Millennium Management LLC Has $59.40 Million Stock Position in Credicorp Ltd. $BAP

Millennium Management LLC grew its stake in Credicorp Ltd. (NYSE:BAP - Free Report) by 853.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 319,076 shares of the bank's stock after buying an additional 285,597 shares during the period. Millennium Management LLC owned approximately 0.40% of Credicorp worth $59,399,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Cerity Partners LLC grew its stake in shares of Credicorp by 37.1% in the 1st quarter. Cerity Partners LLC now owns 5,545 shares of the bank's stock valued at $1,032,000 after purchasing an additional 1,500 shares during the period. GAMMA Investing LLC grew its stake in shares of Credicorp by 27,522.6% in the 1st quarter. GAMMA Investing LLC now owns 8,563 shares of the bank's stock valued at $1,594,000 after purchasing an additional 8,532 shares during the period. Quantinno Capital Management LP grew its stake in shares of Credicorp by 29.5% in the 4th quarter. Quantinno Capital Management LP now owns 2,996 shares of the bank's stock valued at $549,000 after purchasing an additional 682 shares during the period. Penserra Capital Management LLC bought a new stake in shares of Credicorp in the 1st quarter valued at approximately $122,000. Finally, Asset Management One Co. Ltd. grew its stake in shares of Credicorp by 8.3% in the 1st quarter. Asset Management One Co. Ltd. now owns 10,876 shares of the bank's stock valued at $2,025,000 after purchasing an additional 837 shares during the period. Institutional investors and hedge funds own 89.81% of the company's stock.

Credicorp Trading Down 0.1%

NYSE:BAP traded down $0.25 during trading hours on Friday, hitting $266.34. 318,591 shares of the stock were exchanged, compared to its average volume of 376,988. The company's 50 day moving average is $244.12 and its two-hundred day moving average is $214.80. Credicorp Ltd. has a twelve month low of $165.51 and a twelve month high of $268.48. 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 company has a market capitalization of $21.18 billion, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 0.74 and a beta of 1.12.

Credicorp (NYSE:BAP - Get Free Report) last posted its quarterly earnings data 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. Credicorp had a return on equity of 18.05% and a net margin of 23.11%.The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.52 billion. On average, sell-side analysts anticipate that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on BAP shares. Wall Street Zen upgraded Credicorp from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. Citigroup increased their price target on Credicorp from $255.00 to $275.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Hsbc Global Res upgraded Credicorp to a "hold" rating in a research report on Friday, September 5th. The Goldman Sachs Group upgraded Credicorp from a "sell" rating to a "neutral" rating and increased their price target for the stock from $174.00 to $225.00 in a research report on Thursday, July 24th. Finally, UBS Group restated a "buy" rating on shares of Credicorp in a research report on Monday, June 2nd. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, Credicorp has an average rating of "Hold" and a consensus price target of $239.83.

About Credicorp

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.