Intercorp Financial Services Inc. (NYSE:IFS) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. grew its position in Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 64.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 381,269 shares of the company's stock after buying an additional 150,000 shares during the period. Principal Financial Group Inc. owned 0.33% of Intercorp Financial Services worth $11,186,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in Intercorp Financial Services by 2.4% in the third 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. R Squared Ltd acquired a new stake in shares of Intercorp Financial Services in the 4th quarter worth $42,000. PDT Partners LLC purchased a new stake in shares of Intercorp Financial Services during the third quarter worth about $237,000. XTX Topco Ltd acquired a new position in shares of Intercorp Financial Services during the third quarter valued at about $288,000. Finally, Lord Abbett & CO. LLC raised its position in shares of Intercorp Financial Services by 6.1% in the 3rd quarter. Lord Abbett & CO. LLC now owns 201,309 shares of the company's stock valued at $5,260,000 after purchasing an additional 11,612 shares during the last quarter.

Intercorp Financial Services Price Performance

NYSE:IFS traded up $0.14 during trading hours on Monday, hitting $32.18. 53,577 shares of the company were exchanged, compared to its average volume of 181,637. The company's 50 day moving average price is $30.37 and its 200-day moving average price is $27.95. Intercorp Financial Services Inc. has a 52-week low of $20.56 and a 52-week high of $33.62. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 0.32 and a beta of 1.26.

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Intercorp Financial Services (NYSE:IFS - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.13 earnings per share for the quarter, topping 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, equities analysts predict that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current year.

Insider Transactions at Intercorp Financial Services

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp bought 574,071 shares of the firm's stock in a transaction dated Thursday, December 26th. The shares were purchased at an average price of $19.79 per share, for a total transaction of $11,360,865.09. Following the transaction, the insider now directly owns 2,470,230 shares of the company's stock, valued at approximately $48,885,851.70. This represents a 30.28 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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.