Pzena Investment Management LLC Acquires 25,339 Shares of Credicorp Ltd. $BAP

Pzena Investment Management LLC lifted its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 2.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,053,056 shares of the bank’s stock after acquiring an additional 25,339 shares during the period. Pzena Investment Management LLC’s holdings in Credicorp were worth $280,408,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BAP. One Wealth Advisors LLC boosted its stake in Credicorp by 2.5% in the third quarter. One Wealth Advisors LLC now owns 1,781 shares of the bank’s stock valued at $474,000 after acquiring an additional 43 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Credicorp by 1.6% in the 3rd quarter. Blue Trust Inc. now owns 2,843 shares of the bank’s stock valued at $757,000 after purchasing an additional 45 shares during the period. Rhumbline Advisers boosted its position in shares of Credicorp by 0.4% in the 3rd quarter. Rhumbline Advisers now owns 14,412 shares of the bank’s stock worth $3,838,000 after purchasing an additional 59 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Credicorp by 37.1% during the second quarter. Smartleaf Asset Management LLC now owns 244 shares of the bank’s stock worth $55,000 after purchasing an additional 66 shares during the period. Finally, First Horizon Advisors Inc. grew its stake in shares of 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. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BAP. JPMorgan Chase & Co. increased their target price on Credicorp from $242.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. The Goldman Sachs Group upped their price target on Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a research note on Tuesday. Weiss Ratings reiterated a “buy (b)” rating on shares of Credicorp in a research report on Monday, December 29th. Finally, Wall Street Zen lowered shares of Credicorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $297.60.

Credicorp Stock Up 3.8%

Shares of Credicorp stock opened at $345.84 on Thursday. The company has a market capitalization of $27.51 billion, a P/E ratio of 14.23, a price-to-earnings-growth ratio of 0.76 and a beta of 0.87. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.07 and a quick ratio of 1.07. The business has a 50-day moving average of $318.21 and a two-hundred day moving average of $279.29. Credicorp Ltd. has a 1 year low of $165.51 and a 1 year high of $380.20.

Credicorp (NYSE:BAP) last issued its quarterly earnings data on Tuesday, February 17th. The bank reported $5.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.61 by ($0.73). The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.77 billion. Credicorp had a net margin of 24.53% and a return on equity of 21.54%. As a group, equities analysts predict that Credicorp Ltd. will post 21.9 EPS for the current year.

Credicorp Company Profile

Credicorp Ltd. (NYSE: BAP) is a Lima-based financial services holding company that operates a diversified group of banking, insurance, and investment businesses. Established in the mid-1990s, Credicorp’s principal subsidiaries include Banco de Crédito del Perú (BCP), Mibanco (microfinance), Credicorp Capital (investment banking and asset management) and Pacífico Seguros (insurance). The company serves retail, commercial and corporate clients and is one of the largest financial conglomerates in Peru.

Through Banco de Crédito del Perú and its retail network, Credicorp provides a full suite of banking products including deposit accounts, consumer and commercial loans, mortgages, payment and transaction services, and digital banking solutions.