Ashoka WhiteOak Capital Pte Ltd Acquires 3,615 Shares of Credicorp Ltd. $BAP

Ashoka WhiteOak Capital Pte Ltd lifted its holdings in Credicorp Ltd. (NYSE:BAP) by 65.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,125 shares of the bank’s stock after purchasing an additional 3,615 shares during the period. Credicorp accounts for 1.0% of Ashoka WhiteOak Capital Pte Ltd’s portfolio, making the stock its 12th biggest position. Ashoka WhiteOak Capital Pte Ltd’s holdings in Credicorp were worth $2,646,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in BAP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Credicorp in the first quarter worth $78,000. Cetera Investment Advisers lifted its position in shares of Credicorp by 36.3% in the second quarter. Cetera Investment Advisers now owns 1,786 shares of the bank’s stock worth $399,000 after purchasing an additional 476 shares in the last quarter. State Street Corp lifted its position in shares of Credicorp by 1.6% in the second quarter. State Street Corp now owns 1,197,536 shares of the bank’s stock worth $267,673,000 after purchasing an additional 19,361 shares in the last quarter. Nebula Research & Development LLC bought a new stake in shares of Credicorp in the second quarter worth $355,000. Finally, Quantinno Capital Management LP lifted its position in shares of Credicorp by 24.7% in the second quarter. Quantinno Capital Management LP now owns 5,468 shares of the bank’s stock worth $1,222,000 after purchasing an additional 1,083 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Credicorp Stock Performance

NYSE BAP opened at $321.99 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36. The firm’s fifty day moving average price is $333.32 and its two-hundred day moving average price is $309.93. Credicorp Ltd. has a 1 year low of $193.13 and a 1 year high of $380.20. The firm has a market capitalization of $30.39 billion, a P/E ratio of 13.24, a price-to-earnings-growth ratio of 0.74 and a beta of 0.87.

Credicorp (NYSE:BAP) last posted its quarterly earnings results on Sunday, February 1st. The bank reported $5.91 earnings per share (EPS) for the quarter. Credicorp had a net margin of 24.53% and a return on equity of 20.43%. The firm had revenue of $1.81 billion for the quarter. As a group, research analysts anticipate that Credicorp Ltd. will post 29.09 EPS for the current year.

Analyst Ratings Changes

BAP has been the topic of several analyst reports. Zacks Research lowered shares of Credicorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. The Goldman Sachs Group upped their price target on shares of Credicorp from $293.00 to $330.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. Finally, UBS Group upped their price target on shares of Credicorp from $318.00 to $408.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $315.60.

Credicorp Company Profile

Credicorp Ltd. (NYSE: BAP) is a Lima-based financial services holding company that operates a diversified group of banking, insurance, and investment businesses. Established in the mid-1990s, Credicorp’s principal subsidiaries include Banco de Crédito del Perú (BCP), Mibanco (microfinance), Credicorp Capital (investment banking and asset management) and Pacífico Seguros (insurance). The company serves retail, commercial and corporate clients and is one of the largest financial conglomerates in Peru.

Through Banco de Crédito del Perú and its retail network, Credicorp provides a full suite of banking products including deposit accounts, consumer and commercial loans, mortgages, payment and transaction services, and digital banking solutions.