Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 149,254 shares of the bank's stock after selling 4,909 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.19% of Credicorp worth $22,378,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. WCM Investment Management LLC lifted its holdings in Credicorp by 1,723.7% during the fourth quarter. WCM Investment Management LLC now owns 303,705 shares of the bank's stock worth $45,832,000 after buying an additional 287,052 shares during the period. LA Financiere DE L Echiquier lifted its holdings in shares of Credicorp by 20.3% during the 4th quarter. LA Financiere DE L Echiquier now owns 34,677 shares of the bank's stock valued at $5,199,000 after purchasing an additional 5,841 shares during the last quarter. Deltec Asset Management LLC purchased a new stake in shares of Credicorp during the 4th quarter valued at $1,349,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Credicorp by 1.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,053,247 shares of the bank's stock valued at $390,724,000 after purchasing an additional 55,018 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Credicorp by 12.0% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 35,999 shares of the bank's stock valued at $4,607,000 after purchasing an additional 3,866 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently commented on the company. UBS Group decreased their price objective on Credicorp from $192.00 to $190.00 and set a "buy" rating for the company in a report on Monday, February 5th. JPMorgan Chase & Co. increased their price objective on Credicorp from $190.00 to $194.00 and gave the company an "overweight" rating in a report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Credicorp has a consensus rating of "Moderate Buy" and a consensus target price of $181.73.
Check Out Our Latest Research Report on Credicorp
Credicorp Stock Performance
BAP stock traded up $0.89 during midday trading on Thursday, reaching $161.88. The stock had a trading volume of 193,234 shares, compared to its average volume of 237,541. The stock has a market cap of $12.87 billion, a PE ratio of 10.34, a P/E/G ratio of 0.54 and a beta of 1.13. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.00 and a current ratio of 1.08. The firm has a fifty day simple moving average of $169.12 and a two-hundred day simple moving average of $147.45. Credicorp Ltd. has a 52-week low of $116.42 and a 52-week high of $179.53.
Credicorp (NYSE:BAP - Get Free Report) last issued its earnings results on Thursday, February 8th. The bank reported $2.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.82 by ($0.02). The firm had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.32 billion. Credicorp had a return on equity of 14.68% and a net margin of 20.17%. As a group, equities research analysts anticipate that Credicorp Ltd. will post 18.4 EPS for the current year.
Credicorp Profile
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Free Report)
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.
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