4,889 Shares in Credicorp Ltd. $BAP Purchased by M&T Bank Corp

M&T Bank Corp acquired a new position in shares of Credicorp Ltd. (NYSE:BAP) in the 4th quarter, Holdings Channel reports. The fund acquired 4,889 shares of the bank’s stock, valued at approximately $1,403,000.

Several other large investors have also made changes to their positions in the business. Novem Group acquired a new position in shares of Credicorp during the 4th quarter worth about $1,189,000. Ninety One UK Ltd lifted its position in shares of Credicorp by 14.7% during the 4th quarter. Ninety One UK Ltd now owns 400,531 shares of the bank’s stock worth $114,952,000 after purchasing an additional 51,308 shares during the last quarter. Ninety One North America Inc. lifted its position in shares of Credicorp by 9.9% during the 4th quarter. Ninety One North America Inc. now owns 166,814 shares of the bank’s stock worth $47,876,000 after purchasing an additional 14,994 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Credicorp during the 4th quarter worth about $46,000. Finally, CWM LLC lifted its position in shares of Credicorp by 16.2% during the 4th quarter. CWM LLC now owns 394 shares of the bank’s stock worth $113,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on BAP. Zacks Research cut Credicorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. UBS Group upped their price target on Credicorp from $318.00 to $408.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Finally, The Goldman Sachs Group upped their price target on Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a report on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $315.60.

Credicorp Trading Down 0.9%

BAP stock opened at $317.80 on Thursday. Credicorp Ltd. has a 1-year low of $193.13 and a 1-year high of $380.20. The firm has a market cap of $29.99 billion, a P/E ratio of 13.07, a P/E/G ratio of 0.72 and a beta of 0.93. The business’s 50 day moving average is $336.52 and its 200-day moving average is $306.61. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36.

Credicorp (NYSE:BAP) last released its quarterly earnings data on Sunday, February 1st. The bank reported $5.91 earnings per share for the quarter. Credicorp had a return on equity of 20.43% and a net margin of 24.53%.The company had revenue of $1.81 billion for the quarter. Equities analysts anticipate that Credicorp Ltd. will post 29.09 earnings per share 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.