Los Angeles Capital Management LLC boosted its position in Credicorp Ltd. (NYSE:BAP – Get Rating) by 109.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,881 shares of the bank’s stock after acquiring an additional 2,025 shares during the period. Los Angeles Capital Management LLC’s holdings in Credicorp were worth $477,000 as of its most recent SEC filing.
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A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janiczek Wealth Management LLC increased its position in shares of Credicorp by 20.9% during the third quarter. Janiczek Wealth Management LLC now owns 620 shares of the bank’s stock valued at $79,000 after buying an additional 107 shares during the period. Ronald Blue Trust Inc. bought a new stake in shares of Credicorp during the second quarter valued at about $124,000. US Bancorp DE increased its position in shares of Credicorp by 47.3% during the third quarter. US Bancorp DE now owns 853 shares of the bank’s stock valued at $105,000 after buying an additional 274 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Credicorp by 20.0% during the first quarter. PNC Financial Services Group Inc. now owns 1,040 shares of the bank’s stock valued at $179,000 after buying an additional 173 shares during the period. Finally, Graham Capital Management L.P. bought a new stake in shares of Credicorp during the first quarter valued at about $233,000. 69.13% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on BAP shares. Itau BBA Securities upgraded Credicorp from a “market perform” rating to an “outperform” rating and set a $156.00 price target on the stock in a research report on Tuesday, January 3rd. StockNews.com began coverage on shares of Credicorp in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Credit Suisse Group began coverage on shares of Credicorp in a research report on Tuesday, December 13th. They issued an “outperform” rating and a $142.00 price objective on the stock. Finally, Citigroup upgraded shares of Credicorp from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $128.05 to $161.00 in a research report on Tuesday, October 4th.
Credicorp Stock Down 0.4 %
BAP stock opened at $138.95 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.14. The company’s 50 day moving average is $143.18 and its 200 day moving average is $136.48. The stock has a market cap of $11.05 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 0.42 and a beta of 0.95. Credicorp Ltd. has a 1-year low of $113.21 and a 1-year high of $182.11.
Credicorp (NYSE:BAP – Get Rating) last issued its earnings results on Monday, November 7th. The bank reported $4.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.91 by $0.29. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.13 billion. Credicorp had a return on equity of 17.15% and a net margin of 24.59%. Sell-side analysts predict that Credicorp Ltd. will post 15.39 EPS for the current fiscal year.
Credicorp Company Profile
Credicorp Ltd., a financial service holding company, provides various financial, insurance, and health services and products primarily in Peru and internationally. The company’s Universal Banking segment offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.
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