Diversified Trust Co Purchases 4,792 Shares of Credicorp Ltd. $BAP

Key Points

• Diversified Trust Co increased its stake in Credicorp Ltd. by 166.6% during Q2, now holding 7,669 shares valued at approximately $1.71 million.
• Several institutional investors, including Confluence Investment Management and UBS, also adjusted their positions, enhancing the overall institutional ownership in Credicorp to 89.81%.
• Credicorp reported strong earnings of $6.24 per share, surpassing analyst expectations, and has seen recent target price upgrades from analysts, reflecting positive market sentiment.

Diversified Trust Co boosted its stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 166.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,669 shares of the bank's stock after buying an additional 4,792 shares during the period. Diversified Trust Co's holdings in Credicorp were worth $1,714,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BAP. Nuveen Asset Management LLC increased its position in Credicorp by 1.6% during the 4th quarter. Nuveen Asset Management LLC now owns 102,601 shares of the bank's stock valued at $18,809,000 after buying an additional 1,649 shares in the last quarter. Quantinno Capital Management LP increased its position in Credicorp by 29.5% during the 4th quarter. Quantinno Capital Management LP now owns 2,996 shares of the bank's stock valued at $549,000 after buying an additional 682 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Credicorp in the 4th quarter worth $128,000. Waverly Advisors LLC bought a new stake in shares of Credicorp in the 4th quarter worth $228,000. Finally, Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Credicorp in the 4th quarter worth $2,256,000. Institutional investors own 89.81% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on BAP. Citigroup lifted their price objective on Credicorp from $255.00 to $275.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. The Goldman Sachs Group raised shares of Credicorp from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $174.00 to $225.00 in a report on Thursday, July 24th. HSBC cut shares of Credicorp from a "buy" rating to a "hold" rating and raised their target price for the stock from $225.00 to $255.00 in a report on Friday, September 5th. UBS Group boosted their target price on shares of Credicorp from $257.00 to $318.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. Finally, Hsbc Global Res upgraded Credicorp to a "hold" rating in a research note on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $250.00.

Credicorp Price Performance

Shares of BAP traded up $3.95 during trading hours on Monday, reaching $266.56. 222,324 shares of the stock traded hands, compared to its average volume of 352,146. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.49. Credicorp Ltd. has a 52-week low of $165.51 and a 52-week high of $280.88. The company's 50-day moving average price is $248.48 and its two-hundred day moving average price is $218.00. The company has a market cap of $21.20 billion, a P/E ratio of 12.63, a price-to-earnings-growth ratio of 0.71 and a beta of 1.12.

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, beating the consensus estimate of $5.73 by $0.51. Credicorp had a return on equity of 17.94% and a net margin of 23.22%.The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.52 billion. On average, analysts anticipate that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Credicorp 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.