Ninety One North America Inc. Boosts Holdings in Credicorp Ltd. (NYSE:BAP)

Ninety One North America Inc. increased its stake in shares of Credicorp Ltd. (NYSE:BAP) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 218,943 shares of the bank’s stock after buying an additional 1,658 shares during the period. Credicorp comprises about 2.5% of Ninety One North America Inc.’s holdings, making the stock its 15th biggest position. Ninety One North America Inc. owned about 0.28% of Credicorp worth $40,137,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB lifted its position in Credicorp by 37.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock valued at $41,000 after purchasing an additional 62 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in Credicorp during the third quarter valued at approximately $58,000. R Squared Ltd bought a new stake in Credicorp during the fourth quarter valued at approximately $172,000. Aprio Wealth Management LLC bought a new stake in Credicorp during the fourth quarter valued at approximately $200,000. Finally, Dynamic Advisor Solutions LLC bought a new stake in Credicorp during the third quarter valued at approximately $216,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Stock Performance

Shares of BAP stock opened at $185.94 on Tuesday. Credicorp Ltd. has a one year low of $147.29 and a one year high of $200.00. The company’s 50-day moving average is $185.61 and its 200 day moving average is $180.75. The company has a market capitalization of $14.79 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 0.49 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.07.

Credicorp (NYSE:BAP) last announced its quarterly earnings data on Thursday, November 7th. The bank reported $5.08 EPS for the quarter, beating the consensus estimate of $4.67 by $0.41. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.36 billion. Credicorp had a net margin of 20.11% and a return on equity of 15.59%. During the same period in the prior year, the firm posted $4.23 EPS. Sell-side analysts expect that Credicorp Ltd. will post 18.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

About Credicorp

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.