Fox Run Management L.L.C. Invests $1.92 Million in Credicorp Ltd. $BAP

Fox Run Management L.L.C. bought a new stake in shares of Credicorp Ltd. (NYSE:BAP) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 8,590 shares of the bank’s stock, valued at approximately $1,920,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BAP. First Horizon Advisors Inc. lifted its stake in Credicorp by 33.5% during the second quarter. First Horizon Advisors Inc. now owns 283 shares of the bank’s stock worth $63,000 after purchasing an additional 71 shares during the period. National Pension Service grew its stake in shares of Credicorp by 0.7% in the 1st quarter. National Pension Service now owns 17,592 shares of the bank’s stock valued at $3,275,000 after purchasing an additional 117 shares during the period. Voya Investment Management LLC raised its holdings in shares of Credicorp by 2.4% in the 1st quarter. Voya Investment Management LLC now owns 5,088 shares of the bank’s stock worth $947,000 after buying an additional 120 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Credicorp by 0.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 21,871 shares of the bank’s stock worth $4,853,000 after buying an additional 179 shares in the last quarter. Finally, SVB Wealth LLC bought a new position in shares of Credicorp during the 1st quarter worth approximately $35,000. Institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

BAP has been the topic of a number of analyst reports. HSBC cut Credicorp from a “buy” rating to a “hold” rating and upped their price target for the company from $225.00 to $255.00 in a research report on Friday, September 5th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Credicorp in a report on Tuesday, October 14th. Zacks Research raised shares of Credicorp from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. Citigroup upped their price objective on shares of Credicorp from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Finally, Hsbc Global Res raised shares of Credicorp to a “hold” rating in a report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Credicorp currently has an average rating of “Moderate Buy” and a consensus target price of $250.00.

Credicorp Trading Up 0.1%

Shares of NYSE BAP opened at $259.14 on Friday. Credicorp Ltd. has a 1-year low of $165.51 and a 1-year high of $280.88. The company has a 50-day moving average of $261.19 and a two-hundred day moving average of $235.98. The company has a market cap of $20.61 billion, a PE ratio of 12.28, a P/E/G ratio of 0.71 and a beta of 1.09. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.49.

Credicorp (NYSE:BAP) last released its quarterly earnings results on Thursday, August 14th. The bank reported $6.24 EPS for the quarter, beating the consensus estimate of $5.73 by $0.51. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Credicorp had a net margin of 23.22% and a return on equity of 17.94%. As a group, equities analysts expect that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal 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.