Ninety One UK Ltd Grows Stock Holdings in Credicorp Ltd. $BAP

Ninety One UK Ltd raised its holdings in Credicorp Ltd. (NYSE:BAP) by 14.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 400,531 shares of the bank’s stock after purchasing an additional 51,308 shares during the period. Ninety One UK Ltd’s holdings in Credicorp were worth $114,952,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in shares of Credicorp by 42.2% during the third quarter. Principal Financial Group Inc. now owns 291,175 shares of the bank’s stock valued at $77,534,000 after buying an additional 86,340 shares during the period. Sovran Advisors LLC acquired a new stake in shares of Credicorp in the fourth quarter worth $1,358,000. Nordea Investment Management AB increased its position in shares of Credicorp by 17.4% in the third quarter. Nordea Investment Management AB now owns 27,953 shares of the bank’s stock worth $7,479,000 after acquiring an additional 4,140 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of Credicorp by 19.3% in the third quarter. Asset Management One Co. Ltd. now owns 12,516 shares of the bank’s stock worth $3,333,000 after acquiring an additional 2,023 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Credicorp by 25.2% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 291,237 shares of the bank’s stock worth $77,551,000 after acquiring an additional 58,690 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Price Performance

Shares of BAP stock opened at $331.84 on Friday. The company has a market capitalization of $26.39 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 0.76 and a beta of 0.93. The firm has a fifty day simple moving average of $338.90 and a 200-day simple moving average of $302.75. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36. Credicorp Ltd. has a twelve month low of $183.51 and a twelve month high of $380.20.

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

Analyst Upgrades and Downgrades

BAP has been the subject of several analyst reports. The Goldman Sachs Group upped 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. Wall Street Zen downgraded shares of Credicorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Weiss Ratings restated a “buy (b)” rating on shares of Credicorp in a research note on Monday, December 29th. Finally, Zacks Research downgraded shares of Credicorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Credicorp presently has an average rating of “Moderate Buy” and a consensus price target of $297.60.

Credicorp Profile

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.