William Blair Investment Management LLC Boosts Holdings in Credicorp Ltd. (NYSE:BAP)

William Blair Investment Management LLC raised its holdings in Credicorp Ltd. (NYSE:BAP) by 16.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 478,867 shares of the bank’s stock after purchasing an additional 67,602 shares during the quarter. William Blair Investment Management LLC owned 0.60% of Credicorp worth $87,786,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Credicorp by 782.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,326,947 shares of the bank’s stock worth $240,138,000 after acquiring an additional 1,176,612 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Credicorp in the third quarter worth about $42,794,000. FMR LLC raised its position in shares of Credicorp by 6.1% in the third quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock worth $623,735,000 after acquiring an additional 199,137 shares during the period. TT International Asset Management LTD acquired a new position in shares of Credicorp in the third quarter worth about $25,081,000. Finally, SPX Gestao de Recursos Ltda acquired a new position in shares of Credicorp in the third quarter worth about $22,285,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Stock Up 0.9 %

BAP opened at $191.00 on Tuesday. Credicorp Ltd. has a twelve month low of $153.27 and a twelve month high of $200.00. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average price of $184.16 and a 200 day moving average price of $184.27. The company has a market cap of $15.19 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of 0.56 and a beta of 1.10.

Credicorp (NYSE:BAP) last released its quarterly earnings results on Monday, February 10th. The bank reported $3.76 earnings per share for the quarter, missing the consensus estimate of $4.42 by ($0.66). Credicorp had a return on equity of 16.25% and a net margin of 20.94%. Sell-side analysts expect that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Bank of America downgraded shares of Credicorp from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $209.00 to $208.00 in a research report on Monday, December 16th.

Credicorp 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.