Shares of Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report) shot up 6.6% during trading on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $32.80 and last traded at $33.12. 99,229 shares changed hands during trading, a decline of 38% from the average session volume of 160,315 shares. The stock had previously closed at $31.06.
The company reported $1.13 EPS 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%.
Insider Buying and Selling at Intercorp Financial Services
In other news, major shareholder Peru Ltd Intercorp bought 574,071 shares of the firm's stock in a transaction dated Thursday, December 26th. The shares were 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 in the company, valued at $48,885,851.70. The trade was a 30.28 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Institutional Investors Weigh In On Intercorp Financial Services
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. R Squared Ltd acquired a new position in Intercorp Financial Services during the fourth quarter worth about $42,000. Semanteon Capital Management LP acquired a new stake in shares of Intercorp Financial Services in the third quarter valued at approximately $222,000. PDT Partners LLC purchased a new position in Intercorp Financial Services during the third quarter worth approximately $237,000. XTX Topco Ltd acquired a new position in Intercorp Financial Services during the third quarter worth $288,000. Finally, Nipun Capital L.P. purchased a new stake in Intercorp Financial Services in the 4th quarter valued at $337,000.
Intercorp Financial Services Stock Performance
The business has a 50 day simple moving average of $29.32 and a 200-day simple moving average of $26.90. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 10.82, a P/E/G ratio of 0.30 and a beta of 1.26.
About Intercorp Financial Services
(
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.
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