Intercorp Financial Services (NYSE:IFS) Reaches New 1-Year High - Time to Buy?

Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $33.48 and last traded at $33.39, with a volume of 36070 shares. The stock had previously closed at $32.92.

Intercorp Financial Services Price Performance

The firm's 50 day moving average price is $29.85 and its 200-day moving average price is $27.34. The stock has a market cap of $3.70 billion, a P/E ratio of 10.72, a P/E/G ratio of 0.30 and a beta of 1.26.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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, analysts expect that Intercorp Financial Services Inc. will post 4.19 earnings per share for the current year.

Insider Activity at Intercorp Financial Services

In related news, major shareholder Peru Ltd Intercorp acquired 574,071 shares of the firm's stock in a transaction dated 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 approximately $48,885,851.70. This trade represents a 30.28 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Institutional Investors Weigh In On Intercorp Financial Services

Large investors have recently added to or reduced their stakes in the stock. Semanteon Capital Management LP bought a new position in shares of Intercorp Financial Services during the 3rd quarter valued at $222,000. Helikon Investments Ltd lifted its holdings in 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 acquiring an additional 193,474 shares during the period. Principal Financial Group Inc. grew its stake in shares of Intercorp Financial Services by 351.5% during the 3rd quarter. Principal Financial Group Inc. now owns 231,269 shares of the company's stock valued at $6,043,000 after purchasing an additional 180,043 shares during the period. Citigroup Inc. increased its position in shares of Intercorp Financial Services by 466.7% during the 3rd quarter. Citigroup Inc. now owns 213,392 shares of the company's stock valued at $5,591,000 after purchasing an additional 175,734 shares during the last quarter. Finally, Mirabella Financial Services LLP bought a new position in shares of Intercorp Financial Services in the 3rd quarter worth approximately $468,000.

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.