Intercorp Financial Services Inc. (NYSE:IFS) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its position in Intercorp Financial Services Inc. (NYSE:IFS - Free Report) by 707.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,088 shares of the company's stock after buying an additional 36,002 shares during the period. Russell Investments Group Ltd.'s holdings in Intercorp Financial Services were worth $1,198,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Jane Street Group LLC acquired a new stake in shares of Intercorp Financial Services during the 3rd quarter worth $447,000. Principal Financial Group Inc. grew its holdings in shares of Intercorp Financial Services by 351.5% during the 3rd quarter. Principal Financial Group Inc. now owns 231,269 shares of the company's stock worth $6,043,000 after purchasing an additional 180,043 shares during the period. Banco BTG Pactual S.A. acquired a new stake in shares of Intercorp Financial Services in the fourth quarter worth $1,882,000. Arrowstreet Capital Limited Partnership increased its holdings in Intercorp Financial Services by 20.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 274,868 shares of the company's stock valued at $8,065,000 after purchasing an additional 47,295 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Intercorp Financial Services by 48.5% in the fourth quarter. American Century Companies Inc. now owns 49,449 shares of the company's stock valued at $1,451,000 after purchasing an additional 16,158 shares during the period.

Intercorp Financial Services Stock Up 1.9 %

Shares of NYSE IFS traded up $0.61 on Wednesday, hitting $32.23. The company had a trading volume of 167,627 shares, compared to its average volume of 132,920. The firm has a market capitalization of $3.69 billion, a P/E ratio of 10.67, a PEG ratio of 0.32 and a beta of 1.18. Intercorp Financial Services Inc. has a 12-month low of $21.27 and a 12-month high of $34.60. The business has a 50 day moving average of $32.14 and a two-hundred day moving average of $29.88.

Intercorp Financial Services (NYSE:IFS - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $1.13 earnings per share for the quarter, beating 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%. On average, sell-side analysts anticipate that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current year.

Intercorp Financial Services Announces Dividend

The firm also recently announced an annual dividend, which will be paid on Monday, May 5th. Stockholders of record on Thursday, April 24th will be given a dividend of $1.00 per share. This represents a dividend yield of 3%. The ex-dividend date is Wednesday, April 23rd. Intercorp Financial Services's payout ratio is 31.46%.

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.