Amundi Buys 17,444 Shares of Credicorp Ltd. $BAP

Amundi raised its stake in shares of Credicorp Ltd. (NYSE:BAP) by 4.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 391,074 shares of the bank’s stock after acquiring an additional 17,444 shares during the period. Amundi’s holdings in Credicorp were worth $88,434,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of BAP. First Horizon Advisors Inc. grew its position in Credicorp by 33.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 283 shares of the bank’s stock worth $63,000 after purchasing an additional 71 shares in the last quarter. National Pension Service boosted its stake in shares of Credicorp by 0.7% in the 1st quarter. National Pension Service now owns 17,592 shares of the bank’s stock worth $3,275,000 after buying an additional 117 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Credicorp by 2.4% in the first quarter. Voya Investment Management LLC now owns 5,088 shares of the bank’s stock valued at $947,000 after acquiring an additional 120 shares in the last quarter. MAI Capital Management increased its position in shares of Credicorp by 5,300.0% during the second quarter. MAI Capital Management now owns 162 shares of the bank’s stock valued at $36,000 after acquiring an additional 159 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in Credicorp by 0.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 21,871 shares of the bank’s stock worth $4,853,000 after acquiring an additional 179 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Stock Performance

NYSE:BAP opened at $269.48 on Tuesday. The stock has a market cap of $21.43 billion, a P/E ratio of 12.14, a PEG ratio of 0.69 and a beta of 0.90. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.63. The business’s 50-day moving average price is $258.35 and its two-hundred day moving average price is $244.92. Credicorp Ltd. has a twelve month low of $165.51 and a twelve month high of $280.88.

Credicorp (NYSE:BAP) last posted its quarterly earnings data on Thursday, November 13th. The bank reported $6.17 earnings per share for the quarter, beating the consensus estimate of $6.05 by $0.12. Credicorp had a net margin of 23.59% and a return on equity of 19.50%. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.71 billion. As a group, equities analysts predict that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Citigroup raised their price target on shares of Credicorp from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Credicorp in a research report on Monday, December 1st. Wall Street Zen upgraded Credicorp from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. HSBC downgraded Credicorp from a “buy” rating to a “hold” rating and increased their price target for the stock from $225.00 to $255.00 in a research note on Friday, September 5th. Finally, Hsbc Global Res raised Credicorp to a “hold” rating in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $265.17.

Credicorp Company 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.