Bank of New York Mellon Corp Buys 536 Shares of Credicorp Ltd. (NYSE:BAP)

Bank of New York Mellon Corp raised its stake in shares of Credicorp Ltd. (NYSE:BAP) by 0.1% in the fourth quarter, Holdings Channel reports. The fund owned 694,989 shares of the bank’s stock after acquiring an additional 536 shares during the period. Bank of New York Mellon Corp’s holdings in Credicorp were worth $127,405,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd raised its holdings in shares of Credicorp by 46.6% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 3,138 shares of the bank’s stock valued at $575,000 after buying an additional 997 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of Credicorp by 37.8% in the fourth quarter. New York State Common Retirement Fund now owns 59,689 shares of the bank’s stock valued at $10,942,000 after buying an additional 16,388 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Credicorp by 4.2% in the fourth quarter. Sanctuary Advisors LLC now owns 1,529 shares of the bank’s stock valued at $283,000 after buying an additional 62 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Credicorp by 12.2% in the fourth quarter. Principal Financial Group Inc. now owns 389,338 shares of the bank’s stock valued at $71,373,000 after buying an additional 42,255 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Credicorp by 4.7% in the fourth quarter. Rhumbline Advisers now owns 16,139 shares of the bank’s stock valued at $2,959,000 after buying an additional 730 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BAP shares. JPMorgan Chase & Co. lifted their price target on Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Bank of America cut Credicorp from a “buy” rating to a “neutral” rating and cut their price target for the company from $209.00 to $208.00 in a report on Monday, December 16th.

Credicorp Stock Performance

Shares of NYSE:BAP opened at $182.72 on Friday. The stock has a market capitalization of $14.53 billion, a P/E ratio of 9.94, a P/E/G ratio of 0.56 and a beta of 1.12. Credicorp Ltd. has a 1-year low of $153.27 and a 1-year high of $200.00. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. The business has a 50-day moving average price of $184.01 and a two-hundred day moving average price of $182.91.

Credicorp (NYSE:BAP) last announced its quarterly earnings data on Monday, February 10th. The bank reported $3.76 earnings per share for the quarter, missing the consensus estimate of $4.42 by ($0.66). Credicorp had a return on equity of 16.25% and a net margin of 20.94%. Equities analysts predict that Credicorp Ltd. will post 21.9 earnings per share 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.