R Squared Ltd Purchases 206 Shares of Credicorp Ltd. $BAP

R Squared Ltd grew its position in shares of Credicorp Ltd. (NYSE:BAP) by 6.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,336 shares of the bank’s stock after buying an additional 206 shares during the quarter. R Squared Ltd’s holdings in Credicorp were worth $746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its stake in Credicorp by 0.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,032,656 shares of the bank’s stock valued at $564,559,000 after purchasing an additional 7,692 shares in the last quarter. Royal Bank of Canada raised its position in Credicorp by 0.9% during the first quarter. Royal Bank of Canada now owns 1,695,980 shares of the bank’s stock valued at $315,724,000 after purchasing an additional 14,852 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Credicorp by 1.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,343,531 shares of the bank’s stock valued at $250,112,000 after purchasing an additional 13,592 shares in the last quarter. Bank of Nova Scotia increased its stake in shares of Credicorp by 21.8% in the 1st quarter. Bank of Nova Scotia now owns 867,347 shares of the bank’s stock valued at $161,465,000 after purchasing an additional 155,162 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Credicorp by 0.6% in the first quarter. Goldman Sachs Group Inc. now owns 781,374 shares of the bank’s stock valued at $145,461,000 after acquiring an additional 4,527 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Credicorp Trading Up 1.8%

NYSE:BAP opened at $257.63 on Friday. Credicorp Ltd. has a 52 week low of $165.51 and a 52 week high of $280.88. The firm has a 50-day moving average price of $259.76 and a two-hundred day moving average price of $229.55. The firm has a market cap of $20.49 billion, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 0.69 and a beta of 1.11. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.08 and a current ratio of 1.08.

Credicorp (NYSE:BAP) last issued its quarterly earnings results on Thursday, August 14th. The bank reported $6.24 EPS for the quarter, beating analysts’ consensus estimates of $5.73 by $0.51. The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.52 billion. Credicorp had a return on equity of 17.94% and a net margin of 23.22%. On average, equities analysts expect that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Credicorp from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. UBS Group increased their target price on shares of Credicorp from $257.00 to $318.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Hsbc Global Res raised shares of Credicorp to a “hold” rating in a research note on Friday, September 5th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Credicorp in a report on Tuesday, October 14th. Finally, The Goldman Sachs Group upgraded Credicorp from a “sell” rating to a “neutral” rating and raised their target price for the company from $174.00 to $225.00 in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $250.00.

Credicorp Profile

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.