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

Intercorp Financial Services Inc. (NYSE:IFS) major shareholder Peru Ltd Intercorp bought 574,071 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were acquired at an average price of $19.79 per share, with a total value of $11,360,865.09. Following the acquisition, the insider now owns 2,470,230 shares of the company’s stock, valued at $48,885,851.70. This represents 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 accessible through this link. Large shareholders that own 10% or more 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 acquired 13,445 shares of Intercorp Financial Services stock. The shares were bought at an average cost of $19.71 per share, for a total transaction of $265,000.95.

Intercorp Financial Services Stock Down 0.3 %

Shares of NYSE:IFS traded down $0.09 during trading on Friday, hitting $29.08. The stock had a trading volume of 49,712 shares, compared to its average volume of 112,510. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.56. Intercorp Financial Services Inc. has a 12 month low of $20.56 and a 12 month high of $30.59. The company has a market capitalization of $3.36 billion, a PE ratio of 11.40, a PEG ratio of 0.41 and a beta of 1.29. The firm’s fifty day moving average is $28.12 and its 200 day moving average is $25.38.

Institutional Trading of Intercorp Financial Services

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC grew its holdings in Intercorp Financial Services by 44.9% in the second quarter. Acadian Asset Management LLC now owns 21,952 shares of the company’s stock worth $490,000 after purchasing an additional 6,807 shares during the period. Marshall Wace LLP lifted its stake in shares of Intercorp Financial Services by 544.1% in the second quarter. Marshall Wace LLP now owns 84,377 shares of the company’s stock worth $1,891,000 after buying an additional 71,277 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Intercorp Financial Services during the second quarter valued at approximately $387,000. Semanteon Capital Management LP bought a new stake in shares of Intercorp Financial Services during the third quarter valued at approximately $222,000. Finally, Helikon Investments Ltd lifted its position in Intercorp Financial Services by 24.8% in the 3rd quarter. Helikon Investments Ltd now owns 974,819 shares of the company’s stock valued at $25,472,000 after acquiring an additional 193,474 shares in the last quarter.

Analysts Set New Price Targets

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

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.