Intercorp Financial Services (NYSE:IFS) Hits New 1-Year High – Should You Buy?

Intercorp Financial Services Inc. (NYSE:IFS)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $36.90 and last traded at $36.08, with a volume of 66402 shares trading hands. The stock had previously closed at $36.68.

Intercorp Financial Services Price Performance

The business has a fifty day moving average of $33.25 and a 200 day moving average of $31.18. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 0.32 and a beta of 1.17.

Intercorp Financial Services (NYSE:IFS) last announced its quarterly earnings results on Thursday, May 8th. The company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.17. Intercorp Financial Services had a return on equity of 12.38% and a net margin of 21.03%. The company had revenue of $382.57 million during the quarter, compared to the consensus estimate of $1.35 billion. On average, equities research analysts expect that Intercorp Financial Services Inc. will post 4.23 EPS for the current year.

Intercorp Financial Services Announces Dividend

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

Insider Transactions at Intercorp Financial Services

In other news, major shareholder Peru Ltd Intercorp acquired 320,237 shares of the business’s stock in a transaction on Wednesday, April 23rd. The shares were purchased at an average price of $19.59 per share, for a total transaction of $6,273,442.83. Following the acquisition, the insider now directly owns 2,909,571 shares of the company’s stock, valued at $56,998,495.89. This represents a 12.37% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Hedge Funds Weigh In On Intercorp Financial Services

Several hedge funds and other institutional investors have recently modified their holdings of IFS. Acadian Asset Management LLC grew its holdings in Intercorp Financial Services by 93.9% during the first quarter. Acadian Asset Management LLC now owns 864,090 shares of the company’s stock worth $28,593,000 after acquiring an additional 418,351 shares during the period. Jane Street Group LLC purchased a new stake in shares of Intercorp Financial Services during the first quarter worth $287,000. Goldman Sachs Group Inc. increased its holdings in Intercorp Financial Services by 332.5% in the first quarter. Goldman Sachs Group Inc. now owns 63,962 shares of the company’s stock worth $2,119,000 after buying an additional 49,173 shares during the last quarter. Ariel Investments LLC raised its holdings in shares of Intercorp Financial Services by 103.6% during the 1st quarter. Ariel Investments LLC now owns 18,521 shares of the company’s stock valued at $614,000 after purchasing an additional 9,426 shares in the last quarter. Finally, PDT Partners LLC raised its holdings in Intercorp Financial Services by 114.6% during the first quarter. PDT Partners LLC now owns 52,608 shares of the company’s stock valued at $1,743,000 after buying an additional 28,097 shares in the last quarter.

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.