Intercorp Financial Services (NYSE:IFS) Director Sells $10,746.00 in Stock

Intercorp Financial Services Inc. (NYSE:IFS) Director Maria Guzman Hugo Antoni Santa sold 225 shares of the business’s stock in a transaction on Thursday, March 26th. The shares were sold at an average price of $47.76, for a total transaction of $10,746.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Intercorp Financial Services Price Performance

Shares of NYSE:IFS opened at $49.13 on Friday. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 10.19, a P/E/G ratio of 0.39 and a beta of 0.85. The business’s 50-day moving average is $48.55 and its 200-day moving average is $44.75. Intercorp Financial Services Inc. has a 1 year low of $30.59 and a 1 year high of $53.00.

Intercorp Financial Services Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Friday, April 24th will be paid a $1.80 dividend. The ex-dividend date is Friday, April 24th. This represents a dividend yield of 358.0%. This is an increase from Intercorp Financial Services’s previous annual dividend of $1.00. Intercorp Financial Services’s dividend payout ratio (DPR) is presently 19.71%.

Hedge Funds Weigh In On Intercorp Financial Services

Institutional investors have recently modified their holdings of the company. Schroder Investment Management Group lifted its holdings in shares of Intercorp Financial Services by 34.2% in the 4th quarter. Schroder Investment Management Group now owns 750,628 shares of the company’s stock worth $31,797,000 after purchasing an additional 191,217 shares in the last quarter. Millennium Management LLC increased its stake in Intercorp Financial Services by 66.7% during the 4th quarter. Millennium Management LLC now owns 639,381 shares of the company’s stock valued at $27,084,000 after purchasing an additional 255,753 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Intercorp Financial Services by 7.2% during the fourth quarter. JPMorgan Chase & Co. now owns 631,168 shares of the company’s stock worth $26,736,000 after buying an additional 42,149 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Intercorp Financial Services by 15.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 581,245 shares of the company’s stock worth $23,447,000 after buying an additional 78,333 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Intercorp Financial Services by 24.4% in the third quarter. Principal Financial Group Inc. now owns 534,609 shares of the company’s stock valued at $21,566,000 after buying an additional 104,792 shares in the last quarter.

Wall Street Analyst Weigh In

IFS has been the topic of several research analyst reports. Wall Street Zen lowered shares of Intercorp Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intercorp Financial Services in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Intercorp Financial Services currently has an average rating of “Moderate Buy” and an average price target of $48.00.

About Intercorp Financial Services

Intercorp Financial Services (NYSE:IFS) is a Lima-based financial holding company that brings together a suite of banking and non-banking financial businesses under the Intercorp Group umbrella. Through its network of subsidiaries, the company provides a broad range of products and services designed to meet the needs of individual consumers, small and medium-sized enterprises, and large corporations across Peru.

The company’s core banking operations are conducted through Interbank, which offers deposit accounts, personal and business loans, credit and debit cards, trade finance and electronic banking solutions.