Geode Capital Management LLC Buys 533 Shares of Intercorp Financial Services Inc. (NYSE:IFS)

Geode Capital Management LLC grew its stake in Intercorp Financial Services Inc. (NYSE:IFS) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,332 shares of the company’s stock after acquiring an additional 533 shares during the period. Geode Capital Management LLC’s holdings in Intercorp Financial Services were worth $509,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. R Squared Ltd purchased a new position in Intercorp Financial Services during the fourth quarter valued at approximately $42,000. Pictet Asset Management Holding SA boosted its position in Intercorp Financial Services by 13.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 34,500 shares of the company’s stock valued at $1,012,000 after purchasing an additional 4,100 shares in the last quarter. Sei Investments Co. purchased a new position in Intercorp Financial Services in the fourth quarter valued at about $212,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Intercorp Financial Services in the fourth quarter worth about $238,000. Finally, Quantbot Technologies LP lifted its position in shares of Intercorp Financial Services by 314.4% during the fourth quarter. Quantbot Technologies LP now owns 10,923 shares of the company’s stock valued at $320,000 after buying an additional 8,287 shares during the last quarter.

Insider Buying and Selling at Intercorp Financial Services

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp purchased 77,988 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were bought at an average price of $19.58 per share, for a total transaction of $1,527,005.04. Following the acquisition, the insider now owns 2,589,334 shares in the company, valued at $50,699,159.72. This represents a 3.11 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Intercorp Financial Services Stock Up 1.9 %

NYSE IFS opened at $34.39 on Friday. Intercorp Financial Services Inc. has a 52 week low of $21.40 and a 52 week high of $34.60. The company has a 50 day moving average price of $32.28 and a 200 day moving average price of $30.21. The firm has a market cap of $3.94 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 0.32 and a beta of 1.18.

Intercorp Financial Services (NYSE:IFS) last announced its earnings results on Wednesday, February 5th. The company reported $1.13 earnings per share 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%. On average, equities research analysts anticipate that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current fiscal year.

Intercorp Financial Services Announces Dividend

The business also recently announced an annual dividend, which will be paid on Monday, May 5th. Shareholders of record on Thursday, April 24th will be given a dividend of $1.00 per share. This represents a yield of 3%. The ex-dividend date is Wednesday, April 23rd. Intercorp Financial Services’s dividend payout ratio is presently 31.46%.

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.