Intercorp Financial Services Inc. (NYSE:IFS – Get 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
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
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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