Credicorp Ltd. (NYSE:BAP) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its stake in Credicorp Ltd. (NYSE:BAP - Free Report) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 252,909 shares of the bank's stock after acquiring an additional 5,695 shares during the quarter. Handelsbanken Fonder AB owned about 0.32% of Credicorp worth $37,919,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in BAP. WCM Investment Management LLC increased its position in Credicorp by 1,723.7% during the 4th quarter. WCM Investment Management LLC now owns 303,705 shares of the bank's stock valued at $45,832,000 after buying an additional 287,052 shares in the last quarter. LA Financiere DE L Echiquier boosted its stake in Credicorp by 20.3% in the 4th quarter. LA Financiere DE L Echiquier now owns 34,677 shares of the bank's stock worth $5,199,000 after purchasing an additional 5,841 shares in the last quarter. Deltec Asset Management LLC purchased a new stake in Credicorp during the 4th quarter worth approximately $1,349,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Credicorp by 1.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,053,247 shares of the bank's stock worth $390,724,000 after buying an additional 55,018 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Credicorp by 12.0% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 35,999 shares of the bank's stock worth $4,607,000 after buying an additional 3,866 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Credicorp Stock Performance

NYSE:BAP traded up $2.22 during mid-day trading on Monday, hitting $167.24. The company's stock had a trading volume of 134,063 shares, compared to its average volume of 235,589. The business's fifty day moving average is $169.70 and its two-hundred day moving average is $148.48. The stock has a market cap of $13.30 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 0.56 and a beta of 1.13. Credicorp Ltd. has a 1 year low of $116.42 and a 1 year high of $179.53. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.08 and a quick ratio of 1.00.

Credicorp (NYSE:BAP - Get Free Report) last posted its earnings results on Thursday, February 8th. The bank reported $2.80 EPS for the quarter, missing the consensus estimate of $2.82 by ($0.02). Credicorp had a return on equity of 14.68% and a net margin of 20.17%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.32 billion. Analysts anticipate that Credicorp Ltd. will post 18.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on BAP. UBS Group cut their target price on Credicorp from $192.00 to $190.00 and set a "buy" rating on the stock in a research report on Monday, February 5th. JPMorgan Chase & Co. raised their price objective on Credicorp from $190.00 to $194.00 and gave the stock an "overweight" rating in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $181.73.

Credicorp Profile

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.