Shell Asset Management Co. Raises Holdings in Credicorp Ltd. $BAP

Shell Asset Management Co. boosted its stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 54.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,670 shares of the bank's stock after acquiring an additional 2,358 shares during the quarter. Shell Asset Management Co.'s holdings in Credicorp were worth $1,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of BAP. SVB Wealth LLC purchased a new stake in Credicorp in the 1st quarter worth approximately $35,000. Cullen Frost Bankers Inc. purchased a new stake in Credicorp in the 1st quarter worth approximately $40,000. Farther Finance Advisors LLC lifted its holdings in Credicorp by 2,170.0% in the 1st quarter. Farther Finance Advisors LLC now owns 227 shares of the bank's stock worth $44,000 after buying an additional 217 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Credicorp in the 1st quarter worth approximately $78,000. Finally, Advisors Asset Management Inc. purchased a new stake in Credicorp in the 1st quarter worth approximately $88,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Credicorp Stock Up 0.7%

BAP stock opened at $264.48 on Thursday. Credicorp Ltd. has a twelve month low of $165.51 and a twelve month high of $280.88. 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 firm has a market cap of $21.04 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 0.71 and a beta of 1.11. The business has a 50 day moving average of $257.52 and a 200 day moving average of $224.48.

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on BAP shares. UBS Group increased their price objective on Credicorp from $257.00 to $318.00 and gave the stock a "buy" rating in a report on Tuesday, September 16th. Zacks Research upgraded Credicorp from a "hold" rating to a "strong-buy" rating in a report on Friday, September 26th. Weiss Ratings restated a "buy (b)" rating on shares of Credicorp in a research note on Saturday, September 27th. The Goldman Sachs Group upgraded Credicorp from a "sell" rating to a "neutral" rating and raised their target price for the company from $174.00 to $225.00 in a research note on Thursday, July 24th. Finally, HSBC cut Credicorp from a "buy" rating to a "hold" rating and raised their target price for the company from $225.00 to $255.00 in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $250.00.

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.

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