Peru Ltd Intercorp Acquires 574,071 Shares of Intercorp Financial Services Inc. (NYSE:IFS) Stock

Intercorp Financial Services Inc. (NYSE:IFS - Get Free Report) major shareholder Peru Ltd Intercorp purchased 574,071 shares of the business's stock in a transaction on Thursday, December 26th. The stock was acquired at an average price of $19.79 per share, for a total transaction of $11,360,865.09. Following the completion of the purchase, the insider now owns 2,470,230 shares of the company's stock, valued at $48,885,851.70. This represents a 30.28 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

Peru Ltd Intercorp also recently made the following trade(s):

• On Monday, December 2nd, Peru Ltd Intercorp bought 13,445 shares of Intercorp Financial Services stock. The shares were purchased at an average price of $19.71 per share, for a total transaction of $265,000.95.

Intercorp Financial Services Stock Performance

Shares of IFS traded down $0.09 during midday trading on Friday, reaching $29.08. 49,712 shares of the stock were exchanged, compared to its average volume of 112,540. The business's 50-day moving average price is $28.12 and its 200 day moving average price is $25.38. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.12 and a quick ratio of 1.12. Intercorp Financial Services Inc. has a twelve month low of $20.56 and a twelve month high of $30.59. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 0.41 and a beta of 1.29.

Institutional Trading of Intercorp Financial Services

A number of hedge funds and other institutional investors have recently made changes to their positions in IFS. Principal Financial Group Inc. grew its holdings in shares of Intercorp Financial Services by 351.5% during the third quarter. Principal Financial Group Inc. now owns 231,269 shares of the company's stock worth $6,043,000 after buying an additional 180,043 shares during the last quarter. Lord Abbett & CO. LLC grew its holdings in shares of Intercorp Financial Services by 6.1% during the third quarter. Lord Abbett & CO. LLC now owns 201,309 shares of the company's stock worth $5,260,000 after buying an additional 11,612 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Intercorp Financial Services by 2.4% during the third quarter. Geode Capital Management LLC now owns 16,799 shares of the company's stock worth $439,000 after buying an additional 401 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Intercorp Financial Services during the third quarter worth about $423,000. Finally, XTX Topco Ltd purchased a new position in shares of Intercorp Financial Services during the third quarter worth about $288,000.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. cut their target price on Intercorp Financial Services from $31.00 to $30.00 and set an "overweight" rating on the stock in a research report 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.