Intercorp Financial Services (NYSE:IFS) Reaches New 1-Year High – Should You Buy?

Intercorp Financial Services Inc. (NYSE:IFS)’s stock price reached a new 52-week high on Monday . The stock traded as high as $35.90 and last traded at $29.29, with a volume of 251 shares changing hands. The stock had previously closed at $29.78.

Intercorp Financial Services Trading Up 0.2 %

The firm has a fifty day simple moving average of $28.99 and a two-hundred day simple moving average of $26.60. The stock has a market cap of $3.42 billion, a PE ratio of 11.76, a PEG ratio of 0.27 and a beta of 1.26.

Insider Activity

In related news, major shareholder Peru Ltd Intercorp purchased 574,071 shares of Intercorp Financial Services stock in a transaction that occurred on Thursday, December 26th. The shares were acquired at an average cost of $19.79 per share, for a total transaction of $11,360,865.09. Following the transaction, the insider now directly owns 2,470,230 shares in the company, valued at $48,885,851.70. The trade was a 30.28 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Hedge Funds Weigh In On Intercorp Financial Services

Several institutional investors and hedge funds have recently bought and sold shares of the stock. New York State Common Retirement Fund bought a new position in Intercorp Financial Services during the 4th quarter worth approximately $716,000. Principal Financial Group Inc. grew its position in shares of Intercorp Financial Services by 64.9% in the 4th quarter. Principal Financial Group Inc. now owns 381,269 shares of the company’s stock worth $11,186,000 after buying an additional 150,000 shares during the last quarter. R Squared Ltd bought a new stake in shares of Intercorp Financial Services in the 4th quarter worth approximately $42,000. Lord Abbett & CO. LLC grew its position in shares of Intercorp Financial Services by 6.1% in the 3rd quarter. Lord Abbett & CO. LLC now owns 201,309 shares of the company’s stock worth $5,260,000 after buying an additional 11,612 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Intercorp Financial Services by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 16,799 shares of the company’s stock worth $439,000 after buying an additional 401 shares during the last quarter.

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.