Bank of New York Mellon Corp Purchases 536 Shares of Credicorp Ltd. (NYSE:BAP)

Bank of New York Mellon Corp grew its position in Credicorp Ltd. (NYSE:BAP) by 0.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 694,989 shares of the bank’s stock after purchasing an additional 536 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.87% of Credicorp worth $127,405,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. FMR LLC raised its position in shares of Credicorp by 6.1% in the third quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock valued at $623,735,000 after purchasing an additional 199,137 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Credicorp by 0.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,042,882 shares of the bank’s stock valued at $550,670,000 after purchasing an additional 13,868 shares during the period. Baillie Gifford & Co. grew its stake in shares of Credicorp by 2.5% in the third quarter. Baillie Gifford & Co. now owns 1,674,261 shares of the bank’s stock worth $302,991,000 after acquiring an additional 41,409 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Credicorp by 782.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,326,947 shares of the bank’s stock worth $240,138,000 after acquiring an additional 1,176,612 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Credicorp by 2.0% in the third quarter. State Street Corp now owns 1,123,023 shares of the bank’s stock worth $207,235,000 after acquiring an additional 21,943 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Credicorp Stock Up 0.6 %

BAP opened at $182.72 on Friday. Credicorp Ltd. has a fifty-two week low of $153.27 and a fifty-two week high of $200.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.07. The firm’s fifty day moving average price is $184.01 and its two-hundred day moving average price is $182.91. The company has a market capitalization of $14.53 billion, a P/E ratio of 9.94, a P/E/G ratio of 0.56 and a beta of 1.12.

Credicorp (NYSE:BAP) last posted its quarterly earnings results on Monday, February 10th. The bank reported $3.76 earnings per share for the quarter, missing analysts’ consensus estimates of $4.42 by ($0.66). Credicorp had a return on equity of 16.25% and a net margin of 20.94%. On average, analysts anticipate that Credicorp Ltd. will post 21.9 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BAP. JPMorgan Chase & Co. raised their price objective on shares of Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Bank of America downgraded shares of Credicorp from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $209.00 to $208.00 in a research note on Monday, December 16th.

About Credicorp

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.