Banque Cantonale Vaudoise bought a new position in shares of Credicorp Ltd. (NYSE:BAP – Free Report) in the fourth quarter, Holdings Channel reports. The fund bought 8,000 shares of the bank’s stock, valued at approximately $2,296,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of BAP. Brown Brothers Harriman & Co. acquired a new position in Credicorp in the third quarter valued at about $35,000. Raymond James Financial Inc. acquired a new position in Credicorp in the second quarter valued at about $38,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Credicorp in the fourth quarter valued at about $46,000. Quarry LP acquired a new position in Credicorp in the third quarter valued at about $46,000. Finally, Smartleaf Asset Management LLC raised its stake in Credicorp by 37.1% in the second quarter. Smartleaf Asset Management LLC now owns 244 shares of the bank’s stock valued at $55,000 after purchasing an additional 66 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on BAP shares. The Goldman Sachs Group boosted their price target on Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. HSBC raised Credicorp from a “hold” rating to a “buy” rating and boosted their price target for the company from $320.00 to $350.00 in a research note on Tuesday. UBS Group boosted their price target on Credicorp from $318.00 to $408.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Weiss Ratings raised Credicorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, May 15th. Finally, Zacks Research downgraded Credicorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Credicorp currently has an average rating of “Moderate Buy” and an average price target of $334.60.
Credicorp Stock Performance
Credicorp stock opened at $342.89 on Friday. The business has a 50 day moving average of $330.76 and a 200-day moving average of $313.54. Credicorp Ltd. has a 1 year low of $199.78 and a 1 year high of $380.20. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $32.36 billion, a P/E ratio of 13.22, a P/E/G ratio of 0.75 and a beta of 0.87.
Credicorp (NYSE:BAP – Get Free Report) last released its quarterly earnings data on Sunday, February 1st. The bank reported $5.91 earnings per share (EPS) for the quarter. Credicorp had a return on equity of 20.61% and a net margin of 24.81%.The company had revenue of $1.81 billion during the quarter. On average, equities research analysts predict that Credicorp Ltd. will post 29.09 earnings per share for the current year.
About Credicorp
Credicorp Ltd. (NYSE: BAP) is a Lima-based financial services holding company that operates a diversified group of banking, insurance, and investment businesses. Established in the mid-1990s, Credicorp’s principal subsidiaries include Banco de Crédito del Perú (BCP), Mibanco (microfinance), Credicorp Capital (investment banking and asset management) and Pacífico Seguros (insurance). The company serves retail, commercial and corporate clients and is one of the largest financial conglomerates in Peru.
Through Banco de Crédito del Perú and its retail network, Credicorp provides a full suite of banking products including deposit accounts, consumer and commercial loans, mortgages, payment and transaction services, and digital banking solutions.
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