Deprince Race & Zollo Inc. lifted its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 24.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,410 shares of the bank’s stock after acquiring an additional 5,200 shares during the period. Deprince Race & Zollo Inc.’s holdings in Credicorp were worth $6,046,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Carillon Tower Advisers Inc. increased its position in shares of Credicorp by 22.9% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 56,033 shares of the bank’s stock valued at $12,827,000 after buying an additional 10,453 shares in the last quarter. CIBC World Markets Inc. bought a new stake in shares of Credicorp during the first quarter worth approximately $251,000. First Quadrant L P CA bought a new stake in shares of Credicorp during the second quarter worth approximately $298,000. Comerica Bank boosted its holdings in shares of Credicorp by 15.0% during the first quarter. Comerica Bank now owns 5,509 shares of the bank’s stock worth $1,331,000 after acquiring an additional 718 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in shares of Credicorp by 1.5% during the first quarter. Lazard Asset Management LLC now owns 569,537 shares of the bank’s stock worth $136,659,000 after acquiring an additional 8,157 shares during the period. 68.70% of the stock is owned by institutional investors.
A number of brokerages have recently issued reports on BAP. ValuEngine cut Credicorp from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. upgraded Credicorp from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $232.00 to $250.00 in a report on Tuesday, August 13th. Zacks Investment Research upgraded Credicorp from a “sell” rating to a “hold” rating in a research note on Monday. Bank of America upgraded Credicorp from an “underperform” rating to a “buy” rating in a research note on Thursday, September 5th. Finally, HSBC upgraded Credicorp from a “hold” rating to a “buy” rating and boosted their price target for the company from $245.00 to $250.00 in a research note on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $258.00.
NYSE BAP opened at $213.09 on Thursday. The company has a market capitalization of $16.89 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 1.07 and a beta of 0.71. Credicorp Ltd. has a twelve month low of $199.83 and a twelve month high of $252.49. The stock has a fifty day simple moving average of $210.72 and a 200 day simple moving average of $227.55. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.59.
Credicorp (NYSE:BAP) last posted its quarterly earnings data on Thursday, August 8th. The bank reported $3.69 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.14 by ($0.45). The company had revenue of $971.06 million during the quarter, compared to analyst estimates of $1.06 billion. Credicorp had a net margin of 24.65% and a return on equity of 16.48%. Research analysts expect that Credicorp Ltd. will post 16.52 earnings per share for the current fiscal year.
Credicorp Ltd., a financial services holding company, 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 Wealth Management segments. The company offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.
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