Capital World Investors Has $630.08 Million Holdings in Credicorp Ltd. $BAP

Capital World Investors boosted its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 34.7% in the fourth quarter, HoldingsChannel reports. The fund owned 2,195,404 shares of the bank’s stock after buying an additional 565,490 shares during the quarter. Capital World Investors’ holdings in Credicorp were worth $630,081,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. TD Asset Management Inc raised its stake in shares of Credicorp by 1.6% during the 4th quarter. TD Asset Management Inc now owns 1,853 shares of the bank’s stock worth $532,000 after purchasing an additional 29 shares in the last quarter. Cigna Investments Inc. New raised its stake in shares of Credicorp by 2.8% during the 4th quarter. Cigna Investments Inc. New now owns 1,172 shares of the bank’s stock worth $336,000 after purchasing an additional 32 shares in the last quarter. Perpetual Ltd raised its stake in shares of Credicorp by 0.5% during the 4th quarter. Perpetual Ltd now owns 6,418 shares of the bank’s stock worth $1,842,000 after purchasing an additional 34 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Credicorp by 0.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 10,162 shares of the bank’s stock worth $2,916,000 after purchasing an additional 42 shares in the last quarter. Finally, Fiduciary Trust Co raised its stake in shares of Credicorp by 1.8% during the 3rd quarter. Fiduciary Trust Co now owns 2,849 shares of the bank’s stock worth $759,000 after purchasing an additional 50 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Stock Down 0.1%

Shares of BAP stock opened at $322.17 on Monday. The stock’s 50 day simple moving average is $332.43 and its 200 day simple moving average is $319.75. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.02 and a current ratio of 1.02. Credicorp Ltd. has a twelve month low of $212.31 and a twelve month high of $380.20. The company has a market capitalization of $30.41 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 0.70 and a beta of 0.89.

Credicorp (NYSE:BAP) last issued its quarterly earnings data on Sunday, February 1st. The bank reported $5.91 earnings per share for the quarter. Credicorp had a return on equity of 20.61% and a net margin of 24.81%.The business had revenue of $1.81 billion for the quarter. As a group, research analysts predict that Credicorp Ltd. will post 29.61 EPS for the current year.

Wall Street Analysts Forecast Growth

BAP has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised their price target on Credicorp from $412.00 to $415.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. The Goldman Sachs Group raised their price target on Credicorp from $293.00 to $330.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. HSBC raised Credicorp from a “hold” rating to a “buy” rating and raised their price target for the stock from $320.00 to $350.00 in a research note on Tuesday, May 19th. Weiss Ratings downgraded Credicorp from a “buy (a-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. Finally, UBS Group raised their price target on Credicorp from $408.00 to $412.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $356.40.

Insider Buying and Selling at Credicorp

In related news, CFO Alejandro Perez-Reyes sold 1,073 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $337.50, for a total value of $362,137.50. Following the transaction, the chief financial officer directly owned 1,745 shares of the company’s stock, valued at approximately $588,937.50. This trade represents a 38.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 15.90% of the company’s stock.

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.