Virtu Financial LLC Takes $458,000 Position in Intercorp Financial Services Inc. (NYSE:IFS)

Virtu Financial LLC acquired a new stake in shares of Intercorp Financial Services Inc. (NYSE:IFS) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 19,249 shares of the company’s stock, valued at approximately $458,000.

Other large investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new position in shares of Intercorp Financial Services during the 1st quarter valued at about $31,000. Jump Financial LLC purchased a new stake in shares of Intercorp Financial Services during the 4th quarter worth approximately $255,000. Acadian Asset Management LLC raised its holdings in shares of Intercorp Financial Services by 487.0% during the 1st quarter. Acadian Asset Management LLC now owns 15,145 shares of the company’s stock worth $357,000 after acquiring an additional 12,565 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Intercorp Financial Services during the 1st quarter worth approximately $559,000. Finally, Dodge & Cox purchased a new stake in shares of Intercorp Financial Services during the 4th quarter worth approximately $593,000.

Insider Buying and Selling at Intercorp Financial Services

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp acquired 342,154 shares of the business’s stock in a transaction on Thursday, June 27th. The shares were bought at an average price of $19.67 per share, with a total value of $6,730,169.18. Following the transaction, the insider now directly owns 1,595,688 shares of the company’s stock, valued at approximately $31,387,182.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upped their price objective on Intercorp Financial Services from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th.

Intercorp Financial Services Stock Up 0.2 %

Shares of IFS opened at $22.29 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.54. The business’s 50 day simple moving average is $22.71 and its 200-day simple moving average is $23.84. Intercorp Financial Services Inc. has a 1 year low of $17.94 and a 1 year high of $30.59.

Intercorp Financial Services (NYSE:IFS) last released its earnings results on Monday, May 13th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.21). The company had revenue of $357.25 million for the quarter, compared to the consensus estimate of $434.62 million. Intercorp Financial Services had a net margin of 15.76% and a return on equity of 9.61%. During the same period in the prior year, the firm posted $0.60 EPS. Equities research analysts anticipate that Intercorp Financial Services Inc. will post 3.22 EPS for the current year.

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.