Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report) shares saw an uptick in trading volume on Friday . 409,002 shares changed hands during mid-day trading, an increase of 63% from the previous session's volume of 251,096 shares.The stock last traded at $29.12 and had previously closed at $29.21.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. reduced their price target on shares of Intercorp Financial Services from $31.00 to $30.00 and set an "overweight" rating on the stock in a report on Thursday, September 12th.
Read Our Latest Research Report on Intercorp Financial Services
Intercorp Financial Services Trading Down 1.1 %
The business has a 50-day moving average of $28.34 and a 200 day moving average of $25.62. The stock has a market cap of $3.34 billion, a PE ratio of 11.33, a PEG ratio of 0.41 and a beta of 1.29. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.12 and a current ratio of 1.12.
Insiders Place Their Bets
In other news, major shareholder Peru Ltd Intercorp bought 574,071 shares of Intercorp Financial Services stock in a transaction that occurred on Thursday, December 26th. The shares were purchased at an average price of $19.79 per share, for a total transaction of $11,360,865.09. Following the completion of the acquisition, the insider now owns 2,470,230 shares of the company's stock, valued at $48,885,851.70. The trade was a 30.28 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Hedge Funds Weigh In On Intercorp Financial Services
Large investors have recently modified their holdings of the company. Semanteon Capital Management LP purchased a new position in Intercorp Financial Services in the third quarter valued at approximately $222,000. PDT Partners LLC acquired a new position in shares of Intercorp Financial Services during the third quarter worth about $237,000. XTX Topco Ltd purchased a new position in Intercorp Financial Services in the 3rd quarter worth approximately $288,000. Public Employees Retirement System of Ohio acquired a new position in shares of Intercorp Financial Services during the third quarter worth $423,000. Finally, Geode Capital Management LLC boosted its stake in shares of Intercorp Financial Services by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 16,799 shares of the company's stock valued at $439,000 after buying an additional 401 shares during the last quarter.
Intercorp Financial Services Company Profile
(
Get Free Report)
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.
Further Reading
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