Asset Management One Co. Ltd. Grows Stake in Credicorp Ltd. (NYSE:BAP)
A number of other institutional investors and hedge funds have also changed their stock holdings. Mondrian Investment Partners LTD increased its stake in Credicorp by 8.8% in the third quarter. Mondrian Investment Partners LTD now owns 1,693,096 shares of the bank, valued at $207,912,000, after purchasing an additional 137,289 shares last quarter. The Bank of Nova Scotia increased its stake in Credicorp shares by 29.8% in the second quarter. The Bank of Nova Scotia now owns 1,344,796 shares of the bank worth $161,254,000 after purchasing an additional 308,617 shares last quarter. Baillie Gifford & Co. increased its stake in Credicorp by 2.5% in the third quarter. Baillie Gifford & Co. now owns 1,328,538 shares of the bank, valued at $163,145,000, after purchasing an additional 32,149 shares last quarter. William Blair Investment Management LLC increased its stake in Credicorp by 1.6% in the second quarter. William Blair Investment Management LLC now owns 1,094,592 shares of the bank valued at $131,253,000 after purchasing an additional 17,683 shares last quarter. Finally, ardn plc increased its stake in Credicorp by 8.3% in the second quarter. ardn plc now owns 912,050 shares of the bank valued at $109,702,000 after purchasing an additional 69,727 shares last quarter. Hedge funds and other institutional investors own 69.13% of the company’s shares.
Credicorp share performance
Credicorp stock opened at $134.30 on Wednesday. The company has a 50-day simple moving average of $142.10 and a 200-day simple moving average of $137.19. Credicorp Ltd. has a 1-year low of $113.21 and a 1-year high of $182.11. The company has a leverage ratio of 1.14, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $10.68 billion, a price-to-earnings ratio of 8.96, a price-to-earnings-to-growth ratio of 0.42 and a beta of 0.95.
Credicorp (NYSE:BAP – Get Rating) last released its quarterly results on Monday, November 7th. The bank reported earnings per share of $4.20 for the quarter, beating the consensus estimate of $3.91 by $0.29. Credicorp had a net margin of 24.59% and a return on equity of 17.15%. The company made $1.11 billion in revenue for the quarter, compared to analysts’ expectations of $1.13 billion. On average, analysts expect Credicorp Ltd. will report 15.39 EPS for the current year.
Changes in analyst ratings
BAP has been the subject of several research reports. Credit Suisse Group started coverage on Credicorp shares in a research note on Tuesday, December 13th. They assigned an Outperform rating and a price target of $142.00 for the company. StockNews.com began coverage on Credicorp shares in a research note on Wednesday, October 12th. They give the company a “hold” rating. Itau BBA Securities upgraded the shares of Credicorp from a “Market Perform” rating to a “Outperform” rating and issued a research note on Tuesday January 3rd with a price target of $156.00 for the company. Finally, Citigroup raised shares of Credicorp from a “neutral” rating to a “buy” rating and raised its target price on the company from $128.05 to $161.00 in a research note on Tuesday, October 4th raised.
Credicorp company profile
Credicorp Ltd. operates as a holding company engaged in the provision of financial services. It operates through the following segments: Universal Banking; microfinance; insurance and pensions; and investment banking and wealth management. The Universal Banking segment focuses on lending and securities services.
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