Credicorp Ltd. (NYSE:BAP) Position Lifted by Assetmark Inc.

Assetmark Inc. raised its stake in shares of Credicorp Ltd. (NYSE:BAP) by 173.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,701 shares of the bank’s stock after acquiring an additional 11,220 shares during the quarter. Assetmark Inc.’s holdings in Credicorp were worth $3,245,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BAP. MassMutual Private Wealth & Trust FSB lifted its position in shares of Credicorp by 37.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock worth $41,000 after buying an additional 62 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Credicorp in the 3rd quarter worth about $58,000. R Squared Ltd bought a new position in shares of Credicorp in the 4th quarter worth about $172,000. Aprio Wealth Management LLC bought a new position in shares of Credicorp in the 4th quarter worth about $200,000. Finally, Park Avenue Securities LLC bought a new position in shares of Credicorp in the 4th quarter worth about $238,000. 89.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Credicorp Trading Down 0.2 %

Shares of NYSE:BAP opened at $181.68 on Monday. The company has a market cap of $14.45 billion, a PE ratio of 9.88, a P/E/G ratio of 0.56 and a beta of 1.10. The company’s 50-day moving average price is $184.05 and its 200 day moving average price is $183.64. Credicorp Ltd. has a fifty-two week low of $153.27 and a fifty-two week high of $200.00. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.68.

Credicorp (NYSE:BAP) last issued its quarterly earnings data on Monday, February 10th. The bank reported $3.76 earnings per share for the quarter, missing the consensus estimate of $4.42 by ($0.66). Credicorp had a net margin of 20.94% and a return on equity of 16.25%. Sell-side analysts anticipate that Credicorp Ltd. will post 21.9 earnings per share 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.