APG Asset Management N.V. Has $67.43 Million Holdings in Credicorp Ltd. (BAP)
APG Asset Management N.V. decreased its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 0.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 347,745 shares of the bank’s stock after selling 400 shares during the quarter. APG Asset Management N.V.’s holdings in Credicorp were worth $67,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in Credicorp by 31.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 358 shares of the bank’s stock valued at $80,000 after acquiring an additional 85 shares during the period. Thornburg Investment Management Inc. bought a new stake in Credicorp during the 4th quarter valued at $116,000. We Are One Seven LLC bought a new stake in Credicorp during the 4th quarter valued at $142,000. Quadrant Capital Group LLC raised its holdings in Credicorp by 716.5% during the 4th quarter. Quadrant Capital Group LLC now owns 841 shares of the bank’s stock valued at $184,000 after acquiring an additional 738 shares during the period. Finally, Henry James International Management Inc. bought a new stake in Credicorp during the 3rd quarter valued at $205,000. 67.08% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have issued reports on BAP. Zacks Investment Research cut shares of Credicorp from a “hold” rating to a “strong sell” rating in a report on Monday, February 11th. TheStreet raised shares of Credicorp from a “c+” rating to a “b-” rating in a report on Wednesday, January 23rd. ValuEngine raised shares of Credicorp from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. UBS Group raised shares of Credicorp from a “market perform” rating to an “outperform” rating in a report on Thursday, December 6th. Finally, Itau BBA Securities raised shares of Credicorp from a “market perform” rating to an “outperform” rating and set a $274.00 price target on the stock in a report on Friday, December 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $254.50.
Credicorp (NYSE:BAP) last released its quarterly earnings results on Wednesday, February 6th. The bank reported $3.58 earnings per share for the quarter, missing the consensus estimate of $3.95 by ($0.37). The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.07 billion. Credicorp had a return on equity of 17.24% and a net margin of 25.05%. As a group, sell-side analysts anticipate that Credicorp Ltd. will post 16.92 earnings per share for the current year.
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Credicorp Company Profile
Credicorp Ltd., through its banking and non-banking subsidiaries, provides a range of financial, insurance, and health services and products primarily in Peru and internationally. It operates through four segments: Banking, Insurance, Pension Funds, and Investment Banking. The company offers deposits, current accounts, loans, and credit facilities; and provides private pension fund management services to affiliated pensioners.
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