Deprince Race & Zollo Inc. Has $13.08 Million Stake in Credicorp Ltd. $BAP

Key Points

• Deprince Race & Zollo Inc. raised its stake in Credicorp by 25.3% in Q4 to 45,577 shares, worth about $13.08 million (roughly 0.06% of the company).
• Credicorp's fundamentals show a $28.72 billion market cap, a 14.86 P/E, and strong profitability (last quarter EPS of $5.91 and ROE of 20.43%), with the stock trading between a 12‑month low of $180.12 and high of $380.20.
• Analyst sentiment is mixed but mildly positive — a consensus rating of “Moderate Buy” with a target of $297.60 (four Buys, three Holds) — and institutional investors own about 89.81% of the shares.

Deprince Race & Zollo Inc. raised its holdings in Credicorp Ltd. (NYSE:BAP - Free Report) by 25.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,577 shares of the bank's stock after acquiring an additional 9,215 shares during the period. Deprince Race & Zollo Inc. owned about 0.06% of Credicorp worth $13,081,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. acquired a new position in Credicorp in the third quarter valued at about $35,000. Spire Wealth Management acquired a new position in shares of Credicorp during the third quarter worth about $42,000. Raymond James Financial Inc. acquired a new position in shares of Credicorp during the second quarter worth about $38,000. Quarry LP acquired a new position in shares of Credicorp during the third quarter worth about $46,000. Finally, First Horizon Corp acquired a new position in shares of Credicorp during the third quarter worth about $59,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Zacks Research cut Credicorp from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 24th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Credicorp in a research report on Monday, December 29th. The Goldman Sachs Group upped their price objective on Credicorp from $293.00 to $330.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 17th. Finally, Wall Street Zen cut Credicorp from a "buy" rating to a "hold" rating in a research report on Saturday, December 20th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Credicorp presently has a consensus rating of "Moderate Buy" and a consensus target price of $297.60.

Credicorp Price Performance

NYSE:BAP opened at $361.13 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.36. The stock's 50 day moving average price is $340.94 and its two-hundred day moving average price is $301.27. The firm has a market capitalization of $28.72 billion, a price-to-earnings ratio of 14.86, a P/E/G ratio of 0.78 and a beta of 0.93. Credicorp Ltd. has a 12-month low of $180.12 and a 12-month high of $380.20.

Credicorp (NYSE:BAP - Get Free Report) last released its quarterly earnings data on Sunday, February 1st. The bank reported $5.91 earnings per share (EPS) for the quarter. The firm had revenue of $1.81 billion for the quarter. Credicorp had a return on equity of 20.43% and a net margin of 24.53%. On average, analysts anticipate that Credicorp Ltd. will post 21.9 earnings per share for the current year.

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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