1,298 Shares in Credicorp Ltd. (NYSE:BAP) Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC purchased a new stake in shares of Credicorp Ltd. (NYSE:BAP) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,298 shares of the bank’s stock, valued at approximately $238,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ritholtz Wealth Management lifted its holdings in Credicorp by 95.4% during the third quarter. Ritholtz Wealth Management now owns 6,977 shares of the bank’s stock valued at $1,263,000 after purchasing an additional 3,406 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Credicorp by 18.5% in the fourth quarter. Nordea Investment Management AB now owns 24,008 shares of the bank’s stock valued at $4,362,000 after purchasing an additional 3,753 shares during the period. CWA Asset Management Group LLC purchased a new stake in shares of Credicorp during the 3rd quarter valued at approximately $1,737,000. MBB Public Markets I LLC bought a new position in Credicorp in the 2nd quarter worth approximately $770,000. Finally, FMR LLC grew its stake in Credicorp by 6.1% in the 3rd quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock valued at $623,735,000 after buying an additional 199,137 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Credicorp Trading Down 0.4 %

Shares of BAP stock opened at $181.51 on Friday. The business has a 50-day moving average price of $186.82 and a two-hundred day moving average price of $180.15. Credicorp Ltd. has a 12-month low of $147.00 and a 12-month high of $200.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.66. The firm has a market cap of $14.44 billion, a P/E ratio of 10.41, a price-to-earnings-growth ratio of 0.49 and a beta of 1.12.

Credicorp (NYSE:BAP) last released its earnings results on Thursday, November 7th. The bank reported $5.08 earnings per share for the quarter, topping analysts’ consensus estimates of $4.67 by $0.41. Credicorp had a return on equity of 15.59% and a net margin of 20.11%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the company posted $4.23 EPS. Equities analysts anticipate that Credicorp Ltd. will post 18.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BAP shares. The Goldman Sachs Group increased their target price on Credicorp from $143.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday, October 8th. Bank of America downgraded Credicorp from a “buy” rating to a “neutral” rating and cut their target price for the stock from $209.00 to $208.00 in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. upped their price target on Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th.

About Credicorp

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.