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

Handelsbanken Fonder AB lifted its holdings in Credicorp Ltd. (NYSE:BAP) by 2.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 320,225 shares of the bank’s stock after buying an additional 7,309 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.40% of Credicorp worth $91,905,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new stake in Credicorp in the 3rd quarter valued at about $35,000. Raymond James Financial Inc. bought a new stake in Credicorp in the 2nd quarter valued at about $38,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Credicorp in the 4th quarter valued at about $46,000. Quarry LP bought a new stake in Credicorp in the 3rd quarter valued at about $46,000. Finally, Smartleaf Asset Management LLC lifted its position in Credicorp by 37.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 244 shares of the bank’s stock valued at $55,000 after purchasing an additional 66 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BAP has been the topic of several recent research reports. Zacks Research downgraded shares of Credicorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Weiss Ratings upgraded shares of Credicorp from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday. The Goldman Sachs Group lifted their price objective on shares of Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th. Finally, UBS Group lifted their price objective on shares of Credicorp from $318.00 to $408.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. Based on 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 opened at $304.27 on Tuesday. The firm’s 50 day moving average is $330.98 and its 200-day moving average is $312.08. The stock has a market capitalization of $28.72 billion, a P/E ratio of 11.73, a P/E/G ratio of 0.71 and a beta of 0.87. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.02 and a quick ratio of 1.02. Credicorp Ltd. has a 12-month low of $193.13 and a 12-month high of $380.20.

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

Credicorp Company 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.