Axiom International Investors LLC DE raised its stake in Credicorp Ltd. (NYSE:BAP) by 8.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 370,897 shares of the bank’s stock after buying an additional 28,590 shares during the quarter. Credicorp comprises about 2.4% of Axiom International Investors LLC DE’s portfolio, making the stock its 11th biggest holding. Axiom International Investors LLC DE owned about 0.47% of Credicorp worth $82,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently bought and sold shares of the company. American International Group Inc. acquired a new position in Credicorp in the third quarter valued at about $260,000. Atria Investments LLC acquired a new position in Credicorp in the third quarter valued at about $272,000. Victory Capital Management Inc. acquired a new position in Credicorp in the second quarter valued at about $279,000. Texas Yale Capital Corp. acquired a new position in Credicorp in the third quarter valued at about $288,000. Finally, Fulton Bank N.A. acquired a new position in Credicorp in the third quarter valued at about $403,000. 66.21% of the stock is currently owned by institutional investors.
Separately, UBS Group raised shares of Credicorp from a “hold” rating to a “buy” rating in a research report on Monday, September 17th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $252.00.
NYSE BAP opened at $224.38 on Friday. Credicorp Ltd. has a 12 month low of $189.69 and a 12 month high of $239.54. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market capitalization of $17.66 billion, a price-to-earnings ratio of 14.26, a P/E/G ratio of 1.31 and a beta of 0.79.
Credicorp (NYSE:BAP) last issued its quarterly earnings results on Thursday, November 8th. The bank reported $3.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.00 by ($0.15). The business had revenue of $982.21 million for the quarter. Credicorp had a return on equity of 18.21% and a net margin of 25.82%. As a group, analysts predict that Credicorp Ltd. will post 15.77 EPS for the current fiscal year.
Credicorp Company Profile
Credicorp Ltd., through its banking and non-banking subsidiaries, provides a range of financial, insurance, and health services and products primarily in Peru and internationally. It operates through four segments: Banking, Insurance, Pension Funds, and Investment Banking. The company offers deposits, current accounts, loans, and credit facilities; and provides private pension fund management services to affiliated pensioners.
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