Jane Street Group LLC Buys Shares of 17,101 Intercorp Financial Services Inc. (NYSE:IFS)

Jane Street Group LLC bought a new position in shares of Intercorp Financial Services Inc. (NYSE:IFS) in the third quarter, Holdings Channel.com reports. The fund bought 17,101 shares of the company’s stock, valued at approximately $447,000.

Several other hedge funds and other institutional investors have also bought and sold shares of IFS. State Street Corp raised its stake in Intercorp Financial Services by 13.3% during the 3rd quarter. State Street Corp now owns 143,413 shares of the company’s stock worth $3,747,000 after buying an additional 16,793 shares during the period. PDT Partners LLC acquired a new position in Intercorp Financial Services during the 3rd quarter valued at about $237,000. Mirabella Financial Services LLP bought a new stake in Intercorp Financial Services during the 3rd quarter worth approximately $468,000. Citigroup Inc. lifted its holdings in shares of Intercorp Financial Services by 466.7% in the third quarter. Citigroup Inc. now owns 213,392 shares of the company’s stock valued at $5,591,000 after purchasing an additional 175,734 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Intercorp Financial Services by 351.5% during the third quarter. Principal Financial Group Inc. now owns 231,269 shares of the company’s stock valued at $6,043,000 after buying an additional 180,043 shares during the last quarter.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Intercorp Financial Services

In related news, major shareholder Peru Ltd Intercorp acquired 574,071 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The shares were acquired at an average price of $19.79 per share, with a total value of $11,360,865.09. Following the acquisition, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Intercorp Financial Services Stock Performance

Shares of Intercorp Financial Services stock opened at $29.28 on Tuesday. The firm has a market capitalization of $3.38 billion, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 0.41 and a beta of 1.26. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.56. The business’s fifty day simple moving average is $28.41 and its 200 day simple moving average is $25.75. Intercorp Financial Services Inc. has a 12 month low of $20.56 and a 12 month high of $30.59.

Intercorp Financial Services 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.