Banco BTG Pactual S.A. Takes Position in Intercorp Financial Services Inc. (NYSE:IFS)

Banco BTG Pactual S.A. purchased a new position in Intercorp Financial Services Inc. (NYSE:IFS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 64,446 shares of the company’s stock, valued at approximately $1,882,000. Banco BTG Pactual S.A. owned about 0.06% of Intercorp Financial Services at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of IFS. R Squared Ltd acquired a new position in Intercorp Financial Services in the 4th quarter worth about $42,000. Sei Investments Co. bought a new position in Intercorp Financial Services during the fourth quarter valued at approximately $212,000. PDT Partners LLC bought a new position in Intercorp Financial Services during the third quarter valued at approximately $237,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Intercorp Financial Services in the fourth quarter valued at approximately $238,000. Finally, XTX Topco Ltd bought a new stake in Intercorp Financial Services in the third quarter worth approximately $288,000.

Intercorp Financial Services Trading Up 0.9 %

Intercorp Financial Services stock opened at $34.16 on Wednesday. Intercorp Financial Services Inc. has a 1-year low of $20.56 and a 1-year high of $34.60. The firm’s fifty day simple moving average is $31.62 and its 200-day simple moving average is $28.97. The company has a market capitalization of $3.91 billion, a P/E ratio of 11.31, a P/E/G ratio of 0.32 and a beta of 1.24.

Intercorp Financial Services (NYSE:IFS) last posted its earnings results on Wednesday, February 5th. The company reported $1.13 earnings per share for the quarter, beating 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%. On average, equities research analysts predict that Intercorp Financial Services Inc. will post 4.23 earnings per share 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 price of $19.79 per share, with a total value of $11,360,865.09. Following the transaction, the insider now directly owns 2,470,230 shares in the company, valued at approximately $48,885,851.70. The trade was a 30.28 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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.