Fourth Sail Capital LP Buys 201,100 Shares of Intercorp Financial Services Inc. $IFS

Fourth Sail Capital LP raised its stake in shares of Intercorp Financial Services Inc. (NYSE:IFS) by 78.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 458,974 shares of the company’s stock after purchasing an additional 201,100 shares during the period. Intercorp Financial Services makes up 3.6% of Fourth Sail Capital LP’s portfolio, making the stock its 13th biggest position. Fourth Sail Capital LP’s holdings in Intercorp Financial Services were worth $17,501,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in shares of 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. New York State Common Retirement Fund lifted its stake in Intercorp Financial Services by 111.9% during the first quarter. New York State Common Retirement Fund now owns 51,724 shares of the company’s stock worth $1,714,000 after purchasing an additional 27,309 shares during the last quarter. Mackenzie Financial Corp bought a new position in shares of Intercorp Financial Services during the 1st quarter valued at about $303,000. Helikon Investments Ltd raised its holdings in shares of 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. Finally, Nuveen LLC purchased a new position in shares of Intercorp Financial Services during the 1st quarter valued at about $1,067,000.

Intercorp Financial Services Trading Down 3.7%

IFS opened at $41.99 on Monday. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 0.37 and a beta of 1.12. Intercorp Financial Services Inc. has a one year low of $26.61 and a one year high of $43.67. The business has a 50 day simple moving average of $41.07 and a two-hundred day simple moving average of $38.07. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.12 and a quick ratio of 1.12.

Intercorp Financial Services (NYSE:IFS) last announced its quarterly earnings results on Thursday, November 6th. The company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.04). Intercorp Financial Services had a return on equity of 17.27% and a net margin of 28.41%.The business had revenue of $486.96 million during the quarter, compared to analysts’ expectations of $441.08 million. Analysts predict that Intercorp Financial Services Inc. will post 4.23 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder Peru Ltd Intercorp acquired 7,125 shares of the business’s stock in a transaction on Tuesday, October 21st. The shares were acquired at an average cost of $19.65 per share, with a total value of $140,006.25. Following the transaction, the insider owned 3,100,737 shares in the company, valued at $60,929,482.05. The trade was a 0.23% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Wall Street Zen upgraded shares of Intercorp Financial Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Intercorp Financial Services in a report on Wednesday, October 8th. Finally, Zacks Research cut Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Intercorp Financial Services 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.