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

Intercorp Financial Services Inc. (NYSE:IFS) major shareholder Peru Ltd Intercorp purchased 574,071 shares of the stock in a transaction dated Thursday, December 26th. The shares were purchased at an average price of $19.79 per share, for a total transaction of $11,360,865.09. Following the completion of the transaction, the insider now owns 2,470,230 shares in the company, valued at $48,885,851.70. This trade represents a 30.28 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock 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 bought 13,445 shares of Intercorp Financial Services stock. The shares were purchased at an average cost of $19.71 per share, with a total value of $265,000.95.

Intercorp Financial Services Trading Down 0.3 %

Intercorp Financial Services stock opened at $29.08 on Friday. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 11.40, a price-to-earnings-growth ratio of 0.41 and a beta of 1.29. Intercorp Financial Services Inc. has a 1 year low of $20.56 and a 1 year high of $30.59. The firm’s 50 day moving average price is $28.15 and its two-hundred day moving average price is $25.42. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.12 and a current ratio of 1.12.

Hedge Funds Weigh In On Intercorp Financial Services

Hedge funds have recently modified their holdings of the stock. Semanteon Capital Management LP purchased a new stake in shares of Intercorp Financial Services during the third quarter valued at $222,000. PDT Partners LLC acquired a new stake in Intercorp Financial Services during the 3rd quarter worth about $237,000. XTX Topco Ltd purchased a new stake in Intercorp Financial Services during the third quarter valued at about $288,000. Cubist Systematic Strategies LLC acquired a new position in shares of Intercorp Financial Services in the second quarter worth about $387,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Intercorp Financial Services in the third quarter worth approximately $423,000.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. cut their price target on shares of Intercorp Financial Services from $31.00 to $30.00 and set an “overweight” rating for the company in a report 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.