Swedbank AB Grows Holdings in Credicorp Ltd. $BAP

Swedbank AB increased its position in shares of Credicorp Ltd. (NYSE:BAP) by 33.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,602 shares of the bank’s stock after buying an additional 14,142 shares during the period. Swedbank AB’s holdings in Credicorp were worth $16,245,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Guinness Asset Management LTD increased its position in shares of Credicorp by 19.3% in the 4th quarter. Guinness Asset Management LTD now owns 2,095 shares of the bank’s stock worth $610,000 after purchasing an additional 339 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Credicorp by 44.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 188 shares of the bank’s stock worth $54,000 after purchasing an additional 58 shares during the last quarter. Carrhae Capital LLP bought a new stake in shares of Credicorp in the 4th quarter worth about $48,331,000. Pzena Investment Management LLC increased its position in shares of Credicorp by 1.5% in the 4th quarter. Pzena Investment Management LLC now owns 1,068,942 shares of the bank’s stock worth $306,786,000 after purchasing an additional 15,886 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of Credicorp by 2,474.2% in the 4th quarter. Global Retirement Partners LLC now owns 2,291 shares of the bank’s stock worth $658,000 after purchasing an additional 2,202 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Credicorp Price Performance

Shares of NYSE:BAP opened at $333.30 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.36. Credicorp Ltd. has a fifty-two week low of $201.33 and a fifty-two week high of $380.20. The firm has a 50-day simple moving average of $330.82 and a 200 day simple moving average of $314.59. The company has a market cap of $31.46 billion, a PE ratio of 12.85, a P/E/G ratio of 0.75 and a beta of 0.87.

Credicorp (NYSE:BAP) last announced its quarterly earnings data on Sunday, February 1st. The bank reported $5.91 earnings per share for the quarter. Credicorp had a net margin of 24.81% and a return on equity of 20.61%. The business had revenue of $1.81 billion during the quarter. On average, sell-side analysts anticipate that Credicorp Ltd. will post 29.38 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Zacks Research downgraded shares of Credicorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. The Goldman Sachs Group boosted their target price on shares of Credicorp from $293.00 to $330.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. HSBC raised shares of Credicorp from a “hold” rating to a “buy” rating and boosted their target price for the stock from $320.00 to $350.00 in a research report on Tuesday, May 19th. UBS Group boosted their target price on shares of Credicorp from $318.00 to $408.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Finally, Weiss Ratings raised shares of Credicorp from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Credicorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $334.60.

About Credicorp

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.