Callan Family Office LLC Purchases New Position in Credicorp Ltd. (NYSE:BAP)

Callan Family Office LLC purchased a new stake in shares of Credicorp Ltd. (NYSE:BAP) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 1,113 shares of the bank’s stock, valued at approximately $204,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in BAP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Credicorp by 782.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,326,947 shares of the bank’s stock valued at $240,138,000 after purchasing an additional 1,176,612 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Credicorp during the 3rd quarter valued at approximately $42,794,000. FMR LLC grew its holdings in shares of Credicorp by 6.1% during the 3rd quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock valued at $623,735,000 after purchasing an additional 199,137 shares during the last quarter. TT International Asset Management LTD bought a new stake in shares of Credicorp during the 3rd quarter valued at approximately $25,081,000. Finally, SPX Gestao de Recursos Ltda bought a new stake in shares of Credicorp during the 3rd quarter valued at approximately $22,285,000. 89.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. 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. boosted their target price on shares of Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th.

Credicorp Trading Up 0.4 %

BAP opened at $181.05 on Wednesday. Credicorp Ltd. has a fifty-two week low of $153.27 and a fifty-two week high of $200.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.07. The firm has a market capitalization of $14.40 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 0.56 and a beta of 1.10. The company’s 50 day moving average price is $184.00 and its two-hundred day moving average price is $183.82.

Credicorp (NYSE:BAP) last issued its quarterly earnings results on Monday, February 10th. The bank reported $3.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.42 by ($0.66). Credicorp had a return on equity of 16.25% and a net margin of 20.94%. As a group, research analysts predict that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Credicorp Company 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.