R Squared Ltd Purchases New Position in Credicorp Ltd. (NYSE:BAP)

R Squared Ltd acquired a new stake in Credicorp Ltd. (NYSE:BAP) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 940 shares of the bank’s stock, valued at approximately $172,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management lifted its stake in shares of Credicorp by 95.4% in the 3rd quarter. Ritholtz Wealth Management now owns 6,977 shares of the bank’s stock valued at $1,263,000 after acquiring an additional 3,406 shares during the last quarter. Nordea Investment Management AB raised its position in Credicorp by 18.5% in the fourth quarter. Nordea Investment Management AB now owns 24,008 shares of the bank’s stock valued at $4,362,000 after purchasing an additional 3,753 shares during the last quarter. Artemis Investment Management LLP acquired a new stake in shares of Credicorp during the fourth quarter valued at about $9,349,000. CWA Asset Management Group LLC bought a new stake in shares of Credicorp during the third quarter worth about $1,737,000. Finally, Park Avenue Securities LLC acquired a new position in shares of Credicorp in the fourth quarter valued at approximately $238,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BAP. Bank of America lowered shares of Credicorp from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $209.00 to $208.00 in a report on Monday, December 16th. JPMorgan Chase & Co. increased their price objective on Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Finally, The Goldman Sachs Group lifted their target price on Credicorp from $143.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday, October 8th.

Credicorp Trading Up 1.7 %

BAP opened at $184.43 on Thursday. Credicorp Ltd. has a twelve month low of $147.00 and a twelve month high of $200.00. The company has a fifty day moving average of $186.35 and a 200-day moving average of $180.46. The stock has a market cap of $14.67 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 0.49 and a beta of 1.12. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.66.

Credicorp (NYSE:BAP) last issued its quarterly earnings results on Thursday, November 7th. The bank reported $5.08 earnings per share for the quarter, topping analysts’ consensus estimates of $4.67 by $0.41. Credicorp had a return on equity of 15.59% and a net margin of 20.11%. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the business posted $4.23 EPS. On average, sell-side analysts predict that Credicorp Ltd. will post 18.91 EPS for the current year.

Credicorp Profile

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.