Kepler Cheuvreux Suisse SA Increases Holdings in Credicorp Ltd. $BAP

Kepler Cheuvreux Suisse SA grew its position in Credicorp Ltd. (NYSE:BAP) by 74.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 63,243 shares of the bank’s stock after purchasing an additional 26,932 shares during the quarter. Kepler Cheuvreux Suisse SA’s holdings in Credicorp were worth $18,155,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Cigna Investments Inc. New raised its holdings in Credicorp by 2.8% in the fourth quarter. Cigna Investments Inc. New now owns 1,172 shares of the bank’s stock worth $336,000 after buying an additional 32 shares during the last quarter. Perpetual Ltd raised its holdings in Credicorp by 0.5% in the fourth quarter. Perpetual Ltd now owns 6,418 shares of the bank’s stock worth $1,842,000 after buying an additional 34 shares during the last quarter. One Wealth Advisors LLC raised its holdings in Credicorp by 2.5% in the third quarter. One Wealth Advisors LLC now owns 1,781 shares of the bank’s stock worth $474,000 after buying an additional 43 shares during the last quarter. Fiduciary Trust Co raised its holdings in Credicorp by 1.8% in the third quarter. Fiduciary Trust Co now owns 2,849 shares of the bank’s stock worth $759,000 after buying an additional 50 shares during the last quarter. Finally, Natural Investments LLC raised its holdings in Credicorp by 1.6% in the fourth quarter. Natural Investments LLC now owns 3,292 shares of the bank’s stock worth $944,000 after buying an additional 53 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Stock Up 0.0%

BAP opened at $330.60 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36. Credicorp Ltd. has a 1-year low of $193.13 and a 1-year high of $380.20. The company has a market capitalization of $31.20 billion, a PE ratio of 13.60, a PEG ratio of 0.74 and a beta of 0.87. The firm’s 50 day simple moving average is $334.47 and its two-hundred day simple moving average is $308.91.

Credicorp (NYSE:BAP) last released its quarterly earnings results on Sunday, February 1st. The bank reported $5.91 earnings per share for the quarter. Credicorp had a net margin of 24.53% and a return on equity of 20.43%. The business had revenue of $1.81 billion for the quarter. As a group, equities analysts forecast that Credicorp Ltd. will post 29.09 EPS for the current year.

Analyst Ratings Changes

BAP has been the subject of several recent analyst reports. Zacks Research cut shares of Credicorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. 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. Finally, UBS Group boosted their price target on Credicorp from $318.00 to $408.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $315.60.

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.