Robeco Institutional Asset Management B.V. Buys 19,378 Shares of Credicorp Ltd. $BAP

Robeco Institutional Asset Management B.V. grew its stake in shares of Credicorp Ltd. (NYSE:BAP) by 9.4% in the second quarter, HoldingsChannel.com reports. The firm owned 225,351 shares of the bank’s stock after purchasing an additional 19,378 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Credicorp were worth $50,370,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BSW Wealth Partners purchased a new position in shares of Credicorp in the 2nd quarter worth approximately $204,000. LBP AM SA boosted its stake in shares of Credicorp by 2.5% in the 2nd quarter. LBP AM SA now owns 29,440 shares of the bank’s stock worth $6,580,000 after buying an additional 717 shares during the last quarter. Paragon Capital Management Ltd purchased a new position in shares of Credicorp in the 2nd quarter worth approximately $233,000. Farther Finance Advisors LLC boosted its stake in shares of Credicorp by 193.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 665 shares of the bank’s stock worth $149,000 after buying an additional 438 shares during the last quarter. Finally, Diversified Trust Co boosted its stake in shares of Credicorp by 166.6% in the 2nd quarter. Diversified Trust Co now owns 7,669 shares of the bank’s stock worth $1,714,000 after buying an additional 4,792 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

BAP has been the topic of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Credicorp in a research note on Saturday, September 27th. UBS Group boosted their target price on Credicorp from $257.00 to $318.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Wall Street Zen upgraded Credicorp from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. The Goldman Sachs Group upgraded Credicorp from a “sell” rating to a “neutral” rating and upped their price objective for the company from $174.00 to $225.00 in a research note on Thursday, July 24th. Finally, HSBC downgraded Credicorp from a “buy” rating to a “hold” rating and upped their price objective for the company from $225.00 to $255.00 in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Credicorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $250.00.

Credicorp Price Performance

Credicorp stock opened at $265.62 on Friday. Credicorp Ltd. has a 12 month low of $165.51 and a 12 month high of $280.88. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.49. The business’s 50 day simple moving average is $255.78 and its 200 day simple moving average is $223.02. The company has a market cap of $21.13 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 0.70 and a beta of 1.11.

Credicorp (NYSE:BAP) last posted its earnings results on Thursday, August 14th. The bank reported $6.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.73 by $0.51. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.52 billion. Credicorp had a return on equity of 17.94% and a net margin of 23.22%. Sell-side analysts forecast that Credicorp Ltd. will post 21.9 EPS for the current year.

Credicorp 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.