William Blair Investment Management LLC Purchases 342,308 Shares of Credicorp Ltd. $BAP

William Blair Investment Management LLC lifted its position in shares of Credicorp Ltd. (NYSE:BAP) by 71.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 820,073 shares of the bank’s stock after acquiring an additional 342,308 shares during the quarter. William Blair Investment Management LLC owned approximately 1.03% of Credicorp worth $218,369,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BAP. Massachusetts Financial Services Co. MA grew its stake in Credicorp by 7.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,038,098 shares of the bank’s stock valued at $808,985,000 after buying an additional 223,497 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Credicorp by 4.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,650,293 shares of the bank’s stock worth $368,873,000 after purchasing an additional 67,249 shares during the period. State Street Corp grew its holdings in Credicorp by 1.6% during the 2nd quarter. State Street Corp now owns 1,197,536 shares of the bank’s stock valued at $267,673,000 after buying an additional 19,361 shares in the last quarter. Pzena Investment Management LLC increased its position in shares of Credicorp by 2.5% during the third quarter. Pzena Investment Management LLC now owns 1,053,056 shares of the bank’s stock valued at $280,408,000 after buying an additional 25,339 shares during the period. Finally, Bank of Nova Scotia lifted its holdings in shares of Credicorp by 17.1% in the second quarter. Bank of Nova Scotia now owns 1,015,409 shares of the bank’s stock worth $226,964,000 after buying an additional 148,062 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Stock Down 2.3%

Shares of BAP opened at $347.17 on Friday. Credicorp Ltd. has a 1 year low of $165.51 and a 1 year high of $380.20. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a 50 day simple moving average of $327.96 and a two-hundred day simple moving average of $284.40. The firm has a market cap of $27.61 billion, a P/E ratio of 14.28, a P/E/G ratio of 0.79 and a beta of 0.87.

Credicorp (NYSE:BAP) last announced its quarterly earnings data on Tuesday, February 17th. The bank reported $5.88 earnings per share for the quarter, missing analysts’ consensus estimates of $6.61 by ($0.73). Credicorp had a return on equity of 21.54% and a net margin of 24.53%.The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.77 billion. On average, analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on BAP. Zacks Research lowered shares of Credicorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Credicorp in a report on Monday, December 29th. JPMorgan Chase & Co. increased their price objective on Credicorp from $242.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. Wall Street Zen cut Credicorp from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Finally, The Goldman Sachs Group raised their price target on Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a report on Tuesday, February 17th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $297.60.

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.