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

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

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Acadian Asset Management LLC lifted its position in shares of Intercorp Financial Services by 44.9% during the 2nd quarter. Acadian Asset Management LLC now owns 21,952 shares of the company’s stock valued at $490,000 after acquiring an additional 6,807 shares during the last quarter. Marshall Wace LLP increased its stake in Intercorp Financial Services by 544.1% in the 2nd quarter. Marshall Wace LLP now owns 84,377 shares of the company’s stock worth $1,891,000 after purchasing an additional 71,277 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Intercorp Financial Services during the second quarter valued at about $387,000. Semanteon Capital Management LP acquired a new position in shares of Intercorp Financial Services in the third quarter worth about $222,000. Finally, Helikon Investments Ltd increased its position in shares of Intercorp Financial Services by 24.8% in the third quarter. Helikon Investments Ltd now owns 974,819 shares of the company’s stock worth $25,472,000 after acquiring an additional 193,474 shares in the last quarter.

Intercorp Financial Services Price Performance

Shares of IFS opened at $29.34 on Thursday. The business’s 50-day moving average is $28.29 and its 200-day moving average is $25.59. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 0.41 and a beta of 1.29. Intercorp Financial Services Inc. has a fifty-two week low of $20.56 and a fifty-two week high of $30.59.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, major shareholder Peru Ltd Intercorp purchased 574,071 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was acquired 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 $48,885,851.70. This represents a 30.28 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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.