Intercorp Financial Services (NYSE:IFS) Sets New 12-Month High – Should You Buy?

Shares of Intercorp Financial Services Inc. (NYSE:IFS) hit a new 52-week high on Friday . The stock traded as high as $33.48 and last traded at $33.39, with a volume of 36070 shares traded. The stock had previously closed at $32.92.

Intercorp Financial Services Trading Up 1.0 %

The firm has a 50-day moving average of $29.76 and a two-hundred day moving average of $27.20. The firm has a market capitalization of $3.80 billion, a P/E ratio of 11.01, a P/E/G ratio of 0.30 and a beta of 1.26.

Intercorp Financial Services (NYSE:IFS) last posted its earnings results on Wednesday, February 5th. The company reported $1.13 EPS for the quarter, topping 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%. On average, sell-side analysts anticipate that Intercorp Financial Services Inc. will post 4.19 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Peru Ltd Intercorp purchased 574,071 shares of Intercorp Financial Services stock in a transaction dated Thursday, December 26th. The shares were bought at an average cost of $19.79 per share, for a total transaction of $11,360,865.09. Following the completion of the acquisition, the insider now owns 2,470,230 shares in the company, valued at approximately $48,885,851.70. This trade represents a 30.28 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Investors Weigh In On Intercorp Financial Services

Several hedge funds have recently added to or reduced their stakes in IFS. R Squared Ltd acquired a new position in Intercorp Financial Services during the 4th quarter worth about $42,000. Employees Retirement System of Texas acquired a new position in shares of Intercorp Financial Services in the fourth quarter worth approximately $1,549,000. Sei Investments Co. bought a new stake in Intercorp Financial Services in the fourth quarter valued at approximately $212,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Intercorp Financial Services during the 4th quarter valued at approximately $238,000. Finally, Semanteon Capital Management LP bought a new position in Intercorp Financial Services during the 3rd quarter worth approximately $222,000.

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.