4,373 Shares in Credicorp Ltd. (NYSE:BAP) Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd purchased a new stake in Credicorp Ltd. (NYSE:BAP) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,373 shares of the bank’s stock, valued at approximately $741,000.

Several other hedge funds have also bought and sold shares of the stock. WCM Investment Management LLC increased its stake in shares of Credicorp by 1,723.7% in the 4th quarter. WCM Investment Management LLC now owns 303,705 shares of the bank’s stock valued at $45,832,000 after purchasing an additional 287,052 shares in the last quarter. LA Financiere DE L Echiquier increased its position in shares of Credicorp by 20.3% in the fourth quarter. LA Financiere DE L Echiquier now owns 34,677 shares of the bank’s stock valued at $5,199,000 after buying an additional 5,841 shares in the last quarter. Deltec Asset Management LLC acquired a new position in shares of Credicorp during the 4th quarter worth approximately $1,349,000. Handelsbanken Fonder AB lifted its position in shares of Credicorp by 2.3% during the 4th quarter. Handelsbanken Fonder AB now owns 252,909 shares of the bank’s stock valued at $37,919,000 after buying an additional 5,695 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in Credicorp by 1.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,053,247 shares of the bank’s stock valued at $390,724,000 after acquiring an additional 55,018 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Stock Down 0.4 %

Shares of BAP traded down $0.69 during mid-day trading on Friday, hitting $167.06. 390,194 shares of the company’s stock were exchanged, compared to its average volume of 249,800. The stock’s 50-day moving average is $169.95 and its 200-day moving average is $149.63. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.00 and a current ratio of 1.08. Credicorp Ltd. has a fifty-two week low of $116.42 and a fifty-two week high of $179.53. The company has a market cap of $13.29 billion, a price-to-earnings ratio of 10.68, a P/E/G ratio of 0.57 and a beta of 1.13.

Credicorp (NYSE:BAP) last posted its quarterly earnings results on Thursday, February 8th. The bank reported $2.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.02). Credicorp had a net margin of 20.17% and a return on equity of 14.68%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.32 billion. On average, sell-side analysts anticipate that Credicorp Ltd. will post 18.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BAP has been the subject of a number of research reports. UBS Group cut their target price on shares of Credicorp from $192.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, February 5th. JPMorgan Chase & Co. increased their target price on Credicorp from $190.00 to $194.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $181.73.

About Credicorp

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. Its Universal Banking segment includes granting various credits and financial instruments to individuals and legal entities; and various deposits and checking accounts. The Insurance and Pensions segment includes the issuance of insurance policies to cover losses in commercial property, transport, marine vessels, automobiles, life, health, and pensions; management services for private pension funds.