Intercorp Financial Services (NYSE:IFS) Hits New 52-Week High – Should You Buy?

Intercorp Financial Services Inc. (NYSE:IFS)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $33.48 and last traded at $33.39, with a volume of 36070 shares. The stock had previously closed at $32.92.

Intercorp Financial Services Stock Up 0.7 %

The stock’s 50-day moving average price is $29.68 and its 200 day moving average price is $27.12. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 0.30 and a beta of 1.26.

Intercorp Financial Services (NYSE:IFS) last posted its earnings results on Wednesday, February 5th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.19. Intercorp Financial Services had a net margin of 21.03% and a return on equity of 12.38%. On average, sell-side analysts anticipate that Intercorp Financial Services Inc. will post 4.19 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder Peru Ltd Intercorp purchased 13,445 shares of the stock in a transaction dated Monday, December 2nd. The stock was acquired at an average cost of $19.71 per share, for a total transaction of $265,000.95. Following the completion of the transaction, the insider now directly owns 1,896,159 shares in the company, valued at approximately $37,373,293.89. This represents a 0.71 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Hedge Funds Weigh In On Intercorp Financial Services

Institutional investors have recently bought and sold shares of the company. Mirabella Financial Services LLP grew its holdings in shares of Intercorp Financial Services by 614.1% in the fourth quarter. Mirabella Financial Services LLP now owns 127,797 shares of the company’s stock valued at $3,750,000 after purchasing an additional 109,900 shares in the last quarter. Marshall Wace LLP boosted its position in Intercorp Financial Services by 115.3% in the 4th quarter. Marshall Wace LLP now owns 172,118 shares of the company’s stock valued at $5,050,000 after buying an additional 92,188 shares during the period. Jump Financial LLC increased its position in shares of Intercorp Financial Services by 42.8% during the fourth quarter. Jump Financial LLC now owns 18,091 shares of the company’s stock worth $531,000 after acquiring an additional 5,423 shares during the period. XTX Topco Ltd increased its position in shares of Intercorp Financial Services by 99.0% during the fourth quarter. XTX Topco Ltd now owns 21,912 shares of the company’s stock worth $643,000 after acquiring an additional 10,900 shares during the period. Finally, Employees Retirement System of Texas acquired a new stake in shares of Intercorp Financial Services in the fourth quarter valued at $1,549,000.

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.