Los Angeles Capital Management LLC Invests $1.25 Million in Intercorp Financial Services Inc. (NYSE:IFS)

Los Angeles Capital Management LLC bought a new position in Intercorp Financial Services Inc. (NYSE:IFS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 42,451 shares of the company's stock, valued at approximately $1,246,000.

A number of other institutional investors have also modified their holdings of IFS. Principal Financial Group Inc. boosted its stake in Intercorp Financial Services by 351.5% in the third quarter. Principal Financial Group Inc. now owns 231,269 shares of the company's stock valued at $6,043,000 after acquiring an additional 180,043 shares in the last quarter. Citigroup Inc. increased its holdings 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 in the last quarter. Mirabella Financial Services LLP acquired a new position in shares of Intercorp Financial Services in the third quarter worth about $468,000. PDT Partners LLC acquired a new stake in shares of Intercorp Financial Services during the 3rd quarter valued at about $237,000. Finally, State Street Corp raised its holdings in 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 purchasing an additional 16,793 shares during the period.

Insiders Place Their Bets

In other news, major shareholder Peru Ltd Intercorp bought 574,071 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was bought at an average cost of $19.79 per share, for a total transaction of $11,360,865.09. Following the acquisition, the insider now directly 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 position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

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Intercorp Financial Services Stock Up 1.9 %

Shares of NYSE IFS traded up $0.61 during trading on Wednesday, hitting $32.18. The company had a trading volume of 148,480 shares, compared to its average volume of 181,554. The stock has a fifty day simple moving average of $30.53 and a two-hundred day simple moving average of $28.10. Intercorp Financial Services Inc. has a fifty-two week low of $20.56 and a fifty-two week high of $33.62. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 0.32 and a beta of 1.24.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $0.94 by $0.19. Intercorp Financial Services had a net margin of 21.03% and a return on equity of 12.38%. On average, analysts anticipate that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current year.

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.