Robeco Institutional Asset Management B.V. Has $50.37 Million Position in Credicorp Ltd. $BAP

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Credicorp Ltd. by 9.4% during Q2, owning about 0.28% of the company valued at $50.37 million.
• Credicorp reported earnings of $6.24 EPS for the last quarter, exceeding analysts' expectations, and generated $1.58 billion in revenue.
• Analysts have a consensus rating of "Moderate Buy" for Credicorp, with a target price increase from $257.00 to $318.00 by UBS Group.

Robeco Institutional Asset Management B.V. boosted its stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 9.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 225,351 shares of the bank's stock after buying an additional 19,378 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.28% of Credicorp worth $50,370,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cerity Partners LLC lifted 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. Inspire Investing LLC acquired a new position in shares of Credicorp in the 1st quarter valued at about $744,000. GAMMA Investing LLC lifted 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. Paragon Capital Management Ltd acquired a new position in shares of Credicorp in the 2nd quarter valued at about $233,000. Finally, Penserra Capital Management LLC acquired a new position in shares of Credicorp in the 1st quarter valued at about $122,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Credicorp Stock Performance

Shares of Credicorp stock opened at $265.62 on Friday. Credicorp Ltd. has a one year low of $165.51 and a one year high of $280.88. The firm has a market capitalization of $21.13 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 0.70 and a beta of 1.11. The business has a 50-day simple moving average of $255.78 and a 200 day simple moving average of $223.02. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.08 and a quick ratio of 1.08.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Weiss Ratings reissued a "buy (b)" rating on shares of Credicorp in a research note on Saturday, September 27th. UBS Group boosted their price objective on Credicorp from $257.00 to $318.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. Wall Street Zen raised Credicorp from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. Zacks Research raised Credicorp from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 26th. Finally, Hsbc Global Res raised Credicorp to a "hold" rating in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $250.00.

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.

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