Credicorp Ltd. $BAP Shares Bought by Swedbank AB

Swedbank AB lifted its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 33.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,602 shares of the bank’s stock after acquiring an additional 14,142 shares during the quarter. Swedbank AB owned about 0.07% of Credicorp worth $16,245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in BAP. Brown Brothers Harriman & Co. acquired a new position in shares of Credicorp during the 3rd quarter valued at $35,000. Raymond James Financial Inc. acquired a new position in shares of Credicorp during the 2nd quarter valued at $38,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Credicorp during the 4th quarter valued at $46,000. Quarry LP acquired a new position in shares of Credicorp during the 3rd quarter valued at $46,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Credicorp by 44.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 188 shares of the bank’s stock valued at $54,000 after acquiring an additional 58 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

BAP has been the topic of several recent research reports. Zacks Research lowered shares of Credicorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. UBS Group lifted their target price on shares of Credicorp from $318.00 to $408.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Weiss Ratings upgraded shares of Credicorp from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, May 15th. The Goldman Sachs Group lifted their target price on shares of Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a report on Tuesday, February 17th. Finally, HSBC upgraded shares of Credicorp from a “hold” rating to a “buy” rating and lifted their target price for the company from $320.00 to $350.00 in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two 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 price target of $334.60.

Credicorp Stock Performance

Credicorp stock opened at $333.30 on Tuesday. Credicorp Ltd. has a 12-month low of $201.33 and a 12-month high of $380.20. The company has a market capitalization of $31.46 billion, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 0.75 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. The firm’s fifty day moving average price is $330.82 and its 200 day moving average price is $314.59.

Credicorp (NYSE:BAP) last released its quarterly 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 20.61%. The firm had revenue of $1.81 billion for the quarter. On average, research analysts forecast that Credicorp Ltd. will post 29.38 EPS for the current fiscal year.

About Credicorp

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.