WCM Investment Management LLC Has $45.83 Million Stake in Credicorp Ltd. (NYSE:BAP)

WCM Investment Management LLC raised its holdings in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 1,723.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 303,705 shares of the bank's stock after buying an additional 287,052 shares during the period. WCM Investment Management LLC owned about 0.38% of Credicorp worth $45,832,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. acquired a new position in Credicorp in the 1st quarter worth approximately $1,340,000. PNC Financial Services Group Inc. boosted its stake in Credicorp by 20.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,040 shares of the bank's stock worth $179,000 after purchasing an additional 173 shares during the period. Rhumbline Advisers acquired a new position in Credicorp in the 1st quarter worth approximately $234,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Credicorp in the 1st quarter worth approximately $468,000. Finally, Yousif Capital Management LLC boosted its stake in Credicorp by 40.2% in the 1st quarter. Yousif Capital Management LLC now owns 4,084 shares of the bank's stock worth $702,000 after purchasing an additional 1,170 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on BAP shares. UBS Group decreased their price objective on shares of Credicorp from $192.00 to $190.00 and set a "buy" rating for the company in a research note on Monday, February 5th. JPMorgan Chase & Co. increased their target price on shares of Credicorp from $190.00 to $194.00 and gave the stock an "overweight" rating in a research report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $181.73.

Credicorp Stock Down 2.7 %

BAP stock traded down $4.66 during midday trading on Friday, reaching $165.11. The company had a trading volume of 466,226 shares, compared to its average volume of 257,851. Credicorp Ltd. has a 1 year low of $116.42 and a 1 year high of $179.53. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $13.13 billion, a P/E ratio of 10.56, a PEG ratio of 0.58 and a beta of 1.13. The company has a 50 day moving average of $168.66 and a two-hundred day moving average of $146.79.

Credicorp (NYSE:BAP - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The bank reported $2.80 earnings per share for the quarter, missing analysts' consensus estimates of $2.82 by ($0.02). The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.32 billion. Credicorp had a net margin of 20.17% and a return on equity of 14.68%. On average, equities research analysts expect that Credicorp Ltd. will post 18.4 earnings per share for the current fiscal year.

About Credicorp

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. Its Universal Banking segment includes granting various credits and financial instruments to individuals and legal entities; and various deposits and checking accounts. The Insurance and Pensions segment includes the issuance of insurance policies to cover losses in commercial property, transport, marine vessels, automobiles, life, health, and pensions; management services for private pension funds.