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

Intercorp Financial Services Inc. (NYSE:IFSGet Free Report) major shareholder Peru Ltd Intercorp purchased 574,071 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was bought at an average cost of $19.79 per share, for a total transaction of $11,360,865.09. Following the completion of the acquisition, the insider now directly owns 2,470,230 shares in the company, valued at $48,885,851.70. The trade was a 30.28 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

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

Intercorp Financial Services Stock Performance

Shares of IFS opened at $29.08 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.12 and a quick ratio of 1.12. 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 1 year low of $20.56 and a 1 year high of $30.59. The stock’s fifty day moving average price is $28.15 and its two-hundred day moving average price is $25.44.

Institutional Investors Weigh In On Intercorp Financial Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IFS. Principal Financial Group Inc. increased its stake in shares of Intercorp Financial Services by 351.5% in the third quarter. Principal Financial Group Inc. now owns 231,269 shares of the company’s stock worth $6,043,000 after purchasing an additional 180,043 shares in the last quarter. Lord Abbett & CO. LLC boosted its holdings in Intercorp Financial Services by 6.1% in the 3rd quarter. Lord Abbett & CO. LLC now owns 201,309 shares of the company’s stock worth $5,260,000 after buying an additional 11,612 shares during the period. Geode Capital Management LLC grew 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. Public Employees Retirement System of Ohio bought a new stake in Intercorp Financial Services during the 3rd quarter valued at $423,000. Finally, XTX Topco Ltd purchased a new stake in shares of Intercorp Financial Services during the third quarter worth $288,000.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased 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 research note on Thursday, September 12th.

Read Our Latest Stock Analysis on IFS

About Intercorp Financial Services

(Get Free Report)

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.

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