Aigen Investment Management LP Invests $329,000 in Credicorp Ltd. $BAP

Key Points

• Aigen Investment Management LP purchased 1,769 shares of Credicorp Ltd., valued at approximately $329,000, during the first quarter of the year.
• Several institutional investors have increased their stakes in Credicorp, with Massachusetts Financial Services Co. MA now owning over 3 million shares valued at $564 million.
• Credicorp's stock experienced a 0.5% decline recently, with a current consensus rating of "Hold" and a target price of $227.25 from analysts.

Aigen Investment Management LP purchased a new stake in Credicorp Ltd. (NYSE:BAP - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,769 shares of the bank's stock, valued at approximately $329,000.

Several other institutional investors have also recently bought and sold shares of the stock. Cerity Partners LLC increased its stake in shares of Credicorp by 31.8% in the 4th quarter. Cerity Partners LLC now owns 4,045 shares of the bank's stock valued at $735,000 after buying an additional 977 shares during the period. GAMMA Investing LLC lifted its stake in shares of Credicorp by 27,522.6% during the first quarter. GAMMA Investing LLC now owns 8,563 shares of the bank's stock valued at $1,594,000 after acquiring an additional 8,532 shares during the period. Quantinno Capital Management LP boosted its holdings in Credicorp by 29.5% in the fourth quarter. Quantinno Capital Management LP now owns 2,996 shares of the bank's stock valued at $549,000 after acquiring an additional 682 shares during the last quarter. Penserra Capital Management LLC bought a new position in Credicorp in the first quarter valued at about $122,000. Finally, First Trust Advisors LP increased its position in Credicorp by 42.0% in the fourth quarter. First Trust Advisors LP now owns 3,298 shares of the bank's stock worth $605,000 after purchasing an additional 975 shares during the period. Institutional investors own 89.81% of the company's stock.

Wall Street Analysts Forecast Growth

BAP has been the topic of a number of research reports. Wall Street Zen downgraded shares of Credicorp from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. UBS Group reiterated a "buy" rating on shares of Credicorp in a research report on Monday, June 2nd. Finally, The Goldman Sachs Group upgraded shares of Credicorp from a "sell" rating to a "neutral" rating and increased their price objective for the company from $174.00 to $225.00 in a report on Thursday, July 24th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $227.25.

Credicorp Stock Performance

Shares of BAP traded up $2.05 during mid-day trading on Monday, reaching $253.93. The company's stock had a trading volume of 205,412 shares, compared to its average volume of 313,523. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.49. The stock has a market cap of $20.20 billion, a P/E ratio of 13.81, a PEG ratio of 0.79 and a beta of 1.09. Credicorp Ltd. has a 1-year low of $165.48 and a 1-year high of $255.39. The business has a 50-day simple moving average of $229.05 and a two-hundred day simple moving average of $204.87.

Credicorp (NYSE:BAP - Get Free Report) last posted its earnings results on Thursday, August 14th. The bank reported $6.24 earnings per share for the quarter, topping analysts' consensus estimates of $5.73 by $0.51. The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.52 billion. Credicorp had a return on equity of 16.25% and a net margin of 20.94%. As a group, equities research analysts anticipate that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

About Credicorp

Credicorp Ltd. 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 Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.