16,168 Shares in Credicorp Ltd. $BAP Purchased by Mirabella Financial Services LLP

Mirabella Financial Services LLP purchased a new position in shares of Credicorp Ltd. (NYSE:BAP) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,168 shares of the bank’s stock, valued at approximately $4,305,000.

A number of other institutional investors also recently added to or reduced their stakes in BAP. Principal Financial Group Inc. grew its position in Credicorp by 42.2% in the third quarter. Principal Financial Group Inc. now owns 291,175 shares of the bank’s stock valued at $77,534,000 after acquiring an additional 86,340 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Credicorp by 17.4% during the third quarter. Nordea Investment Management AB now owns 27,953 shares of the bank’s stock valued at $7,479,000 after acquiring an additional 4,140 shares during the period. Asset Management One Co. Ltd. boosted its stake in shares of Credicorp by 19.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 12,516 shares of the bank’s stock valued at $3,333,000 after purchasing an additional 2,023 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Credicorp by 25.2% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 291,237 shares of the bank’s stock valued at $77,551,000 after purchasing an additional 58,690 shares in the last quarter. Finally, ARGA Investment Management LP grew its holdings in shares of Credicorp by 1.3% in the 3rd quarter. ARGA Investment Management LP now owns 698,267 shares of the bank’s stock worth $185,935,000 after purchasing an additional 8,758 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Credicorp Stock Performance

Credicorp stock opened at $324.03 on Thursday. The stock has a 50-day simple moving average of $339.50 and a 200 day simple moving average of $291.83. The stock has a market capitalization of $25.77 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 0.75 and a beta of 0.87. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.36. Credicorp Ltd. has a 12-month low of $165.51 and a 12-month high of $380.20.

Credicorp (NYSE:BAP) last issued its quarterly earnings data on Tuesday, February 17th. The bank reported $5.88 EPS for the quarter, missing analysts’ consensus estimates of $6.61 by ($0.73). The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.77 billion. Credicorp had a return on equity of 20.43% and a net margin of 24.53%. On average, research analysts anticipate that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Credicorp in a report on Monday, December 29th. Zacks Research cut shares of Credicorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. The Goldman Sachs Group raised their price objective on shares of Credicorp from $293.00 to $330.00 and gave the stock a “neutral” rating in a report on Tuesday, February 17th. Wall Street Zen cut shares of Credicorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Finally, JPMorgan Chase & Co. boosted their target price on Credicorp from $242.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, November 21st. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $297.60.

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.