Inspire Investing LLC Takes $744,000 Position in Credicorp Ltd. $BAP

Key Points

• Inspire Investing LLC acquired a new stake in Credicorp Ltd. worth approximately $744,000 by purchasing 3,996 shares during the first quarter.
• Several hedge funds have increased their positions in Credicorp, with Cerity Partners LLC growing its stake by 37.1% and GAMMA Investing LLC by a staggering 27,522.6% in the same quarter.
• Analysts have mixed ratings for Credicorp, with three analysts maintaining a Buy rating and four issuing a Hold rating, reflecting a consensus price target of $239.83.

Inspire Investing LLC bought a new stake in Credicorp Ltd. (NYSE:BAP - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,996 shares of the bank's stock, valued at approximately $744,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Deltec Asset Management LLC boosted its position in Credicorp by 4.3% during the 1st quarter. Deltec Asset Management LLC now owns 2,400 shares of the bank's stock worth $447,000 after purchasing an additional 100 shares during the period. Fifth Third Bancorp raised its stake in shares of Credicorp by 1.5% in the 1st quarter. Fifth Third Bancorp now owns 6,645 shares of the bank's stock valued at $1,237,000 after purchasing an additional 101 shares in the last quarter. National Pension Service raised its stake in shares of Credicorp by 0.7% in the 1st quarter. National Pension Service now owns 17,592 shares of the bank's stock valued at $3,275,000 after purchasing an additional 117 shares in the last quarter. Ritholtz Wealth Management raised its stake in Credicorp by 2.1% during the first quarter. Ritholtz Wealth Management now owns 9,202 shares of the bank's stock worth $1,713,000 after acquiring an additional 188 shares during the period. Finally, SVB Wealth LLC acquired a new stake in Credicorp during the first quarter worth about $35,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Stock Performance

NYSE BAP traded down $8.75 during midday trading on Thursday, hitting $269.55. The company had a trading volume of 180,838 shares, compared to its average volume of 321,718. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.49. The stock has a market cap of $21.44 billion, a price-to-earnings ratio of 12.79, a P/E/G ratio of 0.75 and a beta of 1.12. The firm has a fifty day simple moving average of $246.91 and a two-hundred day simple moving average of $216.42. Credicorp Ltd. has a fifty-two week low of $165.51 and a fifty-two week high of $280.88.

Credicorp (NYSE:BAP - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The bank reported $6.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.73 by $0.51. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.52 billion. Credicorp had a net margin of 23.22% and a return on equity of 17.94%. Equities analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Hsbc Global Res upgraded shares of Credicorp to a "hold" rating in a research note on Friday, September 5th. Citigroup increased their price objective on shares of Credicorp from $255.00 to $275.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. Wall Street Zen upgraded shares of Credicorp from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. The Goldman Sachs Group upgraded shares of Credicorp from a "sell" rating to a "neutral" rating and increased their price objective for the company from $174.00 to $225.00 in a report on Thursday, July 24th. Finally, HSBC cut shares of Credicorp from a "buy" rating to a "hold" rating and increased their price objective for the company from $225.00 to $255.00 in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $250.00.

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.