Cubist Systematic Strategies LLC Grows Stock Holdings in Intercorp Financial Services Inc. (NYSE:IFS)

Cubist Systematic Strategies LLC lifted its position in shares of Intercorp Financial Services Inc. (NYSE:IFS) by 120.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 34,236 shares of the company’s stock after purchasing an additional 18,722 shares during the period. Cubist Systematic Strategies LLC’s holdings in Intercorp Financial Services were worth $1,004,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of IFS. Sagil Capital LLP purchased a new stake in shares of Intercorp Financial Services during the 4th quarter worth $9,064,000. Principal Financial Group Inc. lifted its position in shares of Intercorp Financial Services by 64.9% during the 4th quarter. Principal Financial Group Inc. now owns 381,269 shares of the company’s stock worth $11,186,000 after purchasing an additional 150,000 shares during the last quarter. Mirabella Financial Services LLP lifted its position in shares of Intercorp Financial Services by 614.1% during the 4th quarter. Mirabella Financial Services LLP now owns 127,797 shares of the company’s stock worth $3,750,000 after purchasing an additional 109,900 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Intercorp Financial Services by 115.3% during the 4th quarter. Marshall Wace LLP now owns 172,118 shares of the company’s stock worth $5,050,000 after purchasing an additional 92,188 shares during the last quarter. Finally, Lord Abbett & CO. LLC lifted its position in shares of Intercorp Financial Services by 39.2% during the 4th quarter. Lord Abbett & CO. LLC now owns 280,131 shares of the company’s stock worth $8,219,000 after purchasing an additional 78,822 shares during the last quarter.

Insider Activity at Intercorp Financial Services

In related news, major shareholder Peru Ltd Intercorp purchased 320,237 shares of Intercorp Financial Services stock in a transaction that occurred on Wednesday, April 23rd. The stock was purchased at an average cost of $19.59 per share, with a total value of $6,273,442.83. Following the completion of the transaction, the insider now directly owns 2,909,571 shares in the company, valued at approximately $56,998,495.89. The trade was a 12.37% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Intercorp Financial Services Trading Up 1.4%

Intercorp Financial Services stock opened at $35.40 on Thursday. Intercorp Financial Services Inc. has a 12-month low of $21.40 and a 12-month high of $36.00. The stock has a market cap of $4.05 billion, a P/E ratio of 11.72, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. The company has a fifty day simple moving average of $32.71 and a 200-day simple moving average of $30.63.

Intercorp Financial Services (NYSE:IFS) last announced its quarterly earnings results on Thursday, May 8th. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.17. Intercorp Financial Services had a net margin of 21.03% and a return on equity of 12.38%. The firm had revenue of $382.57 million during the quarter, compared to analysts’ expectations of $1.35 billion. As a group, sell-side analysts forecast that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current fiscal year.

Intercorp Financial Services Dividend Announcement

The business also recently declared an annual dividend, which was paid on Monday, May 5th. Investors of record on Thursday, April 24th were given a $1.00 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a yield of 3%. Intercorp Financial Services’s dividend payout ratio (DPR) is presently 25.33%.

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.