Intercorp Financial Services Inc. (NYSE:IFS) Major Shareholder Buys $249,997.56 in Stock

Intercorp Financial Services Inc. (NYSE:IFS) major shareholder Peru Ltd Intercorp bought 12,729 shares of the stock in a transaction dated Tuesday, June 24th. The stock was bought at an average cost of $19.64 per share, for a total transaction of $249,997.56. Following the acquisition, the insider now directly owns 2,928,964 shares of the company’s stock, valued at approximately $57,524,852.96. This represents a 0.44% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 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 Wednesday, April 23rd, Peru Ltd Intercorp bought 320,237 shares of Intercorp Financial Services stock. The stock was bought at an average cost of $19.59 per share, for a total transaction of $6,273,442.83.

Intercorp Financial Services Price Performance

IFS stock opened at $37.80 on Friday. The company has a market capitalization of $4.33 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 0.36 and a beta of 1.15. The company’s fifty day moving average price is $35.12 and its 200-day moving average price is $32.39. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.12 and a current ratio of 1.12. Intercorp Financial Services Inc. has a one year low of $21.40 and a one year high of $38.30.

Intercorp Financial Services (NYSE:IFS) last released its quarterly earnings results on Thursday, May 8th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.17. The company had revenue of $382.57 million for the quarter, compared to the consensus estimate of $1.35 billion. Intercorp Financial Services had a net margin of 24.51% and a return on equity of 15.04%. On average, equities analysts anticipate that Intercorp Financial Services Inc. will post 4.23 EPS for the current fiscal year.

Intercorp Financial Services Dividend Announcement

The company also recently announced an annual dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 24th were paid a $1.00 dividend. This represents a dividend yield of 3%. The ex-dividend date was Wednesday, April 23rd. Intercorp Financial Services’s dividend payout ratio is currently 25.33%.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Intercorp Financial Services from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 8th.

Institutional Investors Weigh In On Intercorp Financial Services

Several hedge funds and other institutional investors have recently made changes to their positions in IFS. Employees Retirement System of Texas bought a new position in shares of Intercorp Financial Services in the fourth quarter worth about $155,000. FNY Investment Advisers LLC bought a new position in shares of Intercorp Financial Services in the first quarter worth about $182,000. Sei Investments Co. bought a new position in shares of Intercorp Financial Services in the fourth quarter worth about $212,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Intercorp Financial Services in the fourth quarter worth about $238,000. Finally, Ariel Investments LLC bought a new position in shares of Intercorp Financial Services in the fourth quarter worth about $267,000.

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.