Credicorp Ltd. $BAP Shares Acquired by Ninety One North America Inc.

Ninety One North America Inc. raised its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 9.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 166,814 shares of the bank’s stock after buying an additional 14,994 shares during the quarter. Credicorp comprises approximately 1.9% of Ninety One North America Inc.’s holdings, making the stock its 19th largest holding. Ninety One North America Inc.’s holdings in Credicorp were worth $47,876,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BAP. Capital World Investors acquired a new stake in Credicorp during the 3rd quarter valued at approximately $434,014,000. William Blair Investment Management LLC lifted its stake in shares of Credicorp by 71.6% in the 3rd quarter. William Blair Investment Management LLC now owns 820,073 shares of the bank’s stock valued at $218,369,000 after purchasing an additional 342,308 shares during the period. Mondrian Investment Partners LTD acquired a new position in shares of Credicorp in the 3rd quarter valued at $78,211,000. Invesco Ltd. lifted its stake in shares of Credicorp by 27.4% in the 3rd quarter. Invesco Ltd. now owns 1,349,408 shares of the bank’s stock valued at $359,320,000 after purchasing an additional 290,585 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of Credicorp by 125.5% in the 2nd quarter. Bank of America Corp DE now owns 491,046 shares of the bank’s stock valued at $109,759,000 after purchasing an additional 273,305 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BAP shares. Zacks Research cut shares of Credicorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Credicorp in a research note on Monday, December 29th. The Goldman Sachs Group boosted their target price on shares of Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Finally, Wall Street Zen cut shares of Credicorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Credicorp has an average rating of “Moderate Buy” and an average target price of $297.60.

Credicorp Stock Performance

NYSE:BAP opened at $331.84 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.02. The company has a fifty day moving average of $338.90 and a two-hundred day moving average of $302.75. The stock has a market capitalization of $26.39 billion, a PE ratio of 13.65, a P/E/G ratio of 0.76 and a beta of 0.93. Credicorp Ltd. has a fifty-two week low of $183.51 and a fifty-two week high of $380.20.

Credicorp (NYSE:BAP) last posted its quarterly earnings data on Sunday, February 1st. The bank reported $5.91 earnings per share for the quarter. The company had revenue of $1.81 billion during the quarter. Credicorp had a net margin of 24.53% and a return on equity of 20.43%. As a group, research analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

About Credicorp

Credicorp Ltd. (NYSE: BAP) is a Lima-based financial services holding company that operates a diversified group of banking, insurance, and investment businesses. Established in the mid-1990s, Credicorp’s principal subsidiaries include Banco de Crédito del Perú (BCP), Mibanco (microfinance), Credicorp Capital (investment banking and asset management) and Pacífico Seguros (insurance). The company serves retail, commercial and corporate clients and is one of the largest financial conglomerates in Peru.

Through Banco de Crédito del Perú and its retail network, Credicorp provides a full suite of banking products including deposit accounts, consumer and commercial loans, mortgages, payment and transaction services, and digital banking solutions.