Credicorp Ltd. (NYSE:BAP) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,591 shares of the bank’s stock after purchasing an additional 76 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Credicorp were worth $292,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BAP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Credicorp by 782.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,326,947 shares of the bank’s stock worth $240,138,000 after purchasing an additional 1,176,612 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Credicorp during the 3rd quarter worth approximately $42,794,000. FMR LLC increased its holdings in Credicorp by 6.1% during the 3rd 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 last quarter. TT International Asset Management LTD purchased a new stake in Credicorp during the 3rd quarter worth approximately $25,081,000. Finally, SPX Gestao de Recursos Ltda purchased a new stake in Credicorp during the 3rd quarter worth approximately $22,285,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Bank of America downgraded Credicorp from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $209.00 to $208.00 in a report on Monday, December 16th.

Credicorp Price Performance

Shares of NYSE BAP opened at $193.13 on Friday. Credicorp Ltd. has a twelve month low of $153.27 and a twelve month high of $200.00. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $15.36 billion, a price-to-earnings ratio of 10.50, a price-to-earnings-growth ratio of 0.56 and a beta of 1.10. The business has a 50 day simple moving average of $184.95 and a 200-day simple moving average of $184.59.

Credicorp (NYSE:BAP) last issued its quarterly earnings results on Monday, February 10th. The bank reported $3.76 earnings per share for the quarter, missing analysts’ consensus estimates of $4.42 by ($0.66). Credicorp had a net margin of 20.94% and a return on equity of 16.25%. As a group, equities research analysts expect that Credicorp Ltd. will post 21.9 earnings per share for the current 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.