4,373 Shares in Credicorp Ltd. (NYSE:BAP) Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd acquired a new stake in Credicorp Ltd. (NYSE:BAP) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,373 shares of the bank’s stock, valued at approximately $741,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of BAP. CWM LLC boosted its holdings in Credicorp by 69.2% in the fourth quarter. CWM LLC now owns 225 shares of the bank’s stock valued at $34,000 after purchasing an additional 92 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Credicorp by 25.2% in the 4th quarter. Parallel Advisors LLC now owns 671 shares of the bank’s stock valued at $101,000 after purchasing an additional 135 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Credicorp by 147.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 741 shares of the bank’s stock valued at $111,000 after buying an additional 442 shares during the last quarter. Signaturefd LLC grew its position in shares of Credicorp by 24.3% during the fourth quarter. Signaturefd LLC now owns 746 shares of the bank’s stock worth $112,000 after buying an additional 146 shares in the last quarter. Finally, Janiczek Wealth Management LLC increased its stake in shares of Credicorp by 25.2% in the fourth quarter. Janiczek Wealth Management LLC now owns 974 shares of the bank’s stock worth $146,000 after buying an additional 196 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

BAP has been the topic of a number of research analyst reports. UBS Group reduced their price objective on shares of Credicorp from $192.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. JPMorgan Chase & Co. increased their price target 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 investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.73.

Credicorp Stock Performance

BAP stock traded down $0.69 during midday trading on Friday, reaching $167.06. The company had a trading volume of 390,194 shares, compared to its average volume of 249,800. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.67. The stock has a 50 day moving average price of $169.95 and a 200 day moving average price of $149.63. The firm has a market capitalization of $13.29 billion, a PE ratio of 10.68, a P/E/G ratio of 0.57 and a beta of 1.13. Credicorp Ltd. has a fifty-two week low of $116.42 and a fifty-two week high of $179.53.

Credicorp (NYSE:BAP) last released its quarterly earnings data 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). Credicorp had a net margin of 20.17% and a return on equity of 14.68%. 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 earnings per share for the current year.

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.