Peru Ltd Intercorp Acquires 13,445 Shares of Intercorp Financial Services Inc. (NYSE:IFS) Stock

Intercorp Financial Services Inc. (NYSE:IFS) major shareholder Peru Ltd Intercorp acquired 13,445 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were bought at an average price of $19.71 per share, with a total value of $265,000.95. Following the completion of the transaction, the insider now directly owns 1,896,159 shares in the company, valued at approximately $37,373,293.89. The trade was a 0.71 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more 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 Friday, September 27th, Peru Ltd Intercorp bought 247,311 shares of Intercorp Financial Services stock. The shares were bought at an average price of $19.65 per share, for a total transaction of $4,859,661.15.

Intercorp Financial Services Stock Up 3.5 %

Intercorp Financial Services stock opened at $28.81 on Friday. The firm’s 50-day moving average is $27.41 and its two-hundred day moving average is $24.71. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.56. Intercorp Financial Services Inc. has a 12-month low of $18.60 and a 12-month high of $30.59.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their price objective 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.

Institutional Trading of Intercorp Financial Services

A number of hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake 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 purchasing an additional 401 shares during the period. Acadian Asset Management LLC lifted its position in Intercorp Financial Services by 44.9% during the second quarter. Acadian Asset Management LLC now owns 21,952 shares of the company’s stock worth $490,000 after buying an additional 6,807 shares during the period. Semanteon Capital Management LP acquired a new stake in Intercorp Financial Services in the 3rd quarter worth about $222,000. PDT Partners LLC purchased a new stake in Intercorp Financial Services in the 3rd quarter valued at about $237,000. Finally, XTX Topco Ltd acquired a new position in shares of Intercorp Financial Services during the 3rd quarter valued at about $288,000.

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.