Principal Financial Group Inc. Increases Position in Intercorp Financial Services Inc. (NYSE:IFS)

Principal Financial Group Inc. increased its holdings in shares of Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 351.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 231,269 shares of the company's stock after acquiring an additional 180,043 shares during the period. Principal Financial Group Inc. owned about 0.20% of Intercorp Financial Services worth $6,043,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Helikon Investments Ltd boosted its holdings in shares of Intercorp Financial Services by 24.8% in the third quarter. Helikon Investments Ltd now owns 974,819 shares of the company's stock valued at $25,472,000 after purchasing an additional 193,474 shares during the period. Citigroup Inc. lifted its holdings in shares of Intercorp Financial Services by 466.7% in the 3rd quarter. Citigroup Inc. now owns 213,392 shares of the company's stock worth $5,591,000 after buying an additional 175,734 shares during the period. Marshall Wace LLP grew its position in shares of Intercorp Financial Services by 544.1% during the 2nd quarter. Marshall Wace LLP now owns 84,377 shares of the company's stock worth $1,891,000 after buying an additional 71,277 shares in the last quarter. Mirabella Financial Services LLP purchased a new position in shares of Intercorp Financial Services during the third quarter valued at $468,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Intercorp Financial Services in the second quarter valued at about $387,000.

Insiders Place Their Bets

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp bought 13,445 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The shares were purchased at an average cost of $19.71 per share, for a total transaction of $265,000.95. Following the purchase, the insider now directly owns 1,896,159 shares in the company, valued at $37,373,293.89. This represents a 0.71 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut their target price on shares of 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 Down 0.4 %

Shares of IFS traded down $0.13 during trading hours on Thursday, hitting $29.21. The company had a trading volume of 95,365 shares, compared to its average volume of 111,982. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $3.37 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 0.41 and a beta of 1.29. Intercorp Financial Services Inc. has a one year low of $20.56 and a one year high of $30.59. The company's fifty day moving average price is $28.29 and its two-hundred day moving average price is $25.59.

Intercorp Financial Services Company 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.