Credicorp Ltd. (NYSE:BAP) Stake Boosted by Ninety One North America Inc.

Ninety One North America Inc. grew its stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 218,943 shares of the bank's stock after acquiring an additional 1,658 shares during the quarter. Credicorp comprises about 2.5% of Ninety One North America Inc.'s investment portfolio, making the stock its 15th biggest holding. Ninety One North America Inc. owned 0.28% of Credicorp worth $40,137,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Ritholtz Wealth Management grew its position in Credicorp by 95.4% in the 3rd quarter. Ritholtz Wealth Management now owns 6,977 shares of the bank's stock worth $1,263,000 after purchasing an additional 3,406 shares during the period. Nordea Investment Management AB boosted its stake in shares of Credicorp by 18.5% in the 4th quarter. Nordea Investment Management AB now owns 24,008 shares of the bank's stock worth $4,362,000 after buying an additional 3,753 shares during the last quarter. Artemis Investment Management LLP bought a new stake in shares of Credicorp in the fourth quarter worth $9,349,000. CWA Asset Management Group LLC bought a new position in Credicorp in the third quarter valued at about $1,737,000. Finally, Park Avenue Securities LLC bought a new position in shares of Credicorp in the 4th quarter worth approximately $238,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Stock Down 1.6 %

Shares of NYSE BAP traded down $2.99 during trading hours on Friday, hitting $189.91. 207,428 shares of the stock were exchanged, compared to its average volume of 253,473. The firm has a fifty day moving average price of $185.24 and a 200-day moving average price of $181.05. Credicorp Ltd. has a 12 month low of $149.27 and a 12 month high of $200.00. The company has a market cap of $15.10 billion, a PE ratio of 10.90, a PEG ratio of 0.49 and a beta of 1.12. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.66.

Credicorp (NYSE:BAP - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The bank reported $5.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.67 by $0.41. The business had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.36 billion. Credicorp had a return on equity of 15.59% and a net margin of 20.11%. During the same quarter in the previous year, the firm posted $4.23 EPS. On average, sell-side analysts expect that Credicorp Ltd. will post 18.91 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BAP. JPMorgan Chase & Co. increased their price target on 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 decreased their target price for the company from $209.00 to $208.00 in a research report on Monday, December 16th.

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.