Nipun Capital L.P. Takes Position in Intercorp Financial Services Inc. (NYSE:IFS)

Nipun Capital L.P. purchased a new position in shares of Intercorp Financial Services Inc. (NYSE:IFS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,500 shares of the company's stock, valued at approximately $337,000. Intercorp Financial Services accounts for about 0.2% of Nipun Capital L.P.'s holdings, making the stock its 8th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in Intercorp Financial Services during the 4th quarter worth $42,000. PDT Partners LLC purchased a new stake in Intercorp Financial Services during the 3rd quarter worth $237,000. XTX Topco Ltd purchased a new stake in Intercorp Financial Services during the 3rd quarter worth $288,000. Public Employees Retirement System of Ohio purchased a new stake in Intercorp Financial Services during the 3rd quarter worth $423,000. Finally, Geode Capital Management LLC increased its position in shares of Intercorp Financial Services by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 16,799 shares of the company's stock worth $439,000 after purchasing an additional 401 shares during the last quarter.

Insider Transactions at Intercorp Financial Services

In related news, major shareholder Peru Ltd Intercorp bought 574,071 shares of the company's stock in a transaction dated Thursday, December 26th. The stock was bought at an average price of $19.79 per share, with a total value of $11,360,865.09. Following the transaction, the insider now owns 2,470,230 shares of the company's stock, valued at approximately $48,885,851.70. This trade represents a 30.28 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

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Intercorp Financial Services Stock Up 0.2 %

Shares of IFS traded up $0.06 during midday trading on Thursday, hitting $34.14. The company had a trading volume of 98,888 shares, compared to its average volume of 126,816. The company's 50 day moving average price is $31.20 and its 200 day moving average price is $28.69. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 0.32 and a beta of 1.24. Intercorp Financial Services Inc. has a 52 week low of $20.56 and a 52 week high of $34.60.

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

Intercorp Financial Services 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.