Russell Investments Group Ltd. Raises Holdings in Credicorp Ltd. $BAP

Russell Investments Group Ltd. grew its holdings in Credicorp Ltd. (NYSE:BAP) by 6.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,244 shares of the bank’s stock after buying an additional 6,425 shares during the quarter. Russell Investments Group Ltd. owned about 0.13% of Credicorp worth $27,267,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Credicorp during the 1st quarter worth $78,000. Boston Partners purchased a new position in shares of Credicorp in the 2nd quarter valued at about $2,268,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Credicorp by 654.5% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 232,547 shares of the bank’s stock valued at $51,979,000 after purchasing an additional 201,724 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Credicorp by 53.0% in the second quarter. PNC Financial Services Group Inc. now owns 2,366 shares of the bank’s stock valued at $529,000 after purchasing an additional 820 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Credicorp by 0.6% in the second quarter. Geode Capital Management LLC now owns 518,751 shares of the bank’s stock valued at $114,936,000 after purchasing an additional 3,070 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Trading Down 3.4%

Shares of Credicorp stock opened at $326.07 on Friday. Credicorp Ltd. has a fifty-two week low of $165.51 and a fifty-two week high of $380.20. The business’s fifty day moving average is $336.52 and its two-hundred day moving average is $289.48. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.36. The firm has a market cap of $25.94 billion, a PE ratio of 13.41, a P/E/G ratio of 0.76 and a beta of 0.87.

Credicorp (NYSE:BAP) last announced 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 business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Credicorp had a net margin of 24.53% and a return on equity of 20.43%. Analysts anticipate that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Analyst Ratings Changes

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

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.