Intercorp Financial Services Inc. (NYSE:IFS) Shares Acquired by Marshall Wace LLP

Marshall Wace LLP raised its holdings in shares of Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 544.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,377 shares of the company's stock after purchasing an additional 71,277 shares during the quarter. Marshall Wace LLP owned 0.07% of Intercorp Financial Services worth $1,891,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of IFS. Helikon Investments Ltd boosted its holdings in shares of Intercorp Financial Services by 208.5% in the 2nd quarter. Helikon Investments Ltd now owns 781,345 shares of the company's stock worth $17,510,000 after purchasing an additional 528,099 shares during the period. Absolute Gestao de Investimentos Ltda. bought a new position in Intercorp Financial Services during the first quarter valued at $1,465,000. Schroder Investment Management Group increased its position in Intercorp Financial Services by 4.4% during the fourth quarter. Schroder Investment Management Group now owns 752,596 shares of the company's stock valued at $16,519,000 after acquiring an additional 31,842 shares during the last quarter. Dodge & Cox purchased a new stake in shares of Intercorp Financial Services in the fourth quarter valued at $593,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Intercorp Financial Services in the 1st quarter worth about $559,000.

Intercorp Financial Services Trading Up 2.1 %

Shares of IFS stock traded up $0.57 on Friday, reaching $27.16. 229,613 shares of the company's stock were exchanged, compared to its average volume of 99,873. The company's fifty day simple moving average is $24.19 and its 200 day simple moving average is $23.35. Intercorp Financial Services Inc. has a 52 week low of $17.94 and a 52 week high of $30.59. The company has a current ratio of 1.10, a quick ratio of 1.12 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $3.13 billion, a PE ratio of 12.23, a P/E/G ratio of 0.30 and a beta of 1.32.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last released its earnings results on Wednesday, August 14th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.09. The business had revenue of $414.92 million during the quarter, compared to the consensus estimate of $423.35 million. Intercorp Financial Services had a return on equity of 8.97% and a net margin of 14.94%. As a group, analysts forecast that Intercorp Financial Services Inc. will post 3.19 EPS for the current year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut 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.

Insider Activity at Intercorp Financial Services

In related news, major shareholder Peru Ltd Intercorp acquired 247,311 shares of the stock in a transaction on Friday, September 27th. The stock was bought at an average cost of $19.65 per share, with a total value of $4,859,661.15. Following the transaction, the insider now directly owns 1,842,999 shares in the company, valued at approximately $36,214,930.35. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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.