Franklin Resources Inc. Trims Stock Position in Intercorp Financial Services Inc. (NYSE:IFS)

Franklin Resources Inc. decreased its position in shares of Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,988,992 shares of the company's stock after selling 82,429 shares during the quarter. Franklin Resources Inc. owned approximately 1.74% of Intercorp Financial Services worth $58,357,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. R Squared Ltd purchased a new position in Intercorp Financial Services during the 4th quarter worth approximately $42,000. Sei Investments Co. acquired a new stake in shares of Intercorp Financial Services in the fourth quarter valued at approximately $212,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Intercorp Financial Services in the fourth quarter valued at approximately $238,000. XTX Topco Ltd purchased a new position in shares of Intercorp Financial Services during the third quarter worth approximately $288,000. Finally, Quantbot Technologies LP increased its holdings in shares of Intercorp Financial Services by 314.4% in the 4th quarter. Quantbot Technologies LP now owns 10,923 shares of the company's stock valued at $320,000 after acquiring an additional 8,287 shares during the period.

Intercorp Financial Services Price Performance

Shares of NYSE:IFS opened at $32.17 on Friday. Intercorp Financial Services Inc. has a 1-year low of $20.56 and a 1-year high of $34.60. The stock has a market cap of $3.68 billion, a P/E ratio of 10.65, a P/E/G ratio of 0.32 and a beta of 1.18. The firm has a fifty day moving average price of $32.21 and a 200 day moving average price of $29.34.

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Intercorp Financial Services (NYSE:IFS - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.13 earnings per share (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%. Sell-side analysts expect that Intercorp Financial Services Inc. will post 4.23 EPS for the current fiscal year.

Intercorp Financial Services Dividend Announcement

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 dividend of $1.00 per share. This represents a dividend yield of 3%. The ex-dividend date of this dividend is Thursday, April 24th. Intercorp Financial Services's dividend payout ratio is presently 31.46%.

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.

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