Handelsbanken Fonder AB Has $37.92 Million Stake in Credicorp Ltd. (NYSE:BAP)

Handelsbanken Fonder AB lifted its stake in shares of Credicorp Ltd. (NYSE:BAP) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 252,909 shares of the bank’s stock after buying an additional 5,695 shares during the quarter. Handelsbanken Fonder AB’s holdings in Credicorp were worth $37,919,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. CWM LLC grew its position in Credicorp by 69.2% in the 4th quarter. CWM LLC now owns 225 shares of the bank’s stock valued at $34,000 after purchasing an additional 92 shares during the period. Quarry LP grew its position in Credicorp by 171.1% in the 2nd quarter. Quarry LP now owns 328 shares of the bank’s stock valued at $48,000 after purchasing an additional 207 shares during the period. 1832 Asset Management L.P. acquired a new stake in Credicorp in the 4th quarter valued at $81,000. State of Wyoming acquired a new stake in Credicorp in the 4th quarter valued at $97,000. Finally, Signaturefd LLC grew its position in Credicorp by 24.3% in the 4th quarter. Signaturefd LLC now owns 746 shares of the bank’s stock valued at $112,000 after purchasing an additional 146 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Price Performance

Shares of NYSE:BAP opened at $165.02 on Monday. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.67. The stock’s fifty day simple moving average is $169.53 and its two-hundred day simple moving average is $148.18. Credicorp Ltd. has a 1-year low of $116.42 and a 1-year high of $179.53. The stock has a market cap of $13.12 billion, a PE ratio of 10.55, a price-to-earnings-growth ratio of 0.56 and a beta of 1.13.

Credicorp (NYSE:BAP) last issued its quarterly earnings data on Thursday, February 8th. The bank reported $2.80 earnings per share for the quarter, missing the consensus estimate of $2.82 by ($0.02). Credicorp had a net margin of 20.17% and a return on equity of 14.68%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.32 billion. As a group, analysts forecast that Credicorp Ltd. will post 18.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on BAP shares. JPMorgan Chase & Co. lifted their price target on shares of Credicorp from $190.00 to $194.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. UBS Group reduced their price target on shares of Credicorp from $192.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, February 5th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $181.73.

Credicorp Profile

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. Its Universal Banking segment includes granting various credits and financial instruments to individuals and legal entities; and various deposits and checking accounts. The Insurance and Pensions segment includes the issuance of insurance policies to cover losses in commercial property, transport, marine vessels, automobiles, life, health, and pensions; management services for private pension funds.