Asset Management One Co. Ltd. Acquires 1,658 Shares of Credicorp Ltd. (NYSE:BAP)

Asset Management One Co. Ltd. lifted its position in shares of Credicorp Ltd. (NYSE:BAP) by 19.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,039 shares of the bank’s stock after buying an additional 1,658 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Credicorp were worth $1,818,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Credicorp by 6.0% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,910 shares of the bank’s stock worth $533,000 after purchasing an additional 165 shares during the period. Deltec Asset Management LLC lifted its position in shares of Credicorp by 64.3% during the fourth quarter. Deltec Asset Management LLC now owns 2,300 shares of the bank’s stock valued at $422,000 after purchasing an additional 900 shares in the last quarter. Yousif Capital Management LLC lifted its position in shares of Credicorp by 4.0% during the fourth quarter. Yousif Capital Management LLC now owns 3,489 shares of the bank’s stock valued at $640,000 after purchasing an additional 135 shares in the last quarter. ARGA Investment Management LP raised its position in Credicorp by 0.9% in the fourth quarter. ARGA Investment Management LP now owns 794,587 shares of the bank’s stock worth $145,664,000 after acquiring an additional 6,864 shares during the period. Finally, Ninety One UK Ltd raised its position in Credicorp by 4.7% in the fourth quarter. Ninety One UK Ltd now owns 1,089,334 shares of the bank’s stock worth $199,697,000 after acquiring an additional 49,031 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Credicorp Trading Down 0.7 %

Shares of BAP opened at $184.13 on Thursday. The firm has a 50 day moving average price of $184.66 and a 200-day moving average price of $182.16. Credicorp Ltd. has a fifty-two week low of $153.27 and a fifty-two week high of $200.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $14.65 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 0.58 and a beta of 1.12.

Credicorp (NYSE:BAP) last posted its quarterly earnings results on Monday, February 10th. The bank reported $3.76 EPS 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 16.43%. As a group, equities research analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Wall Street Analyst Weigh In

BAP has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Bank of America cut shares of Credicorp from a “buy” rating to a “neutral” rating and cut their price target for the stock from $209.00 to $208.00 in a research note on Monday, December 16th.

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.