Intercorp Financial Services Inc. (NYSE:IFS) Shares Purchased by Citigroup Inc.

Citigroup Inc. grew its position in Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 466.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 213,392 shares of the company's stock after buying an additional 175,734 shares during the quarter. Citigroup Inc.'s holdings in Intercorp Financial Services were worth $5,591,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Helikon Investments Ltd lifted its stake in Intercorp Financial Services by 208.5% in the second quarter. Helikon Investments Ltd now owns 781,345 shares of the company's stock worth $17,510,000 after acquiring an additional 528,099 shares during the period. Principal Financial Group Inc. lifted its position in shares of Intercorp Financial Services by 351.5% in the 3rd quarter. Principal Financial Group Inc. now owns 231,269 shares of the company's stock worth $6,043,000 after purchasing an additional 180,043 shares during the period. Marshall Wace LLP lifted its position in shares of Intercorp Financial Services by 544.1% in the 2nd quarter. Marshall Wace LLP now owns 84,377 shares of the company's stock worth $1,891,000 after purchasing an additional 71,277 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Intercorp Financial Services during the second quarter valued at approximately $387,000. Finally, Semanteon Capital Management LP purchased a new position in Intercorp Financial Services during the third quarter valued at approximately $222,000.

Insider Activity

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp bought 247,311 shares of Intercorp Financial Services stock in a transaction that occurred on Friday, September 27th. The shares were bought at an average cost of $19.65 per share, with a total value of $4,859,661.15. Following the transaction, the insider now directly owns 1,842,999 shares of the company's stock, valued at approximately $36,214,930.35. This represents a 15.50 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. dropped their target price on Intercorp Financial Services from $31.00 to $30.00 and set an "overweight" rating on the stock in a research report on Thursday, September 12th.

Intercorp Financial Services Stock Up 1.4 %

IFS traded up $0.39 on Monday, hitting $28.14. The company had a trading volume of 174,810 shares, compared to its average volume of 111,120. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 11.05, a P/E/G ratio of 0.39 and a beta of 1.31. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a fifty day moving average price of $27.18 and a 200-day moving average price of $24.59. Intercorp Financial Services Inc. has a 12-month low of $18.60 and a 12-month high of $30.59.

Intercorp Financial Services Profile

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.