Intercorp Financial Services Inc. (NYSE:IFS) Major Shareholder Purchases $11,360,865.09 in Stock

Intercorp Financial Services Inc. (NYSE:IFS) major shareholder Peru Ltd Intercorp bought 574,071 shares of the stock in a transaction dated Thursday, December 26th. The shares were purchased at an average cost of $19.79 per share, for a total transaction of $11,360,865.09. Following the completion of the purchase, the insider now owns 2,470,230 shares in the company, valued at approximately $48,885,851.70. This represents a 30.28 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, December 2nd, Peru Ltd Intercorp purchased 13,445 shares of Intercorp Financial Services stock. The stock was acquired at an average cost of $19.71 per share, with a total value of $265,000.95.

Intercorp Financial Services Price Performance

Shares of NYSE IFS opened at $29.08 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a fifty day moving average of $28.15 and a 200 day moving average of $25.47. The firm has a market cap of $3.36 billion, a PE ratio of 11.40, a PEG ratio of 0.41 and a beta of 1.29. Intercorp Financial Services Inc. has a one year low of $20.56 and a one year high of $30.59.

Wall Street Analyst Weigh In

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

Institutional Trading of Intercorp Financial Services

A number of institutional investors and hedge funds have recently modified their holdings of IFS. Geode Capital Management LLC lifted its stake in Intercorp Financial Services by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 16,799 shares of the company’s stock valued at $439,000 after buying an additional 401 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Intercorp Financial Services by 44.9% in the second quarter. Acadian Asset Management LLC now owns 21,952 shares of the company’s stock valued at $490,000 after acquiring an additional 6,807 shares in the last quarter. Semanteon Capital Management LP acquired a new stake in shares of Intercorp Financial Services in the third quarter worth approximately $222,000. PDT Partners LLC purchased a new stake in shares of Intercorp Financial Services during the third quarter worth approximately $237,000. Finally, XTX Topco Ltd acquired a new position in Intercorp Financial Services in the 3rd quarter valued at $288,000.

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.