Principal Financial Group Inc. Purchases 42,255 Shares of Credicorp Ltd. (NYSE:BAP)

Principal Financial Group Inc. boosted its stake in Credicorp Ltd. (NYSE:BAP) by 12.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 about 0.49% of Credicorp worth $71,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Creative Planning raised its position in shares of Credicorp by 52.6% during the 3rd quarter. Creative Planning now owns 4,037 shares of the bank’s stock valued at $731,000 after buying an additional 1,391 shares in the last quarter. Blue Trust Inc. boosted its holdings in Credicorp by 40.3% during the 3rd quarter. Blue Trust Inc. now owns 1,901 shares of the bank’s stock valued at $344,000 after acquiring an additional 546 shares during the period. Ballentine Partners LLC bought a new position in Credicorp during the 3rd quarter worth approximately $302,000. Cigna Investments Inc. New bought a new stake in Credicorp in the third quarter valued at approximately $237,000. Finally, Van ECK Associates Corp boosted its stake in shares of Credicorp by 17.6% during the third quarter. Van ECK Associates Corp now owns 126,943 shares of the bank’s stock valued at $23,944,000 after purchasing an additional 18,982 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Credicorp Price Performance

BAP opened at $184.13 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66. The company has a market cap of $14.65 billion, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of 0.58 and a beta of 1.12. The stock has a fifty day simple moving average of $184.66 and a two-hundred day simple moving average of $182.16. Credicorp Ltd. has a 12-month low of $153.27 and a 12-month high of $200.00.

Credicorp (NYSE:BAP) last issued 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 return on equity of 16.43% and a net margin of 20.94%. Research analysts predict that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.