Zurcher Kantonalbank Zurich Cantonalbank Acquires 1,680 Shares of Credicorp Ltd. (NYSE:BAP)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 159,341 shares of the bank's stock after buying an additional 1,680 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.20% of Credicorp worth $29,210,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Nordea Investment Management AB raised its stake in Credicorp by 18.5% during the fourth quarter. Nordea Investment Management AB now owns 24,008 shares of the bank's stock worth $4,362,000 after acquiring an additional 3,753 shares in the last quarter. Artemis Investment Management LLP bought a new stake in shares of Credicorp during the 4th quarter valued at approximately $9,349,000. Park Avenue Securities LLC acquired a new position in Credicorp during the 4th quarter worth approximately $238,000. FMR LLC lifted its stake in Credicorp by 6.1% in the 3rd quarter. FMR LLC now owns 3,446,621 shares of the bank's stock valued at $623,735,000 after purchasing an additional 199,137 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its position in Credicorp by 20.0% in the fourth quarter. Atomi Financial Group Inc. now owns 1,562 shares of the bank's stock valued at $286,000 after buying an additional 260 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Credicorp from $200.00 to $219.00 and gave the stock an "overweight" rating in a report on Tuesday, November 12th. Bank of America cut Credicorp from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $209.00 to $208.00 in a report on Monday, December 16th.

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Credicorp Stock Up 0.4 %

NYSE:BAP opened at $181.05 on Wednesday. Credicorp Ltd. has a one year low of $153.27 and a one year high of $200.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.07. The company has a market cap of $14.40 billion, a PE ratio of 9.84, a P/E/G ratio of 0.56 and a beta of 1.10. The firm's 50 day simple moving average is $184.00 and its 200 day simple moving average is $183.82.

Credicorp (NYSE:BAP - Get Free Report) last released its quarterly earnings results 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 net margin of 20.94% and a return on equity of 16.25%. On average, research analysts anticipate that Credicorp Ltd. will post 21.9 earnings per share for the current year.

About Credicorp

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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