Teacher Retirement System of Texas Has $1.68 Million Stock Holdings in Intercorp Financial Services Inc. (NYSE:IFS)

Teacher Retirement System of Texas reduced its stake in Intercorp Financial Services Inc. (NYSE:IFS) by 0.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,631 shares of the company’s stock after selling 381 shares during the quarter. Teacher Retirement System of Texas’ holdings in Intercorp Financial Services were worth $1,677,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC raised its holdings in shares of Intercorp Financial Services by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 17,332 shares of the company’s stock valued at $509,000 after purchasing an additional 533 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Intercorp Financial Services by 4.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,700 shares of the company’s stock worth $2,602,000 after acquiring an additional 3,500 shares in the last quarter. Pictet Asset Management Holding SA boosted its position in shares of Intercorp Financial Services by 13.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 34,500 shares of the company’s stock worth $1,012,000 after acquiring an additional 4,100 shares in the last quarter. Employees Retirement System of Texas bought a new position in Intercorp Financial Services in the 4th quarter valued at approximately $1,549,000. Finally, Jump Financial LLC lifted its stake in Intercorp Financial Services by 42.8% in the 4th quarter. Jump Financial LLC now owns 18,091 shares of the company’s stock valued at $531,000 after purchasing an additional 5,423 shares during the last quarter.

Insider Activity

In other news, major shareholder Peru Ltd Intercorp bought 12,729 shares of the stock in a transaction on Tuesday, June 24th. The shares were acquired at an average cost of $19.64 per share, for a total transaction of $249,997.56. Following the purchase, the insider directly owned 2,928,964 shares of the company’s stock, valued at $57,524,852.96. This trade represents a 0.44% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Intercorp Financial Services Stock Down 1.4%

Shares of NYSE IFS opened at $36.64 on Friday. The stock has a market capitalization of $4.19 billion, a P/E ratio of 9.77, a P/E/G ratio of 0.35 and a beta of 1.16. The company has a 50-day moving average price of $36.03 and a 200-day moving average price of $32.96. Intercorp Financial Services Inc. has a 1 year low of $21.40 and a 1 year high of $38.65. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.12 and a quick ratio of 1.12.

Intercorp Financial Services (NYSE:IFS) last released 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. The company had revenue of $382.57 million for the quarter, compared to analyst estimates of $1.35 billion. Intercorp Financial Services had a net margin of 24.51% and a return on equity of 15.04%. On average, equities research analysts forecast that Intercorp Financial Services Inc. will post 4.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Intercorp Financial Services from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 8th.

Intercorp Financial Services Company 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.