American Century Companies Inc. Buys 11,513 Shares of Credicorp Ltd. $BAP

Key Points

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American Century Companies Inc. lifted its position in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 3.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 329,724 shares of the bank's stock after purchasing an additional 11,513 shares during the quarter. American Century Companies Inc. owned 0.41% of Credicorp worth $61,381,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BAP. LPL Financial LLC raised its position in shares of Credicorp by 44.4% during the fourth quarter. LPL Financial LLC now owns 4,419 shares of the bank's stock worth $810,000 after purchasing an additional 1,358 shares during the period. Wells Fargo & Company MN raised its position in shares of Credicorp by 45.7% during the fourth 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 period. Cerity Partners LLC raised its position in 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 last quarter. Guggenheim Capital LLC lifted its stake in Credicorp by 8.9% during the 4th quarter. Guggenheim Capital LLC now owns 6,536 shares of the bank's stock valued at $1,198,000 after acquiring an additional 534 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Credicorp by 42.0% during the 4th quarter. First Trust Advisors LP now owns 3,298 shares of the bank's stock valued at $605,000 after acquiring an additional 975 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on BAP. Citigroup raised their price objective on Credicorp from $255.00 to $275.00 and gave the company a "buy" rating in a research note on Wednesday. The Goldman Sachs Group upgraded Credicorp from a "sell" rating to a "neutral" rating and raised their price objective for the company from $174.00 to $225.00 in a research note on Thursday, July 24th. Wall Street Zen upgraded Credicorp from a "hold" rating to a "buy" rating in a research note on Friday. Finally, UBS Group restated a "buy" rating on shares of Credicorp in a research note on Monday, June 2nd. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $236.80.

Credicorp Stock Performance

Shares of Credicorp stock traded up $3.8110 during trading hours on Friday, hitting $254.9210. 409,947 shares of the company's stock traded hands, compared to its average volume of 385,123. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $20.28 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 0.71 and a beta of 1.09. Credicorp Ltd. has a 12-month low of $165.51 and a 12-month high of $256.99. The company has a fifty day simple moving average of $232.55 and a 200-day simple moving average of $207.16.

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