State of New Jersey Common Pension Fund D Grows Position in Intercorp Financial Services Inc. $IFS

State of New Jersey Common Pension Fund D increased its position in Intercorp Financial Services Inc. (NYSE:IFS) by 100.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,764 shares of the company’s stock after buying an additional 21,400 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Intercorp Financial Services were worth $1,631,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Boston Partners boosted its position in Intercorp Financial Services by 4.0% during the 1st quarter. Boston Partners now owns 26,917 shares of the company’s stock valued at $892,000 after buying an additional 1,045 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Intercorp Financial Services by 9.4% during the second quarter. Public Employees Retirement System of Ohio now owns 61,148 shares of the company’s stock worth $2,332,000 after purchasing an additional 5,244 shares during the period. Quantbot Technologies LP grew its stake in shares of Intercorp Financial Services by 50.2% in the first quarter. Quantbot Technologies LP now owns 16,404 shares of the company’s stock worth $543,000 after purchasing an additional 5,481 shares during the last quarter. Allianz Asset Management GmbH purchased a new position in Intercorp Financial Services during the 2nd quarter valued at about $283,000. Finally, Jane Street Group LLC purchased a new position in Intercorp Financial Services during the 1st quarter valued at about $287,000.

Insider Activity

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp purchased 20,113 shares of the stock in a transaction that occurred on Wednesday, September 24th. The stock was bought at an average cost of $19.64 per share, with a total value of $395,019.32. Following the transaction, the insider directly owned 3,093,612 shares in the company, valued at approximately $60,758,539.68. The trade was a 0.65% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on IFS shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Intercorp Financial Services in a research report on Wednesday, October 8th. Zacks Research cut shares of Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Finally, Wall Street Zen upgraded shares of 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Intercorp Financial Services Price Performance

IFS opened at $43.06 on Monday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.61. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 9.57, a price-to-earnings-growth ratio of 0.38 and a beta of 1.12. The stock has a fifty day simple moving average of $40.75 and a two-hundred day simple moving average of $37.68. Intercorp Financial Services Inc. has a 12-month low of $25.77 and a 12-month high of $43.34.

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.