Boussard & Gavaudan Investment Management LLP acquired a new stake in Credicorp Ltd. (NYSE:BAP - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 48,124 shares of the bank's stock, valued at approximately $8,671,000. Boussard & Gavaudan Investment Management LLP owned approximately 0.06% of Credicorp at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB raised its position in Credicorp by 37.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank's stock valued at $41,000 after buying an additional 62 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Credicorp in the third quarter valued at about $58,000. R Squared Ltd bought a new position in shares of Credicorp during the fourth quarter valued at about $172,000. Aprio Wealth Management LLC purchased a new position in Credicorp during the fourth quarter worth about $200,000. Finally, Callan Family Office LLC bought a new stake in Credicorp in the 4th quarter worth about $204,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.
Credicorp Stock Performance
BAP stock traded up $4.98 during midday trading on Tuesday, reaching $191.14. 73,241 shares of the company's stock traded hands, compared to its average volume of 284,769. Credicorp Ltd. has a 52 week low of $153.27 and a 52 week high of $200.00. The company has a 50-day moving average price of $185.70 and a two-hundred day moving average price of $185.54. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02. The firm has a market capitalization of $15.20 billion, a PE ratio of 10.41, a price-to-earnings-growth ratio of 0.56 and a beta of 1.10.
Credicorp (NYSE:BAP - Get Free Report) last issued its earnings results on Monday, February 10th. The bank reported $3.76 EPS for the quarter, missing the consensus estimate of $4.42 by ($0.66). Credicorp had a return on equity of 16.25% and a net margin of 20.94%. As a group, equities analysts anticipate that Credicorp Ltd. will post 21.9 EPS for the current year.
Wall Street Analyst Weigh In
Separately, Bank of America downgraded Credicorp from a "buy" rating to a "neutral" rating and decreased their price target for the company from $209.00 to $208.00 in a research report on Monday, December 16th.
View Our Latest Research Report on Credicorp
About Credicorp
(
Free Report)
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.
Featured Stories
Before you consider Credicorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Credicorp wasn't on the list.
While Credicorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
