying an additional 71,277 shares during the period.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their price objective on shares of Intercorp Financial Services from $31.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, September 12th.

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.