Signaturefd LLC Grows Position in Credicorp Ltd. (NYSE:BAP)

Signaturefd LLC raised its position in Credicorp Ltd. (NYSE:BAP) by 24.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 746 shares of the bank’s stock after purchasing an additional 146 shares during the quarter. Signaturefd LLC’s holdings in Credicorp were worth $112,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BAP. Quantbot Technologies LP purchased a new stake in shares of Credicorp in the third quarter worth approximately $136,000. Janiczek Wealth Management LLC increased its stake in Credicorp by 25.2% in the fourth quarter. Janiczek Wealth Management LLC now owns 974 shares of the bank’s stock worth $146,000 after purchasing an additional 196 shares during the period. Blue Trust Inc. lifted its position in shares of Credicorp by 7.7% during the fourth quarter. Blue Trust Inc. now owns 1,396 shares of the bank’s stock worth $209,000 after purchasing an additional 100 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Credicorp during the third quarter valued at $218,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Credicorp during the third quarter valued at $257,000. Institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BAP shares. UBS Group decreased their price objective on shares of Credicorp from $192.00 to $190.00 and set a “buy” rating for the company in a report on Monday, February 5th. JPMorgan Chase & Co. boosted their price target on Credicorp from $190.00 to $194.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $181.73.

Credicorp Stock Up 0.6 %

Shares of Credicorp stock opened at $168.06 on Tuesday. Credicorp Ltd. has a 1 year low of $116.42 and a 1 year high of $179.53. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $13.37 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 0.57 and a beta of 1.13. The firm’s 50-day moving average is $169.91 and its two-hundred day moving average is $149.93.

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

About Credicorp

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.