Jane Street Group LLC Takes Position in Intercorp Financial Services Inc. (NYSE:IFS)

Jane Street Group LLC bought a new stake in Intercorp Financial Services Inc. (NYSE:IFS - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 17,101 shares of the company's stock, valued at approximately $447,000.

Several other hedge funds have also recently bought and sold shares of IFS. Helikon Investments Ltd raised its stake in shares of Intercorp Financial Services by 24.8% during 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 in the last quarter. Citigroup Inc. raised 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 worth $5,591,000 after buying an additional 175,734 shares in the last quarter. State Street Corp lifted its stake in shares of Intercorp Financial Services by 13.3% in the 3rd quarter. State Street Corp now owns 143,413 shares of the company's stock worth $3,747,000 after acquiring an additional 16,793 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Intercorp Financial Services in the second quarter valued at approximately $387,000. Finally, Acadian Asset Management LLC increased its stake in shares of Intercorp Financial Services by 44.9% during the second quarter. Acadian Asset Management LLC now owns 21,952 shares of the company's stock valued at $490,000 after acquiring an additional 6,807 shares during the period.

Intercorp Financial Services Price Performance

IFS stock traded up $0.04 on Tuesday, hitting $29.35. 89,531 shares of the company's stock traded hands, compared to its average volume of 181,258. Intercorp Financial Services Inc. has a 1-year low of $20.56 and a 1-year high of $30.59. The stock has a fifty day moving average of $28.41 and a 200-day moving average of $25.75. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 0.41 and a beta of 1.26. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.56.

Insider Transactions at Intercorp Financial Services

In other news, major shareholder Peru Ltd Intercorp purchased 13,445 shares of Intercorp Financial Services stock in a transaction that occurred on Monday, December 2nd. The stock was acquired at an average price of $19.71 per share, for a total transaction of $265,000.95. Following the transaction, the insider now owns 1,896,159 shares in the company, valued at $37,373,293.89. The trade was a 0.71 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased their price target on Intercorp Financial Services from $31.00 to $30.00 and set an "overweight" rating for the company in a research note on Thursday, September 12th.

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.