Geode Capital Management LLC Raises Stock Holdings in Intercorp Financial Services Inc. (NYSE:IFS)

Geode Capital Management LLC raised its position in shares of Intercorp Financial Services Inc. (NYSE:IFS) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,799 shares of the company’s stock after buying an additional 401 shares during the quarter. Geode Capital Management LLC’s holdings in Intercorp Financial Services were worth $439,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of IFS. Acadian Asset Management LLC lifted its position in 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 period. Semanteon Capital Management LP bought a new position in shares of Intercorp Financial Services during the third quarter valued at approximately $222,000. PDT Partners LLC purchased a new position in shares of Intercorp Financial Services during the third quarter valued at approximately $237,000. XTX Topco Ltd bought a new stake in shares of Intercorp Financial Services in the 3rd quarter worth approximately $288,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Intercorp Financial Services in the 3rd quarter worth approximately $423,000.

Insider Transactions at Intercorp Financial Services

In other news, major shareholder Peru Ltd Intercorp bought 574,071 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were purchased at an average price of $19.79 per share, for a total transaction of $11,360,865.09. Following the completion of the purchase, the insider now owns 2,470,230 shares in the company, valued at approximately $48,885,851.70. This represents a 30.28 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Intercorp Financial Services Stock Down 2.5 %

IFS stock opened at $28.33 on Monday. The business has a 50 day moving average of $28.56 and a 200 day moving average of $25.95. The firm has a market cap of $3.27 billion, a PE ratio of 11.11, a price-to-earnings-growth ratio of 0.41 and a beta of 1.26. Intercorp Financial Services Inc. has a twelve month low of $20.56 and a twelve 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.

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.