PDT Partners LLC Has $719,000 Position in Intercorp Financial Services Inc. (NYSE:IFS)

PDT Partners LLC boosted its holdings in shares of Intercorp Financial Services Inc. (NYSE:IFS) by 170.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,511 shares of the company’s stock after buying an additional 15,440 shares during the period. PDT Partners LLC’s holdings in Intercorp Financial Services were worth $719,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Sagil Capital LLP bought a new stake in Intercorp Financial Services during the fourth quarter worth $9,064,000. Principal Financial Group Inc. boosted its holdings in Intercorp Financial Services by 351.5% during the 3rd quarter. Principal Financial Group Inc. now owns 231,269 shares of the company’s stock worth $6,043,000 after acquiring an additional 180,043 shares during the last quarter. Mirabella Financial Services LLP raised its holdings in shares of Intercorp Financial Services by 614.1% in the fourth quarter. Mirabella Financial Services LLP now owns 127,797 shares of the company’s stock valued at $3,750,000 after purchasing an additional 109,900 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Intercorp Financial Services by 115.3% in the fourth quarter. Marshall Wace LLP now owns 172,118 shares of the company’s stock valued at $5,050,000 after purchasing an additional 92,188 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its holdings in Intercorp Financial Services by 39.2% during the fourth quarter. Lord Abbett & CO. LLC now owns 280,131 shares of the company’s stock worth $8,219,000 after purchasing an additional 78,822 shares during the last quarter.

Intercorp Financial Services Stock Performance

NYSE:IFS opened at $33.84 on Friday. Intercorp Financial Services Inc. has a 52 week low of $21.40 and a 52 week high of $34.60. The firm has a 50-day moving average price of $32.23 and a two-hundred day moving average price of $30.16. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 0.32 and a beta of 1.18.

Intercorp Financial Services (NYSE:IFS) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.19. Intercorp Financial Services had a return on equity of 12.38% and a net margin of 21.03%. As a group, sell-side analysts forecast that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current year.

Intercorp Financial Services Announces Dividend

The business also recently declared an annual dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 24th will be issued 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 (DPR) is currently 31.46%.

Insider Activity at Intercorp Financial Services

In other news, major shareholder Peru Ltd Intercorp acquired 320,237 shares of the company’s stock in a transaction that occurred on Wednesday, April 23rd. The shares were acquired at an average price of $19.59 per share, for a total transaction of $6,273,442.83. Following the completion of the purchase, the insider now owns 2,909,571 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink.

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.