OMERS ADMINISTRATION Corp Has $1.71 Million Position in Credicorp Ltd. $BAP

Key Points

• OMERS ADMINISTRATION Corp increased its holdings in Credicorp Ltd. by 84.0%, acquiring an additional 4,200 shares to bring its total to 9,200 shares, valued at approximately $1.71 million.
• Several other institutional investors also boosted their positions, leading to an ownership of 89.81% of the company's stock by institutional investors and hedge funds.
• Credicorp reported earnings of $6.24 per share in its latest quarterly data, exceeding the consensus estimate of $5.73 and generating a revenue of $1.58 billion.

OMERS ADMINISTRATION Corp boosted its holdings in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 84.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,200 shares of the bank's stock after buying an additional 4,200 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Credicorp were worth $1,713,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Cerity Partners LLC increased its position in Credicorp by 37.1% during the first quarter. Cerity Partners LLC now owns 5,545 shares of the bank's stock worth $1,032,000 after buying an additional 1,500 shares during the last quarter. GAMMA Investing LLC increased its position in Credicorp by 27,522.6% during the first quarter. GAMMA Investing LLC now owns 8,563 shares of the bank's stock worth $1,594,000 after buying an additional 8,532 shares during the last quarter. Quantinno Capital Management LP increased its position in Credicorp by 29.5% during the fourth quarter. Quantinno Capital Management LP now owns 2,996 shares of the bank's stock worth $549,000 after buying an additional 682 shares during the last quarter. Penserra Capital Management LLC acquired a new position in Credicorp during the first quarter worth approximately $122,000. Finally, First Trust Advisors LP increased its position in Credicorp by 42.0% during the fourth quarter. First Trust Advisors LP now owns 3,298 shares of the bank's stock worth $605,000 after buying an additional 975 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Wall Street Zen raised Credicorp from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. The Goldman Sachs Group raised Credicorp from a "sell" rating to a "neutral" rating and upped their target price for the company from $174.00 to $225.00 in a research report on Thursday, July 24th. UBS Group reaffirmed a "buy" rating on shares of Credicorp in a research report on Monday, June 2nd. Finally, Citigroup upped their target price on Credicorp from $255.00 to $275.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $236.80.

Credicorp Price Performance

Shares of BAP traded up $2.98 during trading hours on Tuesday, reaching $260.18. The stock had a trading volume of 360,172 shares, compared to its average volume of 351,529. The stock has a market capitalization of $20.69 billion, a PE ratio of 14.15, a PEG ratio of 0.71 and a beta of 1.12. Credicorp Ltd. has a 12 month low of $165.51 and a 12 month high of $260.27. The company's 50-day moving average is $237.81 and its two-hundred day moving average is $210.33. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.08 and a current ratio of 1.08.

Credicorp (NYSE:BAP - Get Free Report) last announced its earnings results on Thursday, August 14th. The bank reported $6.24 EPS for the quarter, topping the consensus estimate of $5.73 by $0.51. The firm had revenue of $1.58 billion for 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%. Research analysts expect that Credicorp Ltd. will post 21.9 EPS for the current year.

Credicorp Company Profile

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.