Yousif Capital Management LLC lifted its holdings in Credicorp Ltd. (NYSE:BAP – Free Report) by 4.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,489 shares of the bank’s stock after acquiring an additional 135 shares during the period. Yousif Capital Management LLC’s holdings in Credicorp were worth $640,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of BAP. Nordea Investment Management AB lifted its position in Credicorp by 18.5% during the fourth quarter. Nordea Investment Management AB now owns 24,008 shares of the bank’s stock worth $4,362,000 after purchasing an additional 3,753 shares during the period. Artemis Investment Management LLP bought a new stake in Credicorp during the fourth quarter worth about $9,349,000. CWA Asset Management Group LLC bought a new stake in Credicorp during the third quarter worth about $1,737,000. Park Avenue Securities LLC bought a new stake in Credicorp during the fourth quarter worth about $238,000. Finally, FMR LLC lifted its position in Credicorp by 6.1% during the third quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock worth $623,735,000 after purchasing an additional 199,137 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on BAP shares. JPMorgan Chase & Co. increased their target price on shares of Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Bank of America cut shares of Credicorp from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $209.00 to $208.00 in a report on Monday, December 16th.
Credicorp Stock Up 1.1 %
BAP stock opened at $185.81 on Monday. The stock has a market capitalization of $14.78 billion, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 0.51 and a beta of 1.12. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66. Credicorp Ltd. has a 12 month low of $153.27 and a 12 month high of $200.00. The firm has a 50-day moving average price of $184.88 and a 200-day moving average price of $181.78.
Credicorp (NYSE:BAP – Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The bank reported $3.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.42 by ($0.66). Credicorp had a net margin of 20.11% and a return on equity of 15.59%. As a group, equities research analysts anticipate that Credicorp Ltd. will post 18.99 EPS for the current fiscal year.
Credicorp Company Profile
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.
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