Russell Investments Group Ltd. grew its holdings in Credicorp Ltd. (NYSE:BAP - Free Report) by 30.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 114,585 shares of the bank's stock after acquiring an additional 26,951 shares during the period. Russell Investments Group Ltd. owned about 0.14% of Credicorp worth $20,959,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in BAP. Headlands Technologies LLC acquired a new position in Credicorp during the 4th quarter worth approximately $38,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Credicorp by 37.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank's stock worth $41,000 after purchasing an additional 62 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Credicorp by 45.7% in the fourth quarter. Wells Fargo & Company MN now owns 692 shares of the bank's stock valued at $127,000 after purchasing an additional 217 shares during the period. R Squared Ltd acquired a new stake in Credicorp during the 4th quarter valued at $172,000. Finally, Aprio Wealth Management LLC purchased a new stake in Credicorp during the 4th quarter worth $200,000. 89.81% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Bank of America cut shares of Credicorp from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $209.00 to $208.00 in a research report on Monday, December 16th.
View Our Latest Stock Analysis on Credicorp
Credicorp Stock Performance
BAP stock traded up $0.73 during mid-day trading on Tuesday, reaching $185.01. The company had a trading volume of 59,601 shares, compared to its average volume of 255,520. The stock's 50-day simple moving average is $184.81 and its two-hundred day simple moving average is $185.62. The stock has a market capitalization of $14.71 billion, a P/E ratio of 10.06, a P/E/G ratio of 0.56 and a beta of 0.99. 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 one year low of $153.27 and a one year high of $200.00.
Credicorp (NYSE:BAP - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The bank reported $3.76 earnings per share (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%. Research analysts anticipate that Credicorp Ltd. will post 21.9 EPS for the current year.
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.
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
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
