416,721 Shares in Credicorp Ltd. $BAP Acquired by Nuveen LLC

Key Points

• Nuveen LLC acquired 416,721 shares of Credicorp Ltd. during the first quarter, valued at approximately $77.6 million, representing 0.52% ownership of the company.
• Recent analyst activity includes a downgrade from a "buy" to a "hold" rating by Wall Street Zen, while Goldman Sachs upgraded Credicorp from "sell" to "neutral" and increased the price target from $174 to $225.
• Credicorp currently has a market capitalization of $19.87 billion and its stock has seen a 52-week range between $165.18 and $254.53.

Nuveen LLC acquired a new position in Credicorp Ltd. (NYSE:BAP - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 416,721 shares of the bank's stock, valued at approximately $77,577,000. Nuveen LLC owned about 0.52% of Credicorp at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. LPL Financial LLC lifted its position in Credicorp by 44.4% during the 4th quarter. LPL Financial LLC now owns 4,419 shares of the bank's stock worth $810,000 after acquiring an additional 1,358 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Credicorp by 40.3% in the fourth quarter. Alliancebernstein L.P. now owns 3,513 shares of the bank's stock worth $644,000 after purchasing an additional 1,009 shares during the period. Wells Fargo & Company MN lifted its position in shares of Credicorp by 45.7% during the 4th quarter. Wells Fargo & Company MN now owns 692 shares of the bank's stock worth $127,000 after purchasing an additional 217 shares during the last quarter. Cerity Partners LLC boosted its stake in Credicorp by 31.8% during the 4th quarter. Cerity Partners LLC now owns 4,045 shares of the bank's stock valued at $735,000 after purchasing an additional 977 shares during the period. Finally, Synovus Financial Corp grew its holdings in Credicorp by 1.7% in the 4th quarter. Synovus Financial Corp now owns 4,940 shares of the bank's stock valued at $906,000 after buying an additional 81 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BAP has been the topic of several research analyst reports. Wall Street Zen downgraded shares of Credicorp from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. UBS Group restated a "buy" rating on shares of Credicorp in a research report on Monday, June 2nd. Finally, The Goldman Sachs Group raised shares of Credicorp from a "sell" rating to a "neutral" rating and upped their price objective for the company from $174.00 to $225.00 in a research report on Thursday, July 24th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $227.25.

Credicorp Trading Up 0.8%

Credicorp stock traded up $2.05 during mid-day trading on Monday, hitting $253.93. The stock had a trading volume of 205,412 shares, compared to its average volume of 313,523. The stock has a market capitalization of $20.20 billion, a PE ratio of 13.81, a P/E/G ratio of 0.79 and a beta of 1.09. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.49. Credicorp Ltd. has a 12 month low of $165.48 and a 12 month high of $255.39. The stock 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 announced its quarterly earnings data on Thursday, August 14th. The bank reported $6.24 EPS for the quarter, topping analysts' consensus estimates of $5.73 by $0.51. Credicorp had a return on equity of 16.25% and a net margin of 20.94%. The business had revenue of $1.58 billion during the quarter, compared to analysts' expectations of $1.52 billion. As a group, sell-side analysts forecast that Credicorp Ltd. will post 21.9 EPS for the current 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.