1,551 Shares in Credicorp Ltd. $BAP Purchased by LGT Group Foundation

Key Points

• LGT Group Foundation has made a new investment of approximately $289,000 in Credicorp Ltd. by purchasing 1,551 shares during the 1st quarter.
• In recent months, various institutional investors, including Cerity Partners and GAMMA Investing, have significantly increased their stake in Credicorp, indicating strong interest in the company's stock.
• Equities analysts have mixed ratings on Credicorp, with a consensus rating of "Hold" and a target price of $227.25, alongside recent adjustments from major firms like UBS and Goldman Sachs.

LGT Group Foundation purchased a new position in Credicorp Ltd. (NYSE:BAP - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,551 shares of the bank's stock, valued at approximately $289,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its position in shares of Credicorp by 0.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,032,656 shares of the bank's stock valued at $564,559,000 after acquiring an additional 7,692 shares during the period. Itau Unibanco Holding S.A. grew its holdings in Credicorp by 243.8% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,716,777 shares of the bank's stock worth $290,920,000 after acquiring an additional 1,217,368 shares in the last quarter. Bank of Nova Scotia lifted its stake in shares of Credicorp by 21.8% during the 1st quarter. Bank of Nova Scotia now owns 867,347 shares of the bank's stock worth $161,465,000 after purchasing an additional 155,162 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Credicorp by 59.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 757,271 shares of the bank's stock worth $138,824,000 after buying an additional 282,869 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in Credicorp by 2.9% in the 4th quarter. Lazard Asset Management LLC now owns 747,720 shares of the bank's stock worth $137,070,000 after purchasing an additional 20,785 shares in the last quarter. Institutional investors own 89.81% of the company's stock.

Credicorp Stock Up 1.0%

Shares of BAP stock traded up $2.51 during trading on Monday, reaching $254.39. The company's stock had a trading volume of 216,311 shares, compared to its average volume of 313,650. Credicorp Ltd. has a 1-year low of $165.48 and a 1-year high of $255.39. The stock's 50-day moving average price is $229.05 and its 200 day moving average price is $204.87. The company has a market capitalization of $20.23 billion, a price-to-earnings ratio of 13.82, a P/E/G ratio of 0.79 and a beta of 1.09. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.03 and a quick ratio of 1.03.

Credicorp (NYSE:BAP - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $1.52 billion. Credicorp had a return on equity of 16.25% and a net margin of 20.94%. On average, research analysts anticipate that Credicorp Ltd. will post 21.9 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. The Goldman Sachs Group raised Credicorp from a "sell" rating to a "neutral" rating and upped their price target for the stock from $174.00 to $225.00 in a report on Thursday, July 24th. Wall Street Zen downgraded shares of Credicorp from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Finally, UBS Group reiterated a "buy" rating on shares of Credicorp in a research note on Monday, June 2nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $227.25.

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.