Credicorp Ltd. (NYSE:BAP) Shares Bought by Assetmark Inc.

Assetmark Inc. lifted its holdings in Credicorp Ltd. (NYSE:BAP) by 173.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 17,701 shares of the bank’s stock after acquiring an additional 11,220 shares during the quarter. Assetmark Inc.’s holdings in Credicorp were worth $3,245,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its stake in shares of Credicorp by 37.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock worth $41,000 after purchasing an additional 62 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Credicorp in the 3rd quarter worth approximately $58,000. R Squared Ltd acquired a new position in shares of Credicorp in the 4th quarter worth approximately $172,000. Aprio Wealth Management LLC acquired a new position in shares of Credicorp in the fourth quarter worth about $200,000. Finally, Park Avenue Securities LLC acquired a new position in shares of Credicorp in the fourth quarter worth about $238,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. JPMorgan Chase & Co. raised 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. Bank of America cut shares of Credicorp from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $209.00 to $208.00 in a report on Monday, December 16th.

Credicorp Price Performance

NYSE BAP opened at $181.68 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $14.45 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 0.56 and a beta of 1.10. The company has a 50 day moving average price of $184.05 and a two-hundred day moving average price of $183.64. Credicorp Ltd. has a 12-month low of $153.27 and a 12-month high of $200.00.

Credicorp (NYSE:BAP) last posted its 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 net margin of 20.94% and a return on equity of 16.25%. As a group, equities analysts predict that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal 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.