SVB Wealth LLC Acquires New Position in Credicorp Ltd. $BAP

SVB Wealth LLC acquired a new stake in shares of Credicorp Ltd. (NYSE:BAP) during the 1st quarter, Holdings Channel reports. The fund acquired 190 shares of the bank’s stock, valued at approximately $35,000.

Several other institutional investors also recently bought and sold shares of the company. Fiduciary Trust Co boosted its holdings in shares of Credicorp by 4.3% during the 4th quarter. Fiduciary Trust Co now owns 1,939 shares of the bank’s stock valued at $356,000 after acquiring an additional 80 shares during the last quarter. Deltec Asset Management LLC boosted its holdings in shares of Credicorp by 4.3% during the 1st quarter. Deltec Asset Management LLC now owns 2,400 shares of the bank’s stock valued at $447,000 after acquiring an additional 100 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Credicorp by 1.5% during the 1st quarter. Fifth Third Bancorp now owns 6,645 shares of the bank’s stock valued at $1,237,000 after acquiring an additional 101 shares during the last quarter. National Pension Service boosted its holdings in shares of Credicorp by 0.7% during the 1st quarter. National Pension Service now owns 17,592 shares of the bank’s stock valued at $3,275,000 after acquiring an additional 117 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in shares of Credicorp by 2.1% during the 1st quarter. Ritholtz Wealth Management now owns 9,202 shares of the bank’s stock valued at $1,713,000 after acquiring an additional 188 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Price Performance

Shares of NYSE:BAP opened at $252.72 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.08 and a quick ratio of 1.08. Credicorp Ltd. has a 1-year low of $165.51 and a 1-year high of $256.99. The company has a market capitalization of $20.10 billion, a P/E ratio of 13.74, a P/E/G ratio of 0.70 and a beta of 1.09. The firm’s 50 day simple moving average is $234.62 and its two-hundred day simple moving average is $208.23.

Credicorp (NYSE:BAP) last issued its quarterly earnings results on Thursday, August 14th. The bank reported $6.24 earnings per share for the quarter, beating the consensus estimate of $5.73 by $0.51. Credicorp had a net margin of 20.94% and a return on equity of 16.25%. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.52 billion. Research analysts expect that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BAP. The Goldman Sachs Group raised shares of Credicorp from a “sell” rating to a “neutral” rating and raised their price target for the company from $174.00 to $225.00 in a report on Thursday, July 24th. Citigroup raised their price target on shares of Credicorp from $255.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Wall Street Zen raised shares of Credicorp from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. Finally, UBS Group reaffirmed a “buy” rating on shares of Credicorp in a report on Monday, June 2nd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $236.80.

About Credicorp

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.