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

Principal Financial Group Inc. increased its holdings in shares of Intercorp Financial Services Inc. (NYSE:IFS) by 351.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 231,269 shares of the company’s stock after purchasing an additional 180,043 shares during the period. Principal Financial Group Inc. owned approximately 0.20% of Intercorp Financial Services worth $6,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IFS. Russell Investments Group Ltd. purchased a new position in shares of Intercorp Financial Services during the 1st quarter valued at about $31,000. Semanteon Capital Management LP purchased a new position in Intercorp Financial Services during the third quarter valued at approximately $222,000. Acadian Asset Management LLC lifted its holdings in Intercorp Financial Services by 487.0% in the first quarter. Acadian Asset Management LLC now owns 15,145 shares of the company’s stock valued at $357,000 after acquiring an additional 12,565 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Intercorp Financial Services in the 2nd quarter worth approximately $387,000. Finally, Virtu Financial LLC acquired a new stake in shares of Intercorp Financial Services during the 1st quarter worth approximately $458,000.

Insider Activity

In related news, major shareholder Peru Ltd Intercorp purchased 247,311 shares of Intercorp Financial Services stock in a transaction that occurred on Friday, September 27th. The stock was purchased at an average price of $19.65 per share, for a total transaction of $4,859,661.15. Following the transaction, the insider now directly owns 1,842,999 shares in the company, valued at approximately $36,214,930.35. This trade represents a 15.50 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. dropped their price target on shares of 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.

Intercorp Financial Services Stock Performance

Shares of Intercorp Financial Services stock opened at $28.94 on Thursday. Intercorp Financial Services Inc. has a twelve month low of $18.60 and a twelve month high of $30.59. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.12 and a current ratio of 1.12. The business has a 50-day moving average price of $26.67 and a 200 day moving average price of $24.30.

About Intercorp Financial Services

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.