Ninety One UK Ltd increased its position in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 4.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,089,334 shares of the bank's stock after buying an additional 49,031 shares during the quarter. Ninety One UK Ltd owned about 1.37% of Credicorp worth $199,697,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in BAP. Creative Planning grew its position in shares of Credicorp by 37.4% during 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 last quarter. Sanctuary Advisors LLC acquired a new stake in Credicorp during the 2nd quarter worth $210,000. Diversified Trust Co purchased a new position in Credicorp during the 3rd quarter worth $428,000. Dynamic Advisor Solutions LLC acquired a new position in Credicorp in the third quarter valued at $216,000. Finally, Atomi Financial Group Inc. purchased a new stake in shares of Credicorp in the third quarter valued at about $236,000. Institutional investors and hedge funds own 89.81% of the company's stock.
Credicorp Stock Performance
Shares of BAP stock traded down $2.99 during mid-day trading on Friday, hitting $189.91. The stock had a trading volume of 247,138 shares, compared to its average volume of 262,825. The firm has a market cap of $15.11 billion, a PE ratio of 10.90, a PEG ratio of 0.51 and a beta of 1.12. The company's 50-day simple moving average is $185.33 and its 200-day simple moving average is $181.16. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 1.07. Credicorp Ltd. has a fifty-two week low of $149.27 and a fifty-two week high of $200.00.
Credicorp (NYSE:BAP - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The bank reported $5.08 EPS for the quarter, beating analysts' consensus estimates of $4.67 by $0.41. Credicorp had a net margin of 20.11% and a return on equity of 15.59%. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the firm earned $4.23 earnings per share. Sell-side analysts anticipate that Credicorp Ltd. will post 18.99 earnings per share for the current year.
Analyst Ratings Changes
BAP has been the topic of a number of research reports. Bank of America lowered Credicorp from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $209.00 to $208.00 in a report on Monday, December 16th. JPMorgan Chase & Co. lifted their target price on Credicorp from $200.00 to $219.00 and gave the company an "overweight" rating in a research note on Tuesday, November 12th.
Read Our Latest Stock Analysis on BAP
Credicorp Profile
(
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.
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