William Blair Investment Management LLC Buys 84,169 Shares of Intercorp Financial Services Inc. $IFS

William Blair Investment Management LLC boosted its stake in shares of Intercorp Financial Services Inc. (NYSE:IFS) by 81.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,534 shares of the company’s stock after buying an additional 84,169 shares during the quarter. William Blair Investment Management LLC owned approximately 0.16% of Intercorp Financial Services worth $7,151,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Helikon Investments Ltd lifted its holdings in Intercorp Financial Services by 21.9% during the 1st quarter. Helikon Investments Ltd now owns 1,188,211 shares of the company’s stock valued at $39,365,000 after buying an additional 213,392 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Intercorp Financial Services by 93.9% during the 1st quarter. Acadian Asset Management LLC now owns 864,090 shares of the company’s stock valued at $28,593,000 after buying an additional 418,351 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Intercorp Financial Services by 4.0% during the 1st quarter. Principal Financial Group Inc. now owns 396,356 shares of the company’s stock valued at $13,131,000 after buying an additional 15,087 shares in the last quarter. Lord Abbett & CO. LLC lifted its holdings in Intercorp Financial Services by 15.5% during the 1st quarter. Lord Abbett & CO. LLC now owns 323,666 shares of the company’s stock valued at $10,723,000 after buying an additional 43,535 shares in the last quarter. Finally, Driehaus Capital Management LLC lifted its holdings in Intercorp Financial Services by 90.4% during the 1st quarter. Driehaus Capital Management LLC now owns 318,065 shares of the company’s stock valued at $10,537,000 after buying an additional 151,027 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Zacks Research lowered shares of Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Wall Street Zen upgraded shares of Intercorp Financial Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 16th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Intercorp Financial Services in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Intercorp Financial Services currently has an average rating of “Moderate Buy”.

Insider Activity

In other news, major shareholder Peru Ltd Intercorp acquired 20,113 shares of the business’s stock in a transaction dated Wednesday, September 24th. The shares were purchased at an average price of $19.64 per share, with a total value of $395,019.32. Following the transaction, the insider directly owned 3,093,612 shares in the company, valued at approximately $60,758,539.68. This represents a 0.65% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Intercorp Financial Services Trading Up 0.6%

NYSE:IFS opened at $41.14 on Tuesday. Intercorp Financial Services Inc. has a one year low of $25.77 and a one year high of $42.21. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $4.71 billion, a P/E ratio of 9.14, a P/E/G ratio of 0.36 and a beta of 1.14. The firm has a 50-day simple moving average of $40.21 and a 200-day simple moving average of $36.90.

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.