Intercorp Financial Services Inc. (NYSE:IFS) Shares Acquired by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC boosted its position in shares of Intercorp Financial Services Inc. (NYSE:IFS) by 6.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 201,309 shares of the company’s stock after buying an additional 11,612 shares during the quarter. Lord Abbett & CO. LLC’s holdings in Intercorp Financial Services were worth $5,260,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Helikon Investments Ltd boosted its position in shares of Intercorp Financial Services by 208.5% during the 2nd quarter. Helikon Investments Ltd now owns 781,345 shares of the company’s stock valued at $17,510,000 after purchasing an additional 528,099 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Intercorp Financial Services by 351.5% during the third quarter. Principal Financial Group Inc. now owns 231,269 shares of the company’s stock worth $6,043,000 after buying an additional 180,043 shares in the last quarter. Citigroup Inc. boosted its holdings in Intercorp Financial Services by 466.7% during the third quarter. Citigroup Inc. now owns 213,392 shares of the company’s stock worth $5,591,000 after buying an additional 175,734 shares in the last quarter. Marshall Wace LLP grew its position in Intercorp Financial Services by 544.1% in the second quarter. Marshall Wace LLP now owns 84,377 shares of the company’s stock worth $1,891,000 after buying an additional 71,277 shares during the last quarter. Finally, Mirabella Financial Services LLP bought a new position in shares of Intercorp Financial Services in the third quarter valued at $468,000.

Intercorp Financial Services Price Performance

IFS stock opened at $29.27 on Tuesday. Intercorp Financial Services Inc. has a one year low of $19.71 and a one year high of $30.59. The firm has a 50-day moving average of $27.81 and a two-hundred day moving average of $25.07. The firm has a market capitalization of $3.38 billion, a PE ratio of 11.48, a P/E/G ratio of 0.41 and a beta of 1.29. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.56.

Insider Activity

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp purchased 13,445 shares of the stock in a transaction dated Monday, December 2nd. The shares were acquired at an average price of $19.71 per share, for a total transaction of $265,000.95. Following the completion of the acquisition, the insider now owns 1,896,159 shares of the company’s stock, valued at $37,373,293.89. This represents a 0.71 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. decreased their target price on Intercorp Financial Services from $31.00 to $30.00 and set an “overweight” rating on the stock in a report 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.