American Century Companies Inc. Raises Stake in Intercorp Financial Services Inc. $IFS

American Century Companies Inc. lifted its position in shares of Intercorp Financial Services Inc. (NYSE:IFS) by 62.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 291,491 shares of the company’s stock after buying an additional 112,185 shares during the period. American Century Companies Inc. owned 0.25% of Intercorp Financial Services worth $11,115,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of IFS. Allianz Asset Management GmbH acquired a new position in Intercorp Financial Services in the 2nd quarter valued at $283,000. Jane Street Group LLC acquired a new position in Intercorp Financial Services in the first quarter valued at $287,000. Mackenzie Financial Corp purchased a new position in Intercorp Financial Services during the first quarter worth about $303,000. Sheets Smith Wealth Management acquired a new stake in Intercorp Financial Services in the 2nd quarter worth about $411,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Intercorp Financial Services during the 2nd quarter valued at about $516,000.

Intercorp Financial Services Stock Performance

NYSE:IFS opened at $40.99 on Friday. The firm has a 50-day moving average of $40.80 and a two-hundred day moving average of $38.79. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market cap of $4.69 billion, a P/E ratio of 8.68, a PEG ratio of 0.35 and a beta of 0.86. Intercorp Financial Services Inc. has a 1-year low of $27.97 and a 1-year high of $43.67.

Intercorp Financial Services (NYSE:IFS) last released its quarterly earnings results on Friday, November 7th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.04). The business had revenue of $452.42 million during the quarter, compared to analyst estimates of $441.08 million. Intercorp Financial Services had a return on equity of 17.27% and a net margin of 28.41%. On average, research analysts expect that Intercorp Financial Services Inc. will post 4.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Intercorp Financial Services in a research report on Wednesday, November 26th. Wall Street Zen cut Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. Finally, Zacks Research lowered Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Insider Activity

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

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.