PDT Partners LLC Makes New Investment in Intercorp Financial Services Inc. (NYSE:IFS)

PDT Partners LLC purchased a new position in Intercorp Financial Services Inc. (NYSE:IFS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,071 shares of the company’s stock, valued at approximately $237,000.

A number of other large investors have also bought and sold shares of the stock. Acadian Asset Management LLC increased its stake in Intercorp Financial Services by 44.9% in the 2nd quarter. Acadian Asset Management LLC now owns 21,952 shares of the company’s stock worth $490,000 after purchasing an additional 6,807 shares during the period. Semanteon Capital Management LP purchased a new position in shares of Intercorp Financial Services during the third quarter valued at approximately $222,000. Cubist Systematic Strategies LLC purchased a new position in shares of Intercorp Financial Services during the second quarter valued at approximately $387,000. Mirabella Financial Services LLP purchased a new position in shares of Intercorp Financial Services during the third quarter valued at approximately $468,000. Finally, Marshall Wace LLP increased its stake in shares of Intercorp Financial Services by 544.1% during the second quarter. Marshall Wace LLP now owns 84,377 shares of the company’s stock valued at $1,891,000 after buying an additional 71,277 shares during the period.

Intercorp Financial Services Stock Up 0.7 %

NYSE IFS opened at $28.40 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.12 and a current ratio of 1.12. Intercorp Financial Services Inc. has a twelve month low of $18.60 and a twelve month high of $30.59. The stock’s 50 day moving average is $27.31 and its 200 day moving average is $24.66.

Insiders Place Their Bets

In related news, major shareholder Peru Ltd Intercorp bought 247,311 shares of the company’s stock in a transaction on Friday, September 27th. The shares were acquired at an average cost of $19.65 per share, with a total value of $4,859,661.15. Following the completion of the acquisition, the insider now owns 1,842,999 shares of the company’s stock, valued at $36,214,930.35. The trade was a 15.50 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their target price on Intercorp Financial Services from $31.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th.

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.