GSA Capital Partners LLP Buys 5,548 Shares of Credicorp Ltd. $BAP

GSA Capital Partners LLP grew its stake in shares of Credicorp Ltd. (NYSE:BAP) by 368.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,053 shares of the bank’s stock after buying an additional 5,548 shares during the period. GSA Capital Partners LLP’s holdings in Credicorp were worth $2,024,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BAP. Capital World Investors purchased a new position in shares of Credicorp during the third quarter worth about $434,014,000. William Blair Investment Management LLC grew its holdings in shares of Credicorp by 71.6% during the third quarter. William Blair Investment Management LLC now owns 820,073 shares of the bank’s stock worth $218,369,000 after purchasing an additional 342,308 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in shares of Credicorp during the fourth quarter worth about $89,754,000. Mondrian Investment Partners LTD purchased a new stake in Credicorp in the third quarter worth approximately $78,211,000. Finally, Invesco Ltd. boosted its stake in Credicorp by 27.4% in the third quarter. Invesco Ltd. now owns 1,349,408 shares of the bank’s stock worth $359,320,000 after buying an additional 290,585 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Credicorp Stock Up 3.6%

Shares of BAP opened at $314.86 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.02 and a quick ratio of 1.02. Credicorp Ltd. has a 1 year low of $193.88 and a 1 year high of $380.20. The stock has a 50 day simple moving average of $330.64 and a two-hundred day simple moving average of $312.45. The firm has a market cap of $29.72 billion, a P/E ratio of 12.14, a P/E/G ratio of 0.68 and a beta of 0.87.

Credicorp (NYSE:BAP) last announced its quarterly earnings data on Sunday, February 1st. The bank reported $5.91 earnings per share for the quarter. Credicorp had a return on equity of 22.05% and a net margin of 24.81%.The firm had revenue of $1.81 billion during the quarter. On average, analysts forecast that Credicorp Ltd. will post 29.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BAP shares. Zacks Research lowered Credicorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. UBS Group upped their target price on Credicorp from $318.00 to $408.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group upped their target price on Credicorp from $293.00 to $330.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. Weiss Ratings raised Credicorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday. Finally, HSBC raised Credicorp from a “hold” rating to a “buy” rating and upped their target price for the stock from $320.00 to $350.00 in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Credicorp presently has an average rating of “Moderate Buy” and a consensus price target of $334.60.

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.