West Family Investments Inc. Acquires Shares of 1,151 Credicorp Ltd. $BAP

West Family Investments Inc. bought a new position in shares of Credicorp Ltd. (NYSE:BAP) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,151 shares of the bank’s stock, valued at approximately $257,000.

Other hedge funds also recently modified their holdings of the company. MAI Capital Management grew its stake in Credicorp by 5,300.0% during the second quarter. MAI Capital Management now owns 162 shares of the bank’s stock worth $36,000 after buying an additional 159 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Credicorp during the 1st quarter worth approximately $35,000. First Horizon Advisors Inc. boosted its position in shares of Credicorp by 33.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 283 shares of the bank’s stock worth $63,000 after acquiring an additional 71 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Credicorp in the first quarter valued at approximately $78,000. Finally, Advisors Asset Management Inc. bought a new position in Credicorp in the first quarter valued at approximately $88,000. Institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Credicorp in a research note on Monday, November 24th. HSBC downgraded shares of Credicorp from a “buy” rating to a “hold” rating and raised their price target for the company from $225.00 to $255.00 in a research note on Friday, September 5th. Wall Street Zen upgraded shares of Credicorp from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. Citigroup increased their price objective on shares of Credicorp from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Finally, UBS Group raised their target price on shares of Credicorp from $257.00 to $318.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $265.17.

Credicorp Stock Up 0.5%

Credicorp stock opened at $257.21 on Monday. The company has a market capitalization of $20.46 billion, a PE ratio of 12.19, a PEG ratio of 0.71 and a beta of 1.09. Credicorp Ltd. has a 12-month low of $165.51 and a 12-month high of $280.88. The firm’s fifty day moving average is $258.22 and its 200 day moving average is $242.19. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.49.

Credicorp (NYSE:BAP) last posted its quarterly earnings results on Thursday, November 13th. The bank reported $6.17 earnings per share for the quarter, beating the consensus estimate of $6.05 by $0.12. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.71 billion. Credicorp had a net margin of 23.22% and a return on equity of 17.94%. As a group, sell-side analysts predict that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

Credicorp Company Profile

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.