State Street Corp Buys 16,793 Shares of Intercorp Financial Services Inc. (NYSE:IFS)

State Street Corp lifted its stake in shares of Intercorp Financial Services Inc. (NYSE:IFS) by 13.3% during the third quarter, HoldingsChannel reports. The firm owned 143,413 shares of the company’s stock after acquiring an additional 16,793 shares during the quarter. State Street Corp’s holdings in Intercorp Financial Services were worth $3,747,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in IFS. Helikon Investments Ltd increased its stake in shares of 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 purchasing an additional 193,474 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Intercorp Financial Services by 351.5% during 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 during the period. Citigroup Inc. increased its position in Intercorp Financial Services by 466.7% during the third quarter. Citigroup Inc. now owns 213,392 shares of the company’s stock worth $5,591,000 after buying an additional 175,734 shares during the last quarter. Marshall Wace LLP raised its stake in Intercorp Financial Services by 544.1% in the second quarter. Marshall Wace LLP now owns 84,377 shares of the company’s stock valued at $1,891,000 after buying an additional 71,277 shares during the period. Finally, Mirabella Financial Services LLP acquired a new stake in shares of Intercorp Financial Services in the third quarter valued at approximately $468,000.

Insider Transactions at Intercorp Financial Services

In other news, major shareholder Peru Ltd Intercorp purchased 574,071 shares of the company’s 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 transaction, the insider now owns 2,470,230 shares of the company’s stock, valued at approximately $48,885,851.70. This trade represents a 30.28 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut their price target on Intercorp Financial Services from $31.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, September 12th.

Intercorp Financial Services Stock Performance

Shares of NYSE:IFS opened at $29.15 on Tuesday. 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 business’s 50 day simple moving average is $28.15 and its 200 day simple moving average is $25.47. Intercorp Financial Services Inc. has a 1 year low of $20.56 and a 1 year high of $30.59.

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.