Two Sigma Advisers LP reduced its position in Credicorp (NYSE:BAP) by 8.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,697 shares of the bank’s stock after selling 24,200 shares during the period. Two Sigma Advisers LP owned approximately 0.33% of Credicorp worth $54,699,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in Credicorp by 2.3% during the 4th quarter. BlackRock Inc. now owns 3,847,202 shares of the bank’s stock worth $798,024,000 after purchasing an additional 85,134 shares during the last quarter. OppenheimerFunds Inc. grew its position in shares of Credicorp by 51.8% in the 4th quarter. OppenheimerFunds Inc. now owns 1,991,220 shares of the bank’s stock worth $413,039,000 after acquiring an additional 679,301 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Credicorp by 2.9% in the 4th quarter. Fisher Asset Management LLC now owns 1,295,694 shares of the bank’s stock worth $268,766,000 after acquiring an additional 36,023 shares in the last quarter. Vontobel Asset Management Inc. grew its position in shares of Credicorp by 19.5% in the 4th quarter. Vontobel Asset Management Inc. now owns 1,280,187 shares of the bank’s stock worth $268,690,000 after acquiring an additional 208,454 shares in the last quarter. Finally, Schroder Investment Management Group grew its position in shares of Credicorp by 104.4% in the 4th quarter. Schroder Investment Management Group now owns 1,220,510 shares of the bank’s stock worth $253,170,000 after acquiring an additional 623,444 shares in the last quarter. 66.57% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on BAP shares. Zacks Investment Research lowered Credicorp from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. ValuEngine upgraded Credicorp from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. Finally, Citigroup upgraded Credicorp from a “neutral” rating to a “buy” rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $229.25.
Shares of Credicorp stock opened at $234.68 on Friday. The firm has a market cap of $18,656.10, a PE ratio of 14.91, a P/E/G ratio of 1.27 and a beta of 0.85. The company has a current ratio of 1.11, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73. Credicorp has a 12-month low of $150.71 and a 12-month high of $239.04.
Credicorp (NYSE:BAP) last announced its earnings results on Monday, February 5th. The bank reported $4.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.58 by $0.53. The company had revenue of $1.03 billion for the quarter. Credicorp had a return on equity of 19.02% and a net margin of 25.87%. equities research analysts predict that Credicorp will post 15.93 EPS for the current fiscal year.
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Credicorp Ltd., through its banking and non-banking subsidiaries, provides a range of financial, insurance, and health services and products primarily in Peru and internationally. It operates through four segments: Banking, Insurance, Pension Funds, and Investment Banking. The company offers deposits, current accounts, loans, and credit facilities; and provides private pension fund management services to affiliated pensioners.
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