Intercorp Financial Services (NYSE:IFS) Stock Price Up 6.6% Following Earnings Beat

Intercorp Financial Services Inc. (NYSE:IFS) was up 6.6% on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $32.80 and last traded at $33.12. Approximately 99,229 shares were traded during trading, a decline of 38% from the average daily volume of 160,315 shares. The stock had previously closed at $31.06.

The company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.19. Intercorp Financial Services had a net margin of 18.00% and a return on equity of 10.67%.

Insiders Place Their Bets

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp bought 574,071 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were acquired at an average cost of $19.79 per share, for a total transaction of $11,360,865.09. Following the transaction, the insider now owns 2,470,230 shares in the company, valued at approximately $48,885,851.70. The trade was a 30.28 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Institutional Trading of Intercorp Financial Services

Institutional investors have recently made changes to their positions in the business. R Squared Ltd acquired a new stake in shares of Intercorp Financial Services during the 4th quarter valued at about $42,000. Semanteon Capital Management LP acquired a new stake in shares of Intercorp Financial Services during the 3rd quarter valued at about $222,000. PDT Partners LLC acquired a new stake in shares of Intercorp Financial Services during the 3rd quarter valued at about $237,000. XTX Topco Ltd acquired a new stake in shares of Intercorp Financial Services during the 3rd quarter valued at about $288,000. Finally, Cubist Systematic Strategies LLC bought a new position in Intercorp Financial Services during the 2nd quarter valued at about $387,000.

Intercorp Financial Services Trading Up 4.5 %

The stock has a market capitalization of $3.71 billion, a P/E ratio of 12.72, a P/E/G ratio of 0.27 and a beta of 1.26. The firm’s fifty day moving average is $29.14 and its 200-day moving average is $26.74.

Intercorp Financial Services Company Profile

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.