BlackRock Inc. grew its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 1.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,545,396 shares of the bank’s stock after acquiring an additional 50,870 shares during the period. BlackRock Inc. owned about 4.45% of Credicorp worth $790,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently modified their holdings of the company. Cornerstone Wealth Management LLC bought a new position in shares of Credicorp during the 2nd quarter valued at about $157,000. Atria Investments LLC bought a new position in shares of Credicorp during the 3rd quarter valued at about $272,000. Victory Capital Management Inc. bought a new position in shares of Credicorp during the 2nd quarter valued at about $279,000. Fulton Bank N.A. bought a new position in shares of Credicorp during the 3rd quarter valued at about $403,000. Finally, Eqis Capital Management Inc. bought a new position in shares of Credicorp during the 2nd quarter valued at about $408,000. 66.21% of the stock is owned by institutional investors.
Shares of NYSE BAP opened at $219.29 on Monday. 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 cap of $17.49 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 1.29 and a beta of 0.79. Credicorp Ltd. has a 12-month low of $189.69 and a 12-month high of $239.54.
Credicorp (NYSE:BAP) last announced its earnings results on Thursday, November 8th. The bank reported $3.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.00 by ($0.15). The business had revenue of $982.21 million for the quarter. Credicorp had a net margin of 25.82% and a return on equity of 18.21%. As a group, sell-side analysts expect that Credicorp Ltd. will post 15.77 EPS for the current year.
Separately, UBS Group raised shares of Credicorp from a “hold” rating to a “buy” rating in a report on Monday, September 17th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $252.00.
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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