Aberdeen Group plc Raises Stock Position in Credicorp Ltd. $BAP

Aberdeen Group plc boosted its position in shares of Credicorp Ltd. (NYSE:BAP) by 2.6% during the second quarter, Holdings Channel.com reports. The firm owned 265,179 shares of the bank’s stock after buying an additional 6,693 shares during the quarter. Aberdeen Group plc’s holdings in Credicorp were worth $59,584,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BAP. GAMMA Investing LLC raised its stake in Credicorp by 27,522.6% during the first quarter. GAMMA Investing LLC now owns 8,563 shares of the bank’s stock worth $1,594,000 after purchasing an additional 8,532 shares during the period. Farther Finance Advisors LLC increased its position in shares of Credicorp by 2,170.0% during the first quarter. Farther Finance Advisors LLC now owns 227 shares of the bank’s stock valued at $44,000 after acquiring an additional 217 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Credicorp by 1.5% during the first quarter. Fifth Third Bancorp now owns 6,645 shares of the bank’s stock valued at $1,237,000 after acquiring an additional 101 shares during the last quarter. Ritholtz Wealth Management increased its position in shares of Credicorp by 2.1% during the first quarter. Ritholtz Wealth Management now owns 9,202 shares of the bank’s stock valued at $1,713,000 after acquiring an additional 188 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Credicorp by 34.2% during the first quarter. Blue Trust Inc. now owns 2,563 shares of the bank’s stock valued at $477,000 after acquiring an additional 653 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BAP shares. UBS Group lifted their price target on shares of Credicorp from $257.00 to $318.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Citigroup lifted their price target on shares of Credicorp from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. HSBC cut shares of Credicorp from a “buy” rating to a “hold” rating and lifted their price target for the company from $225.00 to $255.00 in a research report on Friday, September 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Credicorp in a research report on Saturday, September 27th. Finally, Hsbc Global Res upgraded shares of Credicorp to a “hold” rating in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $250.00.

Credicorp Trading Down 2.5%

NYSE BAP opened at $254.58 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.49. Credicorp Ltd. has a 52 week low of $165.51 and a 52 week high of $280.88. The stock has a market capitalization of $20.25 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 0.69 and a beta of 1.11. The firm has a 50 day moving average of $258.39 and a two-hundred day moving average of $225.59.

Credicorp (NYSE:BAP) last posted its quarterly earnings results on Thursday, August 14th. The bank reported $6.24 EPS for the quarter, topping the consensus estimate of $5.73 by $0.51. Credicorp had a net margin of 23.22% and a return on equity of 17.94%. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.52 billion. As a group, research analysts expect that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

Credicorp Company 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.