Nipun Capital L.P. Buys Shares of 11,500 Intercorp Financial Services Inc. (NYSE:IFS)

Nipun Capital L.P. bought a new stake in Intercorp Financial Services Inc. (NYSE:IFS) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 11,500 shares of the company’s stock, valued at approximately $337,000. Intercorp Financial Services makes up approximately 0.2% of Nipun Capital L.P.’s portfolio, making the stock its 8th biggest holding.

Several other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Intercorp Financial Services by 2.4% during the third quarter. Geode Capital Management LLC now owns 16,799 shares of the company’s stock worth $439,000 after buying an additional 401 shares in the last quarter. R Squared Ltd acquired a new position in shares of Intercorp Financial Services during the fourth quarter worth about $42,000. PDT Partners LLC acquired a new position in shares of Intercorp Financial Services during the third quarter worth about $237,000. XTX Topco Ltd acquired a new position in shares of Intercorp Financial Services during the third quarter worth about $288,000. Finally, Lord Abbett & CO. LLC grew its position in shares of Intercorp Financial Services by 6.1% during the third quarter. Lord Abbett & CO. LLC now owns 201,309 shares of the company’s stock worth $5,260,000 after buying an additional 11,612 shares in the last quarter.

Intercorp Financial Services Stock Performance

Shares of Intercorp Financial Services stock opened at $33.12 on Monday. Intercorp Financial Services Inc. has a one year low of $20.56 and a one year high of $33.62. The company has a market cap of $3.79 billion, a PE ratio of 10.97, a P/E/G ratio of 0.32 and a beta of 1.24. The business has a 50-day simple moving average of $30.93 and a 200-day simple moving average of $28.53.

Intercorp Financial Services (NYSE:IFS) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.13 EPS for the quarter, topping 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%. On average, sell-side analysts predict that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current fiscal year.

Insider Activity at Intercorp Financial Services

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp purchased 574,071 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was purchased at an average cost of $19.79 per share, with a total value of $11,360,865.09. Following the completion of the acquisition, the insider now directly owns 2,470,230 shares of the company’s stock, valued at $48,885,851.70. This trade represents a 30.28 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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.