Peru Ltd Intercorp Acquires 437,369 Shares of Intercorp Financial Services Inc. (NYSE:IFS) Stock

Intercorp Financial Services Inc. (NYSE:IFS) major shareholder Peru Ltd Intercorp bought 437,369 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average price of $19.60 per share, for a total transaction of $8,572,432.40. Following the acquisition, the insider now directly owns 1,253,535 shares of the company’s stock, valued at approximately $24,569,286. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Intercorp Financial Services Stock Performance

NYSE:IFS opened at $23.91 on Thursday. Intercorp Financial Services Inc. has a 12-month low of $17.94 and a 12-month high of $30.59. The stock’s 50 day moving average price is $26.03 and its two-hundred day moving average price is $22.55.

Intercorp Financial Services (NYSE:IFS) last posted its earnings results on Monday, February 12th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.26 by $0.40. Intercorp Financial Services had a return on equity of 11.20% and a net margin of 17.52%. The company had revenue of $426.13 million for the quarter, compared to the consensus estimate of $430.96 million. Equities analysts predict that Intercorp Financial Services Inc. will post 3.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their price objective on Intercorp Financial Services from $29.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 9th.

Hedge Funds Weigh In On Intercorp Financial Services

Several institutional investors and hedge funds have recently made changes to their positions in IFS. Bank of New York Mellon Corp acquired a new position in shares of Intercorp Financial Services in the first quarter valued at approximately $225,000. American Century Companies Inc. grew its position in Intercorp Financial Services by 42.1% during the first quarter. American Century Companies Inc. now owns 24,371 shares of the company’s stock worth $842,000 after buying an additional 7,216 shares in the last quarter. BlackRock Inc. grew its position in Intercorp Financial Services by 6.5% during the first quarter. BlackRock Inc. now owns 806,575 shares of the company’s stock worth $27,867,000 after buying an additional 49,574 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in Intercorp Financial Services during the first quarter worth approximately $609,000. Finally, Prudential Financial Inc. acquired a new stake in Intercorp Financial Services during the first quarter worth approximately $487,000.

About Intercorp Financial Services

Intercorp Financial Services Inc provides 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.