Mirabella Financial Services LLP Makes New Investment in Intercorp Financial Services Inc. (NYSE:IFS)

Mirabella Financial Services LLP purchased a new position in Intercorp Financial Services Inc. (NYSE:IFS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 17,897 shares of the company’s stock, valued at approximately $468,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. acquired a new stake in shares of Intercorp Financial Services during the 1st quarter worth approximately $31,000. Semanteon Capital Management LP acquired a new stake in Intercorp Financial Services in the third quarter worth $222,000. Cubist Systematic Strategies LLC bought a new stake in Intercorp Financial Services in the second quarter valued at $387,000. Virtu Financial LLC acquired a new position in shares of Intercorp Financial Services during the first quarter valued at $458,000. Finally, Acadian Asset Management LLC grew its position in shares of Intercorp Financial Services by 44.9% during the second quarter. Acadian Asset Management LLC now owns 21,952 shares of the company’s stock worth $490,000 after acquiring an additional 6,807 shares during the last quarter.

Insider Buying and Selling at Intercorp Financial Services

In related news, major shareholder Peru Ltd Intercorp acquired 247,311 shares of Intercorp Financial Services stock in a transaction that occurred on Friday, September 27th. The stock was acquired at an average price of $19.65 per share, with a total value of $4,859,661.15. Following the completion of the acquisition, the insider now directly owns 1,842,999 shares of the company’s stock, valued at $36,214,930.35. This trade represents a 15.50 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. cut 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 research report on Thursday, September 12th.

Intercorp Financial Services Price Performance

Shares of NYSE IFS opened at $28.23 on Tuesday. Intercorp Financial Services Inc. has a 12-month low of $18.60 and a 12-month high of $30.59. The stock has a 50 day simple moving average of $26.92 and a 200-day simple moving average of $24.45. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.56.

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.