Intercorp Financial Services (NYSE:IFS) Hits New 1-Year High - Should You Buy?

Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report)'s stock price hit a new 52-week high on Monday . The company traded as high as $33.70 and last traded at $33.17, with a volume of 558 shares traded. The stock had previously closed at $33.04.

Intercorp Financial Services Stock Performance

The company has a market capitalization of $3.90 billion, a P/E ratio of 11.29, a P/E/G ratio of 0.32 and a beta of 1.24. The business's fifty day simple moving average is $31.31 and its 200-day simple moving average is $28.73.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.13 earnings per share for the quarter, beating 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%. As a group, analysts forecast that Intercorp Financial Services Inc. will post 4.23 EPS for the current year.

Insiders Place Their Bets

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp acquired 574,071 shares of the stock in a transaction on Thursday, December 26th. The stock was acquired at an average price of $19.79 per share, for a total transaction of $11,360,865.09. Following the completion of the transaction, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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Institutional Trading of Intercorp Financial Services

Several hedge funds have recently made changes to their positions in IFS. Employees Retirement System of Texas purchased a new position in Intercorp Financial Services in the fourth quarter worth about $155,000. Public Employees Retirement System of Ohio lifted its stake in shares of Intercorp Financial Services by 149.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 40,389 shares of the company's stock valued at $1,185,000 after purchasing an additional 24,185 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Intercorp Financial Services by 4.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,700 shares of the company's stock worth $2,602,000 after purchasing an additional 3,500 shares during the period. Squarepoint Ops LLC bought a new position in shares of Intercorp Financial Services during the 4th quarter valued at approximately $672,000. Finally, Millennium Management LLC raised its holdings in Intercorp Financial Services by 2,109.3% during the 4th quarter. Millennium Management LLC now owns 556,972 shares of the company's stock valued at $16,342,000 after buying an additional 531,762 shares during the period.

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.