Nipun Capital L.P. Purchases New Position in Intercorp Financial Services Inc. (NYSE:IFS)

Nipun Capital L.P. acquired a new stake in Intercorp Financial Services Inc. (NYSE:IFS) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 11,500 shares of the company’s stock, valued at approximately $337,000. Intercorp Financial Services makes up about 0.2% of Nipun Capital L.P.’s investment portfolio, making the stock its 8th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in Intercorp Financial Services in the fourth quarter valued at approximately $42,000. PDT Partners LLC purchased a new stake in Intercorp Financial Services in the third quarter valued at approximately $237,000. XTX Topco Ltd purchased a new stake in Intercorp Financial Services in the third quarter valued at approximately $288,000. Public Employees Retirement System of Ohio purchased a new stake in Intercorp Financial Services in the third quarter valued at approximately $423,000. Finally, Geode Capital Management LLC lifted its stake in Intercorp Financial Services by 2.4% in the third quarter. Geode Capital Management LLC now owns 16,799 shares of the company’s stock valued at $439,000 after buying an additional 401 shares during the last quarter.

Insider Transactions at Intercorp Financial Services

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

Intercorp Financial Services Price Performance

Intercorp Financial Services stock opened at $33.12 on Monday. Intercorp Financial Services Inc. has a 12 month low of $20.56 and a 12 month high of $33.62. The business has a 50 day simple moving average of $30.93 and a 200-day simple moving average of $28.53. The stock has a market capitalization of $3.79 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 0.32 and a beta of 1.24.

Intercorp Financial Services (NYSE:IFS) last released its quarterly earnings results 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%. As a group, equities research analysts anticipate that Intercorp Financial Services Inc. will post 4.23 EPS for the current year.

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.