Several hedge funds have changed their stakes in Intercorp Financial Services. Marshall Wace LLP increased its shares by 544.1%, now holding 84,377 shares valued at $1.89 million. Acadian Asset Management LLC raised its stake by 44.9%, owning 21,952 shares worth $490,000. Helikon Investments Ltd boosted its stake by 208.5%, now owning 781,345 shares valued at $17.51 million. Virtu Financial LLC and Absolute Gestao de Investimentos Ltda. also made new investments, valued at $458,000 and $1.47 million respectively.
Wall Street Analyst Insights
JPMorgan Chase & Co. lowered its target price for Intercorp Financial Services from $31 to $30, maintaining an “overweight” rating as of September 12.
Check Out Our Latest Research Report on Intercorp Financial Services
Insider Activity
On September 27, major shareholder Peru Ltd Intercorp bought 247,311 shares for $4.86 million, averaging $19.65 each. They now own 1,842,999 shares worth about $36.21 million. The purchase was filed with the SEC.
Stock Performance
Intercorp Financial Services (IFS) opened at $27.16. It has a market cap of $3.13 billion, a P/E ratio of 12.23, and a 52-week low of $17.94 and a high of $30.59. Recently, it reported $0.66 earnings per share, beating the expected $0.57.
Company Overview
Intercorp Financial Services, along with its subsidiaries, provides banking, insurance, wealth management, and payment services to clients in Peru.
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