Marshall Wace LLP Acquires 92,188 Shares of Intercorp Financial Services Inc. (NYSE:IFS)

Marshall Wace LLP lifted its position in Intercorp Financial Services Inc. (NYSE:IFS) by 115.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 172,118 shares of the company’s stock after purchasing an additional 92,188 shares during the quarter. Marshall Wace LLP owned about 0.15% of Intercorp Financial Services worth $5,050,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. R Squared Ltd purchased a new position in shares of Intercorp Financial Services during the fourth quarter valued at approximately $42,000. Employees Retirement System of Texas purchased a new position in Intercorp Financial Services in the fourth quarter valued at about $1,549,000. Sei Investments Co. bought a new position in shares of Intercorp Financial Services during the 4th quarter worth approximately $212,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Intercorp Financial Services in the fourth quarter worth $238,000. Finally, Quantbot Technologies LP increased its position in shares of Intercorp Financial Services by 314.4% during the fourth quarter. Quantbot Technologies LP now owns 10,923 shares of the company’s stock worth $320,000 after purchasing an additional 8,287 shares in the last quarter.

Insider Transactions at Intercorp Financial Services

In other news, major shareholder Peru Ltd Intercorp acquired 320,237 shares of Intercorp Financial Services stock in a transaction that occurred on Wednesday, April 23rd. The stock was purchased at an average cost of $19.59 per share, with a total value of $6,273,442.83. Following the purchase, the insider now owns 2,909,571 shares in the company, valued at $56,998,495.89. This trade represents a 12.37 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Intercorp Financial Services Stock Down 0.8 %

IFS opened at $31.96 on Friday. The company has a market cap of $3.66 billion, a P/E ratio of 10.58, a price-to-earnings-growth ratio of 0.32 and a beta of 1.18. The firm’s 50-day moving average price is $32.09 and its 200-day moving average price is $29.94. Intercorp Financial Services Inc. has a 52-week low of $21.27 and a 52-week high of $34.60.

Intercorp Financial Services (NYSE:IFS) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.19. Intercorp Financial Services had a return on equity of 12.38% and a net margin of 21.03%. On average, research 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 will be paid on Monday, May 5th. Investors of record on Thursday, April 24th will be paid a $1.00 dividend. This represents a dividend yield of 3%. The ex-dividend date is Wednesday, April 23rd. Intercorp Financial Services’s dividend payout ratio is currently 31.46%.

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.