Intercorp Financial Services (NYSE:IFS) Reaches New 52-Week High - Is It Time to Buy?

Intercorp Financial Services Inc. (NYSE:IFS) saw its stock price soar to a new 52-week high on Monday, reaching a peak of $35.90 during trading. The stock eventually closed at $29.29, following a previous close of $29.78, with a traded volume of 251 shares.

Intercorp Financial Services Price Performance

The company's market capitalization stands at $3.42 billion. It boasts a P/E ratio of 11.76, a PEG ratio of 0.27, and a beta of 1.26, indicating how the stock behaves in relation to market movements. The fifty-day moving average price is $28.99 while the two-hundred-day moving average price is $26.60, showing an upward trend in price.

Insider Buying and Selling

In recent developments, a significant shareholder, Peru Ltd Intercorp, acquired 574,071 shares of the company on December 26th for an average of $19.79 per share, totaling approximately $11,360,865.09. This purchase increased their ownership by about 30.28%, bringing their total shareholding to 2,470,230 shares, now valued at $48,885,851.70. The transaction has been filed with the SEC and is available for public viewing.

Institutional Inflows and Outflows

Several institutional investors have also made moves regarding their holdings in Intercorp Financial Services recently. For instance, Cubist Systematic Strategies LLC took a new position valued at $387,000 in the second quarter. In addition, Semanteon Capital Management LP acquired shares worth $222,000 in the third quarter. Furthermore, Helikon Investments Ltd increased its holdings by 24.8%, now owning a total of 974,819 shares valued at $25,472,000 after buying 193,474 additional shares. Principal Financial Group Inc. raised its position massively by 351.5%, acquiring 231,269 shares now worth $6,043,000. Finally, Citigroup Inc. significantly boosted its stake by 466.7%, now holding 213,392 shares valued at $5,591,000 after purchasing an additional 175,734 shares.

Intercorp Financial Services Company Profile

Intercorp Financial Services Inc., along with its subsidiaries, provides a comprehensive range of banking, insurance, wealth management, and payment services to both retail and commercial clients in Peru. Its offerings include loans, credit facilities, deposits, current accounts, life annuity products, and various insurance services, as well as brokerage and investment management solutions.

Should You Invest $1,000 in Intercorp Financial Services Right Now?

Before making any investment decisions regarding Intercorp Financial Services, potential investors may want to explore alternative recommendations. Recent analysis indicates that while the stock currently holds a "Buy" rating from some analysts, there are five other stocks that top-rated analysts believe represent better investment opportunities.

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