Credicorp Ltd. (NYSE:BAP) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. grew its stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 12.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 389,338 shares of the bank's stock after purchasing an additional 42,255 shares during the quarter. Principal Financial Group Inc. owned approximately 0.49% of Credicorp worth $71,373,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its stake in Credicorp by 37.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank's stock worth $41,000 after acquiring an additional 62 shares in 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 acquired a new stake in shares of Credicorp during the fourth quarter worth about $172,000. Aprio Wealth Management LLC acquired a new stake in shares of Credicorp during the fourth quarter worth about $200,000. Finally, Park Avenue Securities LLC purchased a new position in shares of Credicorp during the fourth quarter worth about $238,000. Hedge funds and other institutional investors own 89.81% of the company's stock.

Wall Street Analyst Weigh In

BAP has been the subject of several recent research reports. Bank of America downgraded Credicorp from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $209.00 to $208.00 in a report on Monday, December 16th. JPMorgan Chase & Co. raised their target price on shares of Credicorp from $200.00 to $219.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 12th.

Credicorp Price Performance

BAP stock traded down $7.05 on Friday, reaching $177.86. 167,609 shares of the company's stock were exchanged, compared to its average volume of 265,119. The stock has a fifty day moving average of $184.28 and a 200-day moving average of $182.19. The firm has a market cap of $14.15 billion, a PE ratio of 9.69, a P/E/G ratio of 0.57 and a beta of 1.12. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. Credicorp Ltd. has a twelve month low of $153.27 and a twelve month high of $200.00.

Credicorp (NYSE:BAP - Get Free Report) last announced its quarterly earnings data 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 net margin of 20.94% and a return on equity of 16.25%. As a group, equities analysts predict that Credicorp Ltd. will post 21.9 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.