Credicorp Ltd. (NYSE:BAP) Stock Holdings Raised by ARGA Investment Management LP

ARGA Investment Management LP grew its holdings in Credicorp Ltd. (NYSE:BAP - Free Report) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 794,587 shares of the bank's stock after acquiring an additional 6,864 shares during the period. Credicorp accounts for 4.8% of ARGA Investment Management LP's portfolio, making the stock its 8th largest holding. ARGA Investment Management LP owned 1.00% of Credicorp worth $145,664,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BAP. Creative Planning raised its position in Credicorp by 37.4% in the second quarter. Creative Planning now owns 2,646 shares of the bank's stock worth $427,000 after acquiring an additional 720 shares during the period. Sanctuary Advisors LLC purchased a new stake in Credicorp in the 2nd quarter worth approximately $210,000. Diversified Trust Co purchased a new stake in Credicorp in the 3rd quarter worth approximately $428,000. Dynamic Advisor Solutions LLC purchased a new stake in Credicorp in the 3rd quarter worth approximately $216,000. Finally, Atomi Financial Group Inc. purchased a new stake in Credicorp in the 3rd quarter worth approximately $236,000. 89.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Bank of America lowered shares of Credicorp from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $209.00 to $208.00 in a report on Monday, December 16th. 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.

Credicorp Price Performance

Shares of NYSE BAP traded down $2.99 during mid-day trading on Friday, reaching $189.91. The company's stock had a trading volume of 247,138 shares, compared to its average volume of 262,825. The firm has a market capitalization of $15.11 billion, a PE ratio of 10.90, a P/E/G ratio of 0.51 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a fifty day moving average of $185.33 and a two-hundred day moving average of $181.16. Credicorp Ltd. has a 52 week low of $149.27 and a 52 week high of $200.00.

Credicorp (NYSE:BAP - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the company posted $4.23 earnings per share. As a group, sell-side 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.