INCA Investments LLC Buys 22,103 Shares of Credicorp Ltd. $BAP

INCA Investments LLC grew its stake in shares of Credicorp Ltd. (NYSE:BAP) by 11.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 216,050 shares of the bank’s stock after purchasing an additional 22,103 shares during the quarter. Credicorp makes up 26.5% of INCA Investments LLC’s investment portfolio, making the stock its largest position. INCA Investments LLC’s holdings in Credicorp were worth $57,530,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Credicorp during the 1st quarter worth approximately $78,000. DAVENPORT & Co LLC lifted its holdings in shares of Credicorp by 6.7% during the second quarter. DAVENPORT & Co LLC now owns 5,688 shares of the bank’s stock worth $1,271,000 after buying an additional 355 shares in the last quarter. Shell Asset Management Co. boosted its position in shares of Credicorp by 54.7% in the second quarter. Shell Asset Management Co. now owns 6,670 shares of the bank’s stock valued at $1,491,000 after acquiring an additional 2,358 shares during the period. Callan Family Office LLC grew its stake in shares of Credicorp by 232.0% in the second quarter. Callan Family Office LLC now owns 3,599 shares of the bank’s stock valued at $804,000 after acquiring an additional 2,515 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Credicorp by 9.2% in the second quarter. Blue Trust Inc. now owns 2,798 shares of the bank’s stock valued at $625,000 after acquiring an additional 235 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Stock Performance

Shares of Credicorp stock opened at $368.02 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.63. The company has a market cap of $29.27 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 0.79 and a beta of 0.87. The company has a 50 day moving average of $298.09 and a 200-day moving average of $269.92. Credicorp Ltd. has a 1-year low of $165.51 and a 1-year high of $368.78.

Credicorp (NYSE:BAP) last announced its quarterly earnings data on Thursday, November 13th. The bank reported $6.17 EPS for the quarter, beating the consensus estimate of $6.05 by $0.12. Credicorp had a net margin of 23.59% and a return on equity of 19.50%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.71 billion. As a group, equities research analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Credicorp in a research note on Monday, December 29th. Wall Street Zen cut shares of Credicorp from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. The Goldman Sachs Group boosted their price target on Credicorp from $263.00 to $293.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Finally, JPMorgan Chase & Co. increased their price target on Credicorp from $242.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $290.20.

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.