Legal & General Group Plc lifted its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 412,161 shares of the bank’s stock after buying an additional 20,030 shares during the period. Legal & General Group Plc’s holdings in Credicorp were worth $91,359,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in BAP. Amundi Pioneer Asset Management Inc. lifted its position in Credicorp by 15.0% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 188,778 shares of the bank’s stock valued at $41,848,000 after purchasing an additional 24,616 shares during the period. Two Sigma Investments LP acquired a new stake in Credicorp in the fourth quarter valued at about $5,347,000. Baillie Gifford & Co. lifted its position in Credicorp by 1.5% in the fourth quarter. Baillie Gifford & Co. now owns 2,030,635 shares of the bank’s stock valued at $450,131,000 after purchasing an additional 29,708 shares during the period. Geode Capital Management LLC lifted its position in Credicorp by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 146,101 shares of the bank’s stock valued at $32,173,000 after purchasing an additional 592 shares during the period. Finally, Stifel Financial Corp acquired a new stake in Credicorp in the fourth quarter valued at about $350,000. Institutional investors and hedge funds own 67.08% of the company’s stock.

BAP stock opened at $239.88 on Tuesday. Credicorp Ltd. has a 12-month low of $207.41 and a 12-month high of $252.49. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.18 and a quick ratio of 1.16. The company has a market cap of $19.26 billion, a PE ratio of 16.12, a P/E/G ratio of 1.14 and a beta of 0.75.

Credicorp (NYSE:BAP) last posted its quarterly earnings results on Wednesday, February 6th. The bank reported $3.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.95 by ($0.37). Credicorp had a net margin of 25.05% and a return on equity of 17.24%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.07 billion. On average, analysts forecast that Credicorp Ltd. will post 16.92 earnings per share for the current year.

A number of equities research analysts recently commented on the stock. Bank of America downgraded shares of Credicorp from a “neutral” rating to an “underperform” rating in a research report on Monday, February 11th. JPMorgan Chase & Co. downgraded shares of Credicorp from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $232.00 to $240.00 in a research report on Monday, February 11th. ValuEngine downgraded shares of Credicorp from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. Zacks Investment Research downgraded shares of Credicorp from a “hold” rating to a “strong sell” rating in a research report on Monday, February 11th. Finally, TheStreet upgraded shares of Credicorp from a “c+” rating to a “b-” rating in a research report on Wednesday, January 23rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $254.50.

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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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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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