USA Financial Portformulas Corp bought a new stake in Credicorp Ltd. (NYSE:BAP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,171 shares of the bank’s stock, valued at approximately $450,000.
Several other institutional investors have also made changes to their positions in the company. Cerebellum GP LLC bought a new position in shares of Credicorp in the fourth quarter worth about $134,000. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Credicorp in the fourth quarter valued at approximately $251,000. High Pointe Capital Management LLC acquired a new position in shares of Credicorp in the third quarter valued at approximately $268,000. Jarislowsky Fraser Ltd acquired a new position in shares of Credicorp in the third quarter valued at approximately $295,000. Finally, C WorldWide Group Holding A S increased its stake in shares of Credicorp by 90.9% in the third quarter. C WorldWide Group Holding A S now owns 2,216 shares of the bank’s stock valued at $455,000 after buying an additional 1,055 shares during the period. 66.64% of the stock is owned by institutional investors.
Credicorp Ltd. (BAP) traded down $4.68 during mid-day trading on Wednesday, reaching $215.89. The company’s stock had a trading volume of 150,432 shares, compared to its average volume of 254,215. The stock has a market cap of $17,593.68, a price-to-earnings ratio of 16.03, a PEG ratio of 1.20 and a beta of 0.94. The company has a quick ratio of 1.22, a current ratio of 1.11 and a debt-to-equity ratio of 0.73. Credicorp Ltd. has a 1-year low of $150.71 and a 1-year high of $237.99.
Credicorp (NYSE:BAP) last issued its quarterly earnings results on Monday, February 5th. The bank reported $4.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.58 by $0.53. The firm had revenue of $1.03 billion during the quarter. Credicorp had a return on equity of 19.02% and a net margin of 25.87%. sell-side analysts expect that Credicorp Ltd. will post 15.82 EPS for the current fiscal year.
Several research firms have recently issued reports on BAP. ValuEngine raised Credicorp from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research downgraded shares of Credicorp from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. HSBC downgraded shares of Credicorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, cut Credicorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $225.50.
Credicorp Company Profile
Credicorp Ltd. is a financial services holding company in Peru. The Company has four operating segments based on its products and services, which include banking, insurance, pension funds and investment banking. Its operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP SA, and Credicorp Capital Ltd.
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