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

Ninety One UK Ltd raised its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 31.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 458,660 shares of the bank’s stock after purchasing an additional 109,905 shares during the period. Ninety One UK Ltd’s holdings in Credicorp were worth $174,231,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Amundi lifted its holdings in Credicorp by 26.4% in the second quarter. Amundi now owns 535,235 shares of the bank’s stock valued at $208,517,000 after buying an additional 111,785 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Credicorp in the first quarter valued at approximately $1,800,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Credicorp during the 2nd quarter worth $3,857,000. Ashoka WhiteOak Capital Pte Ltd acquired a new stake in Credicorp during the 2nd quarter worth $3,611,000. Finally, Trillium Asset Management LLC acquired a new stake in Credicorp during the 2nd quarter worth $6,065,000. Institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on BAP shares. UBS Group upped their target price on shares of Credicorp from $412.00 to $473.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Weiss Ratings upgraded Credicorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, October 9th. Morgan Stanley upgraded Credicorp from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $375.00 to $480.00 in a research report on Wednesday, June 17th. The Goldman Sachs Group lifted their price objective on Credicorp from $329.00 to $374.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Finally, JPMorgan Chase & Co. upgraded Credicorp from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $453.00 to $482.00 in a report on Wednesday, September 16th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $431.80.

Credicorp Trading Up 1.9%

NYSE BAP traded up $7.15 during trading on Thursday, reaching $391.09. 160,292 shares of the stock traded hands, compared to its average volume of 418,512. The firm has a market cap of $36.91 billion, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 0.74 and a beta of 0.92. The stock’s 50-day moving average price is $379.71 and its 200 day moving average price is $364.55. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.38. Credicorp Ltd. has a fifty-two week low of $230.45 and a fifty-two week high of $413.24.

About Credicorp

Credicorp Ltd. (NYSE: BAP) is a financial services holding company based in Peru. Through its subsidiaries, the company provides banking, insurance, investment management, pension administration and investment banking services to individuals, businesses and institutional clients.

Its principal businesses include Banco de Crédito del Perú, one of Peru’s leading banks; Mibanco, which focuses on microfinance and small-business lending; Pacífico Seguros, an insurance provider; Prima AFP, which manages private pension accounts; and Credicorp Capital, which offers investment banking, asset management, brokerage and related capital-markets services.

Credicorp’s operations are centered primarily in Peru, with selected investment banking and capital-markets activities serving clients elsewhere in the Latin American region.