Credicorp Ltd. $BAP Stock Holdings Lifted by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its position in Credicorp Ltd. (NYSE:BAP) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 320,225 shares of the bank’s stock after acquiring an additional 7,309 shares during the period. Handelsbanken Fonder AB’s holdings in Credicorp were worth $91,905,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Capital World Investors purchased a new position in shares of Credicorp in the third quarter worth approximately $434,014,000. Invesco Ltd. increased its position in shares of Credicorp by 27.4% in the third quarter. Invesco Ltd. now owns 1,349,408 shares of the bank’s stock worth $359,320,000 after acquiring an additional 290,585 shares in the last quarter. State Street Corp increased its position in shares of Credicorp by 5.8% in the third quarter. State Street Corp now owns 1,267,553 shares of the bank’s stock worth $337,524,000 after acquiring an additional 70,017 shares in the last quarter. Pzena Investment Management LLC increased its position in shares of Credicorp by 2.5% in the third quarter. Pzena Investment Management LLC now owns 1,053,056 shares of the bank’s stock worth $280,408,000 after acquiring an additional 25,339 shares in the last quarter. Finally, Bank of Nova Scotia boosted its holdings in shares of Credicorp by 1.5% during the third quarter. Bank of Nova Scotia now owns 1,030,687 shares of the bank’s stock worth $274,451,000 after purchasing an additional 15,278 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BAP has been the subject of several research reports. UBS Group raised their price target on shares of Credicorp from $318.00 to $408.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Zacks Research cut shares of Credicorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. The Goldman Sachs Group raised their price target on shares of Credicorp from $293.00 to $330.00 and gave the stock a “neutral” rating in a report on Tuesday, February 17th. Finally, Weiss Ratings upgraded shares of Credicorp from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $315.60.

Credicorp Trading Down 3.8%

Credicorp stock opened at $304.27 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.02 and a current ratio of 1.02. The business’s 50-day simple moving average is $330.98 and its 200-day simple moving average is $312.08. The firm has a market capitalization of $28.72 billion, a PE ratio of 11.73, a PEG ratio of 0.71 and a beta of 0.87. Credicorp Ltd. has a 52 week low of $193.13 and a 52 week high of $380.20.

Credicorp (NYSE:BAP) last announced its earnings results on Sunday, February 1st. The bank reported $5.91 earnings per share (EPS) for the quarter. Credicorp had a net margin of 24.81% and a return on equity of 22.05%. The business had revenue of $1.81 billion for the quarter. Equities research analysts forecast that Credicorp Ltd. will post 29.09 earnings per share for the current year.

Credicorp 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.