Credicorp Ltd. $BAP Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its stake in shares of Credicorp Ltd. (NYSE:BAP) by 50.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 304,295 shares of the bank’s stock after buying an additional 101,865 shares during the quarter. Handelsbanken Fonder AB owned about 0.38% of Credicorp worth $68,016,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in BAP. Allianz Asset Management GmbH lifted its position in Credicorp by 87.7% during the 1st quarter. Allianz Asset Management GmbH now owns 76,021 shares of the bank’s stock worth $14,152,000 after acquiring an additional 35,530 shares during the period. Y Intercept Hong Kong Ltd lifted its holdings in shares of Credicorp by 83.8% during the first quarter. Y Intercept Hong Kong Ltd now owns 5,767 shares of the bank’s stock worth $1,074,000 after purchasing an additional 2,629 shares during the period. KLP Kapitalforvaltning AS boosted its position in Credicorp by 1.0% in the first quarter. KLP Kapitalforvaltning AS now owns 19,629 shares of the bank’s stock valued at $3,654,000 after buying an additional 200 shares during the last quarter. Cape Ann Asset Management Ltd increased its holdings in Credicorp by 34.6% in the 1st quarter. Cape Ann Asset Management Ltd now owns 217,078 shares of the bank’s stock worth $36,780,000 after buying an additional 55,800 shares during the period. Finally, Wealthquest Corp purchased a new position in Credicorp during the 1st quarter worth approximately $728,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BAP has been the subject of several research reports. Weiss Ratings restated a “buy (b+)” rating on shares of Credicorp in a research note on Tuesday, October 14th. UBS Group boosted their target price on shares of Credicorp from $257.00 to $318.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. HSBC downgraded Credicorp from a “buy” rating to a “hold” rating and increased their price target for the stock from $225.00 to $255.00 in a research report on Friday, September 5th. Hsbc Global Res raised Credicorp to a “hold” rating in a report on Friday, September 5th. Finally, Zacks Research raised Credicorp from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $256.20.

Credicorp Price Performance

NYSE:BAP opened at $248.55 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.49. Credicorp Ltd. has a 52 week low of $165.51 and a 52 week high of $280.88. The stock’s 50-day moving average price is $259.92 and its 200-day moving average price is $239.56. The stock has a market capitalization of $19.77 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 0.71 and a beta of 1.09.

Credicorp (NYSE:BAP) last released its quarterly earnings results on Thursday, November 13th. The bank reported $6.17 earnings per share for the quarter, topping analysts’ consensus estimates of $6.05 by $0.12. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Credicorp had a return on equity of 17.94% and a net margin of 23.22%. As a group, equities analysts expect that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

Credicorp Company 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.