Asset Management One Co. Ltd. Raises Holdings in Credicorp Ltd. (NYSE:BAP)

Asset Management One Co. Ltd. lifted its stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 19.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,039 shares of the bank's stock after purchasing an additional 1,658 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Credicorp were worth $1,818,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BAP. Creative Planning grew its stake in Credicorp by 52.6% in the third quarter. Creative Planning now owns 4,037 shares of the bank's stock valued at $731,000 after acquiring an additional 1,391 shares during the period. Blue Trust Inc. lifted its stake in Credicorp by 40.3% during the third quarter. Blue Trust Inc. now owns 1,901 shares of the bank's stock worth $344,000 after purchasing an additional 546 shares during the last quarter. Ballentine Partners LLC bought a new stake in Credicorp during the third quarter worth about $302,000. Cigna Investments Inc. New bought a new stake in Credicorp during the third quarter worth about $237,000. Finally, Van ECK Associates Corp lifted its stake in Credicorp by 17.6% during the third quarter. Van ECK Associates Corp now owns 126,943 shares of the bank's stock worth $23,944,000 after purchasing an additional 18,982 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Credicorp Stock Performance

Credicorp stock traded down $6.63 during trading on Friday, reaching $178.28. The company had a trading volume of 162,815 shares, compared to its average volume of 265,119. Credicorp Ltd. has a 52 week low of $153.27 and a 52 week high of $200.00. The firm's 50-day simple moving average is $184.28 and its 200 day simple moving average is $182.19. The firm has a market capitalization of $14.18 billion, a price-to-earnings ratio of 9.69, a price-to-earnings-growth ratio of 0.57 and a beta of 1.12. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68.

Credicorp (NYSE:BAP - Get Free Report) last issued its quarterly earnings results 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 return on equity of 16.25% and a net margin of 20.94%. Sell-side analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on BAP shares. Bank of America lowered Credicorp from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $209.00 to $208.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. upped their price target on Credicorp from $200.00 to $219.00 and gave the company an "overweight" rating in a research report on Tuesday, November 12th.

Credicorp 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.