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

Key Points

• M&T Bank Corp initiated a new position in Credicorp (NYSE: BAP) in Q4, acquiring 4,889 shares valued at approximately $1.403 million.
• Credicorp is heavily institutionally owned (about 89.81%), with several large funds recently adding or initiating big stakes—e.g., Capital World Investors (~$434M), Invesco (~1.35M shares, ~$359M) and William Blair (820,073 shares after a 71.6% increase).
• The stock trades around $317.80 within a 52-week range of $193.13–$380.20, has a market cap near $30B and a P/E of 13.07, while analyst sentiment is a Moderate Buy (average target ~$315.60) and UBS recently raised its target to $408.00.

M&T Bank Corp acquired a new position in Credicorp Ltd. (NYSE:BAP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,889 shares of the bank's stock, valued at approximately $1,403,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BAP. Capital World Investors purchased a new position in Credicorp in the third quarter valued at about $434,014,000. William Blair Investment Management LLC grew its stake in Credicorp by 71.6% in the third quarter. William Blair Investment Management LLC now owns 820,073 shares of the bank's stock valued at $218,369,000 after purchasing an additional 342,308 shares in the last quarter. Mondrian Investment Partners LTD purchased a new position in Credicorp in the third quarter valued at about $78,211,000. Invesco Ltd. grew its stake in Credicorp by 27.4% in the third quarter. Invesco Ltd. now owns 1,349,408 shares of the bank's stock valued at $359,320,000 after purchasing an additional 290,585 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Credicorp by 125.5% in the second quarter. Bank of America Corp DE now owns 491,046 shares of the bank's stock valued at $109,759,000 after purchasing an additional 273,305 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

Credicorp Price Performance

Shares of NYSE:BAP opened at $317.80 on Thursday. Credicorp Ltd. has a fifty-two week low of $193.13 and a fifty-two week high of $380.20. The business has a 50-day moving average of $336.52 and a two-hundred day moving average of $306.61. The stock has a market capitalization 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 company has a debt-to-equity ratio of 0.36, a current ratio of 1.02 and a quick ratio of 1.07.

Credicorp (NYSE:BAP - Get Free Report) last announced its quarterly earnings results 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 during the quarter. On average, equities research analysts predict that Credicorp Ltd. will post 29.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on BAP shares. UBS Group boosted their target price on Credicorp from $318.00 to $408.00 and gave the company a "buy" rating in a research note on Tuesday, April 21st. Zacks Research downgraded Credicorp from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 24th. Finally, The Goldman Sachs Group boosted their target price on Credicorp from $293.00 to $330.00 and gave the company a "neutral" rating in a research note on Tuesday, February 17th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $315.60.

Credicorp Company Profile

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.

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