Cubist Systematic Strategies LLC Increases Stock Position in Intercorp Financial Services Inc. $IFS

Cubist Systematic Strategies LLC raised its holdings in Intercorp Financial Services Inc. (NYSE:IFS) by 294.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 135,143 shares of the company’s stock after purchasing an additional 100,907 shares during the period. Cubist Systematic Strategies LLC owned 0.12% of Intercorp Financial Services worth $4,477,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Driehaus Capital Management LLC lifted its holdings in shares of Intercorp Financial Services by 90.4% in the first quarter. Driehaus Capital Management LLC now owns 318,065 shares of the company’s stock valued at $10,537,000 after purchasing an additional 151,027 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Intercorp Financial Services in the first quarter valued at about $1,435,000. Walleye Capital LLC purchased a new stake in shares of Intercorp Financial Services in the first quarter valued at about $706,000. Jump Financial LLC lifted its holdings in shares of Intercorp Financial Services by 64.7% in the first quarter. Jump Financial LLC now owns 29,789 shares of the company’s stock valued at $987,000 after purchasing an additional 11,698 shares in the last quarter. Finally, Quantbot Technologies LP lifted its holdings in shares of Intercorp Financial Services by 50.2% in the first quarter. Quantbot Technologies LP now owns 16,404 shares of the company’s stock valued at $543,000 after purchasing an additional 5,481 shares in the last quarter.

Insider Buying and Selling at Intercorp Financial Services

In other news, major shareholder Peru Ltd Intercorp acquired 17,803 shares of the business’s stock in a transaction dated Tuesday, July 22nd. The stock was acquired at an average price of $19.66 per share, with a total value of $350,006.98. Following the completion of the transaction, the insider directly owned 2,946,766 shares in the company, valued at approximately $57,933,419.56. This represents a 0.61% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Intercorp Financial Services Stock Performance

NYSE:IFS opened at $40.70 on Friday. The firm has a 50 day simple moving average of $37.82 and a 200-day simple moving average of $35.08. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market cap of $4.66 billion, a PE ratio of 9.04, a P/E/G ratio of 0.37 and a beta of 1.16. Intercorp Financial Services Inc. has a 1-year low of $23.95 and a 1-year high of $41.52.

Wall Street Analysts Forecast Growth

IFS has been the topic of several recent research reports. Wall Street Zen raised shares of Intercorp Financial Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 16th. Zacks Research raised shares of Intercorp Financial Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, Intercorp Financial Services presently has an average rating of “Strong Buy” and a consensus price target of $30.00.

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.