Intercorp Financial Services (NYSE:IFS) Hits New 12-Month High – What’s Next?

Intercorp Financial Services Inc. (NYSE:IFS) shares reached a new 52-week high on Monday . The company traded as high as $33.70 and last traded at $33.17, with a volume of 558 shares. The stock had previously closed at $33.04.

Intercorp Financial Services Stock Up 0.4 %

The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 11.17, a P/E/G ratio of 0.32 and a beta of 1.24. The business has a 50-day simple moving average of $31.10 and a two-hundred day simple moving average of $28.65.

Intercorp Financial Services (NYSE:IFS) last released its earnings results on Wednesday, February 5th. The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates 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, analysts forecast that Intercorp Financial Services Inc. will post 4.23 EPS for the current year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IFS. Principal Financial Group Inc. increased its holdings in shares of Intercorp Financial Services by 351.5% in the third 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 in the last quarter. Citigroup Inc. increased its holdings in shares of Intercorp Financial Services by 466.7% in the third quarter. Citigroup Inc. now owns 213,392 shares of the company’s stock valued at $5,591,000 after buying an additional 175,734 shares in the last quarter. Mirabella Financial Services LLP bought a new position in shares of Intercorp Financial Services in the third quarter valued at $468,000. PDT Partners LLC bought a new position in shares of Intercorp Financial Services in the third quarter valued at $237,000. Finally, State Street Corp increased its holdings in shares of Intercorp Financial Services by 13.3% in the third quarter. State Street Corp now owns 143,413 shares of the company’s stock valued at $3,747,000 after buying an additional 16,793 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.