Intercorp Financial Services Inc. (NYSE:IFS) Shares Bought by Citigroup Inc.

Citigroup Inc. increased its holdings in Intercorp Financial Services Inc. (NYSE:IFS) by 466.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 213,392 shares of the company’s stock after acquiring an additional 175,734 shares during the quarter. Citigroup Inc.’s holdings in Intercorp Financial Services were worth $5,591,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IFS. Helikon Investments Ltd grew its holdings in Intercorp Financial Services by 24.8% during the 3rd quarter. Helikon Investments Ltd now owns 974,819 shares of the company’s stock worth $25,472,000 after acquiring an additional 193,474 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Intercorp Financial Services during the 2nd quarter worth $387,000. Acadian Asset Management LLC lifted its stake 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 valued at $490,000 after buying an additional 6,807 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Intercorp Financial Services in the 1st quarter worth about $31,000. Finally, Marshall Wace LLP lifted its position in Intercorp Financial Services by 544.1% in the 2nd quarter. Marshall Wace LLP now owns 84,377 shares of the company’s stock valued at $1,891,000 after purchasing an additional 71,277 shares during the last quarter.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut their target price on 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.

Intercorp Financial Services Trading Down 1.0 %

Intercorp Financial Services stock opened at $27.75 on Monday. Intercorp Financial Services Inc. has a 1 year low of $18.60 and a 1 year high of $30.59. The firm’s 50 day moving average price is $27.18 and its two-hundred day moving average price is $24.59. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 0.39 and a beta of 1.31. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.12 and a current ratio of 1.12.

Insider Activity

In other news, major shareholder Peru Ltd Intercorp purchased 247,311 shares of the 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 purchase, the insider now owns 1,842,999 shares in the company, valued at $36,214,930.35. This represents a 15.50 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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.