Ninety One UK Ltd Acquires 49,031 Shares of Credicorp Ltd. (NYSE:BAP)

Ninety One UK Ltd lifted its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 4.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,089,334 shares of the bank’s stock after buying an additional 49,031 shares during the period. Ninety One UK Ltd owned about 1.37% of Credicorp worth $199,697,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB boosted its position in Credicorp by 37.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock valued at $41,000 after purchasing an additional 62 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Credicorp during the 3rd quarter worth approximately $58,000. R Squared Ltd bought a new stake in shares of Credicorp during the 4th quarter worth approximately $172,000. Aprio Wealth Management LLC acquired a new stake in shares of Credicorp in the 4th quarter valued at approximately $200,000. Finally, Dynamic Advisor Solutions LLC bought a new position in shares of Credicorp in the third quarter valued at $216,000. Institutional investors own 89.81% of the company’s stock.

Credicorp Price Performance

Credicorp stock opened at $185.85 on Wednesday. The stock’s fifty day moving average price is $185.43 and its two-hundred day moving average price is $180.83. The firm has a market cap of $14.78 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 0.49 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 1.07. Credicorp Ltd. has a one year low of $147.29 and a one year high of $200.00.

Credicorp (NYSE:BAP) last posted its quarterly earnings data on Thursday, November 7th. The bank reported $5.08 earnings per share for the quarter, topping the consensus estimate of $4.67 by $0.41. Credicorp had a net margin of 20.11% and a return on equity of 15.59%. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the business posted $4.23 earnings per share. As a group, research analysts expect that Credicorp Ltd. will post 18.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on BAP shares. JPMorgan Chase & Co. increased their price target on shares of Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group raised their target price on shares of Credicorp from $143.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday, October 8th. Finally, Bank of America lowered Credicorp from a “buy” rating to a “neutral” rating and dropped their price objective for the company 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.