Credicorp Ltd. (NYSE:BAP) Shares Bought by Banco BTG Pactual S.A.

Banco BTG Pactual S.A. grew its holdings in Credicorp Ltd. (NYSE:BAP) by 1.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 8,134 shares of the bank’s stock after acquiring an additional 81 shares during the quarter. Banco BTG Pactual S.A.’s holdings in Credicorp were worth $1,497,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BAP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Credicorp by 782.7% during 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 purchasing an additional 1,176,612 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Credicorp in the third quarter valued at approximately $42,794,000. GQG Partners LLC purchased a new stake in shares of Credicorp in the 4th quarter valued at $40,187,000. FMR LLC increased its stake in Credicorp by 6.1% during the third quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock worth $623,735,000 after purchasing an additional 199,137 shares during the period. Finally, TT International Asset Management LTD purchased a new stake in shares of Credicorp during the third quarter worth $25,081,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Stock Up 2.6 %

BAP stock opened at $197.24 on Wednesday. Credicorp Ltd. has a twelve month low of $153.27 and a twelve month high of $200.00. The stock has a market cap of $15.69 billion, a P/E ratio of 10.73, a PEG ratio of 0.56 and a beta of 1.10. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. The company’s 50 day moving average is $185.38 and its two-hundred day moving average is $185.10.

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 analysts’ consensus estimates of $4.42 by ($0.66). Credicorp had a net margin of 20.94% and a return on equity of 16.25%. Research analysts expect that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Bank of America lowered shares of Credicorp from a “buy” rating to a “neutral” rating and cut their target price for the stock from $209.00 to $208.00 in a research note on Monday, December 16th.

Credicorp Company 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.