Intercorp Financial Services (NYSE:IFS) Reaches New 12-Month High – Here’s What Happened

Intercorp Financial Services Inc. (NYSE:IFS)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $33.70 and last traded at $33.17, with a volume of 558 shares. The stock had previously closed at $33.04.

Intercorp Financial Services Stock Up 1.0 %

The company has a 50-day moving average of $30.93 and a 200 day moving average of $28.53. The firm has a market capitalization of $3.82 billion, a PE ratio of 10.98, a PEG ratio of 0.32 and a beta of 1.24.

Intercorp Financial Services (NYSE:IFS) last posted its 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 return on equity of 12.38% and a net margin of 21.03%. As a group, equities analysts anticipate that Intercorp Financial Services Inc. will post 4.23 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Peru Ltd Intercorp bought 574,071 shares of the stock in a transaction dated Thursday, December 26th. The stock was bought at an average price of $19.79 per share, with a total value of $11,360,865.09. Following the purchase, the insider now owns 2,470,230 shares in the company, valued at approximately $48,885,851.70. The trade was a 30.28 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. raised its position in Intercorp Financial Services by 351.5% during the 3rd quarter. Principal Financial Group Inc. now owns 231,269 shares of the company’s stock valued at $6,043,000 after purchasing an additional 180,043 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Intercorp Financial Services during the 3rd quarter worth approximately $447,000. Citigroup Inc. grew its holdings in shares of Intercorp Financial Services by 466.7% during the 3rd quarter. Citigroup Inc. now owns 213,392 shares of the company’s stock worth $5,591,000 after acquiring an additional 175,734 shares during the period. Geode Capital Management LLC grew its holdings in shares of Intercorp Financial Services by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 16,799 shares of the company’s stock worth $439,000 after acquiring an additional 401 shares during the period. Finally, State Street Corp grew its holdings in shares of Intercorp Financial Services by 13.3% during the 3rd quarter. State Street Corp now owns 143,413 shares of the company’s stock worth $3,747,000 after acquiring an additional 16,793 shares during the period.

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.