Credicorp Ltd. (NYSE:BAP) Position Increased by Parallel Advisors LLC

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Parallel Advisors LLC grew its position in shares of Credicorp Ltd. (NYSE:BAP) by 19.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 343 shares of the bank’s stock after acquiring an additional 57 shares during the quarter. Parallel Advisors LLC’s holdings in Credicorp were worth $71,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in BAP. Invesco Ltd. boosted its holdings in shares of Credicorp by 1,296.9% during the second quarter. Invesco Ltd. now owns 4,333,938 shares of the bank’s stock valued at $992,083,000 after acquiring an additional 4,023,686 shares during the period. Genesis Investment Management LLP acquired a new position in shares of Credicorp during the third quarter valued at $184,519,000. JPMorgan Chase & Co. boosted its holdings in shares of Credicorp by 10.5% during the second quarter. JPMorgan Chase & Co. now owns 3,086,018 shares of the bank’s stock valued at $712,871,000 after acquiring an additional 292,335 shares during the period. Bank of Nova Scotia boosted its holdings in shares of Credicorp by 28.5% during the second quarter. Bank of Nova Scotia now owns 1,136,478 shares of the bank’s stock valued at $260,151,000 after acquiring an additional 252,359 shares during the period. Finally, Nuveen Asset Management LLC acquired a new position in shares of Credicorp during the second quarter valued at $32,586,000. 66.74% of the stock is owned by institutional investors.

BAP stock traded up $1.90 during trading on Wednesday, hitting $205.67. The company had a trading volume of 2,515 shares, compared to its average volume of 297,077. The firm has a market capitalization of $16.49 billion, a price-to-earnings ratio of 13.83, a P/E/G ratio of 1.04 and a beta of 0.70. The business has a 50 day moving average of $209.87 and a 200 day moving average of $218.44. Credicorp Ltd. has a fifty-two week low of $199.83 and a fifty-two week high of $252.49. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.59.

Credicorp (NYSE:BAP) last posted its quarterly earnings data on Thursday, November 7th. The bank reported $4.09 earnings per share for the quarter, missing the consensus estimate of $4.25 by ($0.16). The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.07 billion. Credicorp had a return on equity of 16.55% and a net margin of 24.52%. As a group, equities analysts predict that Credicorp Ltd. will post 16.52 EPS for the current year.

The business also recently disclosed a dividend, which will be paid on Friday, November 22nd. Investors of record on Wednesday, October 23rd will be issued a $8.00 dividend. The ex-dividend date of this dividend is Monday, October 21st. Credicorp’s payout ratio is currently 40.79%.

In related news, insider Abotomey Darryl sold 105,790 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $7.21, for a total value of $762,745.90. Corporate insiders own 15.90% of the company’s stock.

BAP has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Credicorp from a “hold” rating to a “sell” rating in a report on Tuesday. Bank of America raised shares of Credicorp from an “underperform” rating to a “buy” rating in a report on Thursday, September 5th. JPMorgan Chase & Co. raised shares of Credicorp from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $232.00 to $250.00 in a report on Tuesday, August 13th. ValuEngine raised shares of Credicorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, HSBC raised shares of Credicorp from a “hold” rating to a “buy” rating and boosted their price target for the company from $245.00 to $250.00 in a report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $258.00.

Credicorp Company Profile

Credicorp Ltd., a financial services holding company, 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 Wealth Management segments. The company offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.

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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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