Swedbank AB Has $16.25 Million Stock Position in Credicorp Ltd. $BAP

Swedbank AB increased its stake in Credicorp Ltd. (NYSE:BAP) by 33.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 56,602 shares of the bank’s stock after purchasing an additional 14,142 shares during the quarter. Swedbank AB’s holdings in Credicorp were worth $16,245,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BAP. Brown Brothers Harriman & Co. acquired a new position in Credicorp in the 3rd quarter worth $35,000. Raymond James Financial Inc. acquired a new position in Credicorp in the 2nd quarter worth $38,000. Spire Wealth Management acquired a new position in Credicorp in the 3rd quarter worth $42,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Credicorp in the 4th quarter worth $46,000. Finally, Quarry LP acquired a new position in Credicorp in the 3rd quarter worth $46,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Credicorp Trading Up 2.7%

Shares of NYSE:BAP opened at $330.60 on Friday. The company’s 50-day moving average price is $334.47 and its two-hundred day moving average price is $308.91. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.02 and a quick ratio of 1.02. Credicorp Ltd. has a one year low of $193.13 and a one year high of $380.20. The stock has a market capitalization of $31.20 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 0.72 and a beta of 0.87.

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

Wall Street Analyst Weigh In

BAP has been the subject of a number of research analyst reports. Zacks Research lowered shares of Credicorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. The Goldman Sachs Group upped their target price on shares of 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 upped their target price on shares of 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.