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

Lord Abbett & CO. LLC raised its stake in Intercorp Financial Services Inc. (NYSE:IFS) by 6.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 201,309 shares of the company’s stock after purchasing an additional 11,612 shares during the period. Lord Abbett & CO. LLC owned 0.17% of Intercorp Financial Services worth $5,260,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of IFS. Semanteon Capital Management LP bought a new stake in Intercorp Financial Services in the third quarter valued at about $222,000. PDT Partners LLC bought a new stake in shares of Intercorp Financial Services in the 3rd quarter valued at approximately $237,000. XTX Topco Ltd acquired a new stake in shares of Intercorp Financial Services during the 3rd quarter valued at approximately $288,000. Cubist Systematic Strategies LLC acquired a new position in Intercorp Financial Services in the second quarter worth $387,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Intercorp Financial Services during the third quarter valued at $423,000.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Intercorp Financial Services news, major shareholder Peru Ltd Intercorp bought 247,311 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were purchased at an average cost 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 in the company, valued at $36,214,930.35. The trade was a 15.50 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Intercorp Financial Services Stock Performance

IFS stock opened at $29.27 on Tuesday. Intercorp Financial Services Inc. has a 1 year low of $19.71 and a 1 year high of $30.59. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 0.41 and a beta of 1.29. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.12 and a current ratio of 1.12. The stock’s fifty day moving average is $27.81 and its two-hundred day moving average is $25.07.

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.