Two Sigma Securities LLC acquired a new stake in Credicorp Ltd. (NYSE:BAP) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,907 shares of the bank’s stock, valued at approximately $396,000.
Other institutional investors have also recently added to or reduced their stakes in the company. LMR Partners LLP acquired a new position in shares of Credicorp in the third quarter valued at approximately $632,000. Itau Unibanco Holding S.A. increased its stake in shares of Credicorp by 29.9% in the fourth quarter. Itau Unibanco Holding S.A. now owns 46,486 shares of the bank’s stock valued at $9,643,000 after buying an additional 10,700 shares during the period. Allianz Asset Management GmbH increased its stake in shares of Credicorp by 279.3% in the third quarter. Allianz Asset Management GmbH now owns 165,260 shares of the bank’s stock valued at $33,882,000 after buying an additional 121,695 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Credicorp in the third quarter valued at approximately $1,429,000. Finally, Neuberger Berman Group LLC increased its stake in shares of Credicorp by 2.6% in the third quarter. Neuberger Berman Group LLC now owns 302,147 shares of the bank’s stock valued at $61,946,000 after buying an additional 7,792 shares during the period. 66.64% of the stock is owned by institutional investors.
BAP has been the subject of several recent research reports. ValuEngine downgraded Credicorp from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Zacks Investment Research downgraded Credicorp from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $225.50.
Shares of Credicorp Ltd. (NYSE:BAP) opened at $215.89 on Thursday. The firm has a market cap of $17,592.88, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 1.20 and a beta of 0.94. The company has a current ratio of 1.11, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73. Credicorp Ltd. has a 52-week low of $150.71 and a 52-week high of $237.99.
Credicorp (NYSE:BAP) last released its earnings results on Monday, February 5th. The bank reported $4.11 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.53. The business had revenue of $1.03 billion during the quarter. Credicorp had a net margin of 25.87% and a return on equity of 19.02%. equities research analysts forecast that Credicorp Ltd. will post 15.82 earnings per share for the current fiscal year.
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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