24,415 Shares in Intercorp Financial Services Inc. (NYSE:IFS) Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund bought a new position in shares of Intercorp Financial Services Inc. (NYSE:IFS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 24,415 shares of the company’s stock, valued at approximately $716,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IFS. Geode Capital Management LLC raised its stake in shares of Intercorp Financial Services by 2.4% in the third quarter. Geode Capital Management LLC now owns 16,799 shares of the company’s stock valued at $439,000 after acquiring an additional 401 shares in the last quarter. R Squared Ltd purchased a new stake in Intercorp Financial Services during the 4th quarter worth about $42,000. PDT Partners LLC acquired a new stake in Intercorp Financial Services in the 3rd quarter valued at about $237,000. XTX Topco Ltd purchased a new position in shares of Intercorp Financial Services in the 3rd quarter valued at about $288,000. Finally, Lord Abbett & CO. LLC grew its position in shares of Intercorp Financial Services by 6.1% during the third quarter. Lord Abbett & CO. LLC now owns 201,309 shares of the company’s stock worth $5,260,000 after buying an additional 11,612 shares in the last quarter.

Insider Buying and Selling at Intercorp Financial Services

In related news, major shareholder Peru Ltd Intercorp bought 574,071 shares of the stock in a transaction dated Thursday, December 26th. The stock was acquired at an average price of $19.79 per share, for a total transaction of $11,360,865.09. Following the acquisition, 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 the SEC website.

Intercorp Financial Services Stock Performance

IFS stock opened at $32.18 on Tuesday. Intercorp Financial Services Inc. has a fifty-two week low of $20.56 and a fifty-two week high of $33.62. The company’s 50 day moving average price is $30.43 and its 200 day moving average price is $28.01. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 0.32 and a beta of 1.26.

Intercorp Financial Services (NYSE:IFS) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.19. Intercorp Financial Services had a net margin of 21.03% and a return on equity of 12.38%. Equities analysts forecast that Intercorp Financial Services Inc. will post 4.23 EPS for the current fiscal year.

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.