William Blair Investment Management LLC Has $220.25 Million Position in Credicorp Ltd. $BAP

William Blair Investment Management LLC cut its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 6.4% during the fourth quarter, Holdings Channel reports. The fund owned 767,413 shares of the bank’s stock after selling 52,660 shares during the quarter. William Blair Investment Management LLC’s holdings in Credicorp were worth $220,248,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Brown Brothers Harriman & Co. acquired a new position in shares of Credicorp during the 3rd quarter worth approximately $35,000. Raymond James Financial Inc. acquired a new position in Credicorp in the 2nd quarter valued at $38,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Credicorp in the 4th quarter valued at $46,000. Quarry LP acquired a new position in Credicorp in the 3rd quarter valued at $46,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Credicorp by 44.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 188 shares of the bank’s stock valued at $54,000 after buying an additional 58 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BAP shares. HSBC raised Credicorp from a “hold” rating to a “buy” rating and upped their price objective for the company from $320.00 to $350.00 in a report on Tuesday. Weiss Ratings raised Credicorp from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, May 15th. UBS Group upped their price objective on Credicorp from $318.00 to $408.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Zacks Research lowered Credicorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, The Goldman Sachs Group upped their price objective on Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Credicorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $334.60.

Credicorp Stock Performance

BAP opened at $333.30 on Friday. The firm has a market cap of $31.46 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 0.75 and a beta of 0.87. Credicorp Ltd. has a 52-week low of $201.33 and a 52-week high of $380.20. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.02 and a current ratio of 1.02. The business’s fifty day moving average is $330.67 and its 200-day moving average is $313.68.

Credicorp (NYSE:BAP) last released its earnings results on Sunday, February 1st. The bank reported $5.91 earnings per share (EPS) for the quarter. The company had revenue of $1.81 billion for the quarter. Credicorp had a return on equity of 20.61% and a net margin of 24.81%. Sell-side analysts expect that Credicorp Ltd. will post 29.38 EPS for the current fiscal year.

Credicorp 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.