Intercorp Financial Services (NYSE:IFS) Hits New 12-Month High – Time to Buy?

Intercorp Financial Services Inc. (NYSE:IFS)’s stock price reached a new 52-week high on Monday . The stock traded as high as $35.90 and last traded at $29.29, with a volume of 251 shares. The stock had previously closed at $29.78.

Intercorp Financial Services Price Performance

The company has a market capitalization of $3.42 billion, a P/E ratio of 11.76, a PEG ratio of 0.27 and a beta of 1.26. The company has a fifty day moving average price of $28.99 and a two-hundred day moving average price of $26.60.

Insider Buying and Selling

In related news, major shareholder Peru Ltd Intercorp acquired 574,071 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were bought at an average cost of $19.79 per share, with a total value of $11,360,865.09. Following the completion of the purchase, the insider now directly owns 2,470,230 shares in the company, 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 document filed with the SEC, which is available at this link.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC purchased a new position in shares of Intercorp Financial Services during the 2nd quarter valued at $387,000. Semanteon Capital Management LP purchased a new position in shares of Intercorp Financial Services during the 3rd quarter valued at $222,000. Helikon Investments Ltd lifted its position in shares of Intercorp Financial Services by 24.8% during the 3rd quarter. Helikon Investments Ltd now owns 974,819 shares of the company’s stock valued at $25,472,000 after buying an additional 193,474 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Intercorp Financial Services by 351.5% during the 3rd quarter. Principal Financial Group Inc. now owns 231,269 shares of the company’s stock valued at $6,043,000 after buying an additional 180,043 shares during the last quarter. Finally, Citigroup Inc. lifted its holdings in Intercorp Financial Services by 466.7% during the 3rd quarter. Citigroup Inc. now owns 213,392 shares of the company’s stock worth $5,591,000 after purchasing an additional 175,734 shares in the last quarter.

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.