Intercorp Financial Services (NYSE:IFS) Sets New 12-Month High – Still a Buy?

Intercorp Financial Services Inc. (NYSE:IFS) shares reached a new 52-week high during trading on Monday . The stock traded as high as $35.90 and last traded at $29.29, with a volume of 251 shares trading hands. The stock had previously closed at $29.78.

Intercorp Financial Services Stock Performance

The firm has a fifty day simple moving average of $29.02 and a 200 day simple moving average of $26.65. The company has a market cap of $3.49 billion, a PE ratio of 11.96, a PEG ratio of 0.27 and a beta of 1.26.

Insider Activity at Intercorp Financial Services

In other news, major shareholder Peru Ltd Intercorp bought 574,071 shares of Intercorp Financial Services stock in a transaction that occurred on Thursday, December 26th. The shares were purchased at an average price of $19.79 per share, for a total transaction of $11,360,865.09. Following the completion of the acquisition, the insider now owns 2,470,230 shares of the company’s stock, valued at $48,885,851.70. The trade was a 30.28 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Hedge Funds Weigh In On Intercorp Financial Services

A number of large investors have recently modified their holdings of IFS. Jane Street Group LLC acquired a new position in shares of Intercorp Financial Services during the 3rd quarter valued at $447,000. Principal Financial Group Inc. boosted its position in shares of Intercorp Financial Services by 351.5% in 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 during the period. Helikon Investments Ltd raised its holdings in shares of Intercorp Financial Services by 24.8% during the 3rd quarter. Helikon Investments Ltd now owns 974,819 shares of the company’s stock valued at $25,472,000 after buying an additional 193,474 shares during the period. Citigroup Inc. lifted its position in Intercorp Financial Services by 466.7% during the 3rd quarter. Citigroup Inc. now owns 213,392 shares of the company’s stock worth $5,591,000 after acquiring an additional 175,734 shares in the last quarter. Finally, State Street Corp boosted its holdings in Intercorp Financial Services by 13.3% in the 3rd quarter. State Street Corp now owns 143,413 shares of the company’s stock worth $3,747,000 after acquiring an additional 16,793 shares during the period.

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.