Several hedge funds have recently changed their stakes in Intercorp Financial Services. Marshall Wace LLP increased its shares by 544.1%, owning 84,377 shares worth $1.89 million after buying 71,277 additional shares. Acadian Asset Management raised its stake by 44.9%, now holding 21,952 shares worth $490,000 after acquiring 6,807 more shares. Helikon Investments boosted its shares by 208.5%, owning 781,345 shares valued at $17.51 million after adding 528,099 shares. Virtu Financial bought a new stake valued at about $458,000 in the first quarter, and Absolute Gestao de Investimentos acquired a position worth approximately $1.47 million in the same period.
Wall Street Analyst Updates
JPMorgan Chase lowered its target price for Intercorp Financial Services from $31.00 to $30.00 while maintaining an “overweight” rating in a report dated September 12.
Check Out Our Latest Research Report on Intercorp Financial Services
Insider Transactions
On September 27, major shareholder Peru Ltd Intercorp purchased 247,311 shares at an average price of $19.65 each, totaling about $4.86 million. They now own 1,842,999 shares valued at around $36.21 million. This purchase did not change their overall position significantly. The transaction was reported to the SEC.
Current Stock Performance
Intercorp Financial Services opened at $27.16. It has a 50-day moving average of $24.19 and a 200-day average of $23.35. The company’s market cap is $3.13 billion, with a P/E ratio of 12.23. Its shares have fluctuated between a low of $17.94 and a high of $30.59 in the past year. The latest earnings report showed $0.66 per share, exceeding analysts’ expectations of $0.57.
Company Overview
Intercorp Financial Services Inc. provides banking, insurance, and wealth management services in Peru, offering loans, deposits, life insurance, and investment management.
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