JPMorgan Chase & Co. Sells 12,650 Shares of Intercorp Financial Services Inc. (NYSE:IFS)

JPMorgan Chase & Co. lessened its holdings in shares of Intercorp Financial Services Inc. (NYSE:IFS) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 288,295 shares of the company’s stock after selling 12,650 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.25% of Intercorp Financial Services worth $7,533,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IFS. Semanteon Capital Management LP bought a new stake in shares of Intercorp Financial Services during the 3rd quarter worth $222,000. PDT Partners LLC acquired a new position in Intercorp Financial Services during the 3rd quarter worth $237,000. XTX Topco Ltd bought a new stake in Intercorp Financial Services during the third quarter valued at about $288,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Intercorp Financial Services in the second quarter valued at about $387,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Intercorp Financial Services in the third quarter worth about $423,000.

Intercorp Financial Services Stock Performance

IFS opened at $29.09 on Wednesday. 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 stock’s 50 day moving average price is $28.64 and its two-hundred day moving average price is $26.04. The firm has a market capitalization of $3.36 billion, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 0.41 and a beta of 1.26. Intercorp Financial Services Inc. has a 12-month low of $20.56 and a 12-month high of $30.59.

Insider Transactions at Intercorp Financial Services

In related news, major shareholder Peru Ltd Intercorp acquired 574,071 shares of the stock in a transaction on Thursday, December 26th. The stock was purchased at an average price of $19.79 per share, for a total transaction of $11,360,865.09. Following the transaction, 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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.