Teacher Retirement System of Texas Takes Position in Intercorp Financial Services Inc. (NYSE:IFS)

Teacher Retirement System of Texas acquired a new stake in shares of Intercorp Financial Services Inc. (NYSE:IFS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 51,012 shares of the company's stock, valued at approximately $1,497,000.

Other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. raised its position 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 buying an additional 180,043 shares in the last quarter. Citigroup Inc. raised its holdings in Intercorp Financial Services by 466.7% during the third quarter. Citigroup Inc. now owns 213,392 shares of the company's stock worth $5,591,000 after purchasing an additional 175,734 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Intercorp Financial Services in the fourth quarter worth approximately $1,246,000. New York State Common Retirement Fund acquired a new stake in Intercorp Financial Services in the fourth quarter worth approximately $716,000. Finally, Jane Street Group LLC bought a new position in Intercorp Financial Services during the 3rd quarter valued at $447,000.

Intercorp Financial Services Price Performance

Shares of IFS traded down $0.25 during midday trading on Wednesday, reaching $33.54. The stock had a trading volume of 10,263 shares, compared to its average volume of 129,478. The company has a market capitalization of $3.84 billion, a P/E ratio of 11.11, a P/E/G ratio of 0.32 and a beta of 1.24. The firm's 50 day moving average price is $32.06 and its 200-day moving average price is $29.29. Intercorp Financial Services Inc. has a 52 week low of $20.56 and a 52 week high of $34.60.

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Intercorp Financial Services (NYSE:IFS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.13 EPS 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%. On average, equities analysts forecast 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. Investors of record on Thursday, April 24th will be issued a dividend of $1.00 per share. This represents a yield of 3%. The ex-dividend date of this dividend is Thursday, April 24th. Intercorp Financial Services's payout ratio is 31.46%.

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.