Atomi Financial Group Inc. Increases Holdings in Credicorp Ltd. (NYSE:BAP)

Atomi Financial Group Inc. lifted its position in shares of Credicorp Ltd. (NYSE:BAP) by 20.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,562 shares of the bank’s stock after purchasing an additional 260 shares during the quarter. Atomi Financial Group Inc.’s holdings in Credicorp were worth $286,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BAP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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 buying an additional 1,176,612 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Credicorp in the 3rd quarter valued at $42,794,000. FMR LLC grew its stake in shares of Credicorp by 6.1% in the third quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock worth $623,735,000 after acquiring an additional 199,137 shares in the last quarter. Carrhae Capital LLP acquired a new position in shares of Credicorp during the third quarter worth about $27,974,000. Finally, TT International Asset Management LTD purchased a new position in Credicorp in the third quarter valued at $25,081,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Stock Down 0.4 %

Shares of NYSE:BAP opened at $181.51 on Monday. Credicorp Ltd. has a 1 year low of $147.00 and a 1 year high of $200.00. The stock has a 50-day simple moving average of $186.82 and a 200-day simple moving average of $180.23. The stock has a market capitalization of $14.44 billion, a P/E ratio of 10.41, a PEG ratio of 0.49 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.07.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on BAP shares. Bank of America lowered 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. JPMorgan Chase & Co. upped their target price on Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Finally, The Goldman Sachs Group lifted their price objective on Credicorp from $143.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday, October 8th.

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.