Credicorp Ltd. $BAP is INCA Investments LLC’s Largest Position

INCA Investments LLC lifted its position in Credicorp Ltd. (NYSE:BAP) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 228,233 shares of the bank’s stock after purchasing an additional 12,183 shares during the period. Credicorp accounts for about 22.9% of INCA Investments LLC’s investment portfolio, making the stock its biggest position. INCA Investments LLC’s holdings in Credicorp were worth $65,503,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Cigna Investments Inc. New boosted its holdings in shares of Credicorp by 2.8% in the fourth quarter. Cigna Investments Inc. New now owns 1,172 shares of the bank’s stock valued at $336,000 after purchasing an additional 32 shares during the period. Perpetual Ltd boosted its holdings in shares of Credicorp by 0.5% in the fourth quarter. Perpetual Ltd now owns 6,418 shares of the bank’s stock valued at $1,842,000 after purchasing an additional 34 shares during the period. One Wealth Advisors LLC lifted its holdings in Credicorp by 2.5% during the third quarter. One Wealth Advisors LLC now owns 1,781 shares of the bank’s stock worth $474,000 after buying an additional 43 shares during the period. Fiduciary Trust Co lifted its holdings in Credicorp by 1.8% during the third quarter. Fiduciary Trust Co now owns 2,849 shares of the bank’s stock worth $759,000 after buying an additional 50 shares during the period. Finally, Natural Investments LLC lifted its holdings in Credicorp by 1.6% during the fourth quarter. Natural Investments LLC now owns 3,292 shares of the bank’s stock worth $944,000 after buying an additional 53 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

BAP has been the subject of a number of analyst reports. Zacks Research lowered Credicorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. The Goldman Sachs Group upped their target price on Credicorp from $293.00 to $330.00 and gave the stock a “neutral” rating in a report on Tuesday, February 17th. Finally, UBS Group upped their target price on Credicorp from $318.00 to $408.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $315.60.

Credicorp Stock Performance

Shares of BAP stock opened at $323.83 on Wednesday. The business’s fifty day simple moving average is $332.85 and its 200-day simple moving average is $310.43. The company has a market cap of $30.56 billion, a PE ratio of 13.32, a PEG ratio of 0.72 and a beta of 0.87. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36. Credicorp Ltd. has a 12-month low of $193.13 and a 12-month high of $380.20.

Credicorp (NYSE:BAP) last issued its quarterly earnings results on Sunday, February 1st. The bank reported $5.91 earnings per share (EPS) for the quarter. The business had revenue of $1.81 billion for the quarter. Credicorp had a return on equity of 20.43% and a net margin of 24.53%. Analysts expect that Credicorp Ltd. will post 29.09 earnings per share for the current fiscal 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.