Ninety One UK Ltd Buys 49,031 Shares of Credicorp Ltd. (NYSE:BAP)

Ninety One UK Ltd grew its position in Credicorp Ltd. (NYSE:BAP) by 4.7% in the fourth quarter, Holdings Channel reports. The fund owned 1,089,334 shares of the bank’s stock after acquiring an additional 49,031 shares during the quarter. Ninety One UK Ltd’s holdings in Credicorp were worth $199,697,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Credicorp by 782.7% in 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 buying an additional 1,176,612 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Credicorp during the third quarter valued at $42,794,000. FMR LLC raised its stake in shares of Credicorp by 6.1% during the third quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock valued at $623,735,000 after acquiring an additional 199,137 shares during the last quarter. Carrhae Capital LLP acquired a new position in shares of Credicorp during the third quarter worth $27,974,000. Finally, TT International Asset Management LTD bought a new stake in shares of Credicorp in the third quarter worth $25,081,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Stock Performance

BAP stock opened at $185.85 on Wednesday. The firm has a market cap of $14.78 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 0.49 and a beta of 1.12. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66. The stock has a 50-day moving average price of $185.43 and a 200-day moving average price of $180.83. Credicorp Ltd. has a 1-year low of $147.29 and a 1-year high of $200.00.

Credicorp (NYSE:BAP) last issued its 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 business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the company posted $4.23 earnings per share. As a group, equities research analysts expect that Credicorp Ltd. will post 18.91 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on BAP. JPMorgan Chase & Co. lifted their target price on Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Bank of America lowered Credicorp from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $209.00 to $208.00 in a research note on Monday, December 16th. Finally, The Goldman Sachs Group increased 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.

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.