Mirabella Financial Services LLP Purchases Shares of 17,897 Intercorp Financial Services Inc. (NYSE:IFS)

Mirabella Financial Services LLP purchased a new stake in shares of Intercorp Financial Services Inc. (NYSE:IFS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 17,897 shares of the company’s stock, valued at approximately $468,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. bought a new position in Intercorp Financial Services during the first quarter valued at about $31,000. Semanteon Capital Management LP bought a new stake in Intercorp Financial Services in the third quarter worth about $222,000. Cubist Systematic Strategies LLC acquired a new stake in Intercorp Financial Services in the 2nd quarter valued at about $387,000. Virtu Financial LLC bought a new position in shares of Intercorp Financial Services during the 1st quarter valued at about $458,000. Finally, Acadian Asset Management LLC boosted its position in shares of Intercorp Financial Services by 44.9% during the 2nd quarter. Acadian Asset Management LLC now owns 21,952 shares of the company’s stock valued at $490,000 after purchasing an additional 6,807 shares in the last quarter.

Intercorp Financial Services Stock Performance

Shares of NYSE:IFS opened at $28.23 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.56. The stock has a fifty day moving average of $26.92 and a 200-day moving average of $24.45. Intercorp Financial Services Inc. has a one year low of $18.60 and a one year high of $30.59.

Insider Transactions at Intercorp Financial Services

In related news, major shareholder Peru Ltd Intercorp purchased 247,311 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was acquired at an average price of $19.65 per share, for a total transaction of $4,859,661.15. Following the transaction, the insider now directly owns 1,842,999 shares of the company’s stock, valued at $36,214,930.35. This trade represents a 15.50 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

Wall Street Analyst Weigh In

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

About Intercorp Financial Services

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.