Jane Street Group LLC Purchases New Holdings in Intercorp Financial Services Inc. (NYSE:IFS)

Jane Street Group LLC bought a new position in shares of Intercorp Financial Services Inc. (NYSE:IFS) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 17,101 shares of the company’s stock, valued at approximately $447,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its stake in Intercorp Financial Services by 44.9% in the second quarter. Acadian Asset Management LLC now owns 21,952 shares of the company’s stock valued at $490,000 after buying an additional 6,807 shares during the period. Semanteon Capital Management LP acquired a new stake in Intercorp Financial Services during the third quarter worth approximately $222,000. PDT Partners LLC acquired a new position in shares of Intercorp Financial Services in the third quarter valued at approximately $237,000. State Street Corp grew its holdings in Intercorp Financial Services by 13.3% in the 3rd quarter. State Street Corp now owns 143,413 shares of the company’s stock valued at $3,747,000 after buying an additional 16,793 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Intercorp Financial Services during the second quarter worth about $387,000.

Intercorp Financial Services Price Performance

IFS stock opened at $29.28 on Tuesday. The company’s 50-day moving average price is $28.41 and its two-hundred day moving average price is $25.75. Intercorp Financial Services Inc. has a 12 month low of $20.56 and a 12 month high of $30.59. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.56. The firm has a market cap of $3.38 billion, a P/E ratio of 11.48, a P/E/G ratio of 0.41 and a beta of 1.26.

Insider Buying and Selling at Intercorp Financial Services

In related news, major shareholder Peru Ltd Intercorp bought 574,071 shares of the company’s stock in a transaction dated Thursday, December 26th. The stock was purchased at an average price of $19.79 per share, with a total value of $11,360,865.09. Following the completion of the acquisition, the insider now owns 2,470,230 shares of the company’s stock, valued at $48,885,851.70. The trade was a 30.28 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, 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 for the company in a research report on Thursday, September 12th.

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.