Los Angeles Capital Management LLC Acquires New Holdings in Intercorp Financial Services Inc. (NYSE:IFS)

Los Angeles Capital Management LLC bought a new position in Intercorp Financial Services Inc. (NYSE:IFS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 42,451 shares of the company’s stock, valued at approximately $1,246,000.

A number of other hedge funds have also added to or reduced their stakes in IFS. R Squared Ltd bought a new position in shares of Intercorp Financial Services in the 4th quarter worth approximately $42,000. PDT Partners LLC purchased a new stake in Intercorp Financial Services during the third quarter valued at approximately $237,000. XTX Topco Ltd bought a new position in Intercorp Financial Services in the third quarter worth approximately $288,000. Public Employees Retirement System of Ohio purchased a new position in shares of Intercorp Financial Services during the 3rd quarter worth $423,000. Finally, Geode Capital Management LLC grew its position in shares of Intercorp Financial Services by 2.4% during the 3rd 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 during the period.

Intercorp Financial Services Price Performance

NYSE:IFS opened at $32.08 on Friday. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 10.62, a price-to-earnings-growth ratio of 0.32 and a beta of 1.26. The business has a fifty day moving average price of $30.37 and a 200-day moving average price of $27.91. Intercorp Financial Services Inc. has a one year low of $20.56 and a one year high of $33.62.

Intercorp Financial Services (NYSE:IFS) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.94 by $0.19. Intercorp Financial Services had a return on equity of 12.38% and a net margin of 21.03%. On average, equities research analysts expect that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Peru Ltd Intercorp bought 574,071 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was bought at an average price of $19.79 per share, with a total value of $11,360,865.09. Following the acquisition, the insider now owns 2,470,230 shares of the company’s stock, valued at approximately $48,885,851.70. This represents a 30.28 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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.