7,423 Shares in Intercorp Financial Services Inc. $IFS Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH bought a new position in Intercorp Financial Services Inc. (NYSE:IFS) during the second quarter, according to its most recent filing with the SEC. The firm bought 7,423 shares of the company’s stock, valued at approximately $283,000.

A number of other institutional investors and hedge funds have also bought and sold shares of IFS. Acadian Asset Management LLC raised its position in Intercorp Financial Services by 93.9% in the 1st quarter. Acadian Asset Management LLC now owns 864,090 shares of the company’s stock valued at $28,593,000 after buying an additional 418,351 shares during the last quarter. Fourth Sail Capital LP purchased a new stake in shares of Intercorp Financial Services during the 1st quarter valued at $8,543,000. Helikon Investments Ltd increased its position 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 purchasing an additional 213,392 shares during the last quarter. Driehaus Capital Management LLC increased its position in shares of Intercorp Financial Services by 90.4% during the 1st quarter. Driehaus Capital Management LLC now owns 318,065 shares of the company’s stock valued at $10,537,000 after purchasing an additional 151,027 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Intercorp Financial Services by 262.6% during the 1st quarter. American Century Companies Inc. now owns 179,306 shares of the company’s stock valued at $5,940,000 after purchasing an additional 129,857 shares during the last quarter.

Intercorp Financial Services Stock Performance

Shares of IFS opened at $42.02 on Wednesday. The stock has a 50-day moving average price of $40.52 and a 200-day moving average price of $37.37. The company has a market cap of $4.81 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 0.37 and a beta of 1.14. Intercorp Financial Services Inc. has a 12-month low of $25.77 and a 12-month high of $42.35. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.61.

Insiders Place Their Bets

In related news, major shareholder Peru Ltd Intercorp purchased 7,125 shares of the firm’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 purchase, the insider directly owned 3,100,737 shares of the company’s stock, valued at approximately $60,929,482.05. This trade represents a 0.23% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Analysts Set New Price Targets

Several brokerages have recently issued reports on IFS. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercorp Financial Services in a research report on Wednesday, October 8th. Zacks Research lowered Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Finally, Wall Street Zen raised Intercorp Financial Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Intercorp Financial Services has a consensus rating of “Moderate Buy”.

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.