Vanguard Group Inc. Increases Stake in Credicorp Ltd. $BAP

Vanguard Group Inc. grew its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 2.5% during the 4th quarter, HoldingsChannel reports. The firm owned 631,318 shares of the bank’s stock after buying an additional 15,670 shares during the period. Vanguard Group Inc.’s holdings in Credicorp were worth $181,188,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. M&T Bank Corp purchased a new position in shares of Credicorp in the fourth quarter worth about $1,403,000. Novem Group acquired a new position in Credicorp during the fourth quarter worth about $1,189,000. Ninety One UK Ltd boosted its position in Credicorp by 14.7% during the fourth quarter. Ninety One UK Ltd now owns 400,531 shares of the bank’s stock worth $114,952,000 after acquiring an additional 51,308 shares during the last quarter. Ninety One North America Inc. boosted its position in Credicorp by 9.9% during the fourth quarter. Ninety One North America Inc. now owns 166,814 shares of the bank’s stock worth $47,876,000 after acquiring an additional 14,994 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Credicorp during the fourth quarter worth about $46,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Stock Performance

BAP opened at $330.60 on Monday. The firm 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. Credicorp Ltd. has a twelve month low of $193.13 and a twelve month high of $380.20. The firm’s 50-day moving average price is $334.47 and its 200 day moving average price is $308.91. 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 (NYSE:BAP) last posted its earnings results on Sunday, February 1st. The bank reported $5.91 earnings per share for the quarter. The company had revenue of $1.81 billion for the quarter. Credicorp had a net margin of 24.53% and a return on equity of 20.43%. As a group, sell-side analysts expect that Credicorp Ltd. will post 29.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BAP has been the topic of a number of recent research reports. Zacks Research lowered shares of Credicorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. The Goldman Sachs Group boosted their price target on shares of Credicorp from $293.00 to $330.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. Finally, UBS Group boosted their price target on shares of Credicorp from $318.00 to $408.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $315.60.

About Credicorp

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.