Peru Ltd Intercorp Acquires 437,369 Shares of Intercorp Financial Services Inc. (NYSE:IFS) Stock

Intercorp Financial Services Inc. (NYSE:IFS) major shareholder Peru Ltd Intercorp acquired 437,369 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was acquired at an average price of $19.60 per share, for a total transaction of $8,572,432.40. Following the purchase, the insider now directly owns 1,253,535 shares of the company’s stock, valued at $24,569,286. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Intercorp Financial Services Trading Down 7.1 %

NYSE:IFS opened at $23.91 on Thursday. Intercorp Financial Services Inc. has a 1-year low of $17.94 and a 1-year high of $30.59. The company’s fifty day moving average price is $26.03 and its 200-day moving average price is $22.55.

Intercorp Financial Services (NYSE:IFS) last released its quarterly earnings data on Monday, February 12th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.40. The firm had revenue of $426.13 million for the quarter, compared to analyst estimates of $430.96 million. Intercorp Financial Services had a net margin of 17.52% and a return on equity of 11.20%. On average, equities research analysts anticipate that Intercorp Financial Services Inc. will post 3.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut their price objective on shares of Intercorp Financial Services from $29.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 9th.

Institutional Trading of Intercorp Financial Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IFS. Lazard Asset Management LLC acquired a new stake in Intercorp Financial Services during the third quarter valued at $32,000. Qube Research & Technologies Ltd acquired a new stake in Intercorp Financial Services during the third quarter valued at $42,000. Tower Research Capital LLC TRC purchased a new position in Intercorp Financial Services during the third quarter valued at $47,000. Bank of New York Mellon Corp purchased a new position in Intercorp Financial Services during the first quarter valued at $225,000. Finally, Jump Financial LLC purchased a new position in Intercorp Financial Services during the fourth quarter valued at $255,000.

Intercorp Financial Services Company Profile

Intercorp Financial Services Inc provides 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.