Credicorp Ltd. $BAP Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its position in shares of Credicorp Ltd. (NYSE:BAP) by 7.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,368 shares of the bank’s stock after acquiring an additional 3,747 shares during the quarter. Fisher Asset Management LLC’s holdings in Credicorp were worth $14,211,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. MAI Capital Management boosted its stake in shares of Credicorp by 5,300.0% in the second quarter. MAI Capital Management now owns 162 shares of the bank’s stock valued at $36,000 after purchasing an additional 159 shares during the period. Raymond James Financial Inc. purchased a new stake in Credicorp during the 2nd quarter worth approximately $38,000. Spire Wealth Management acquired a new stake in Credicorp during the 3rd quarter worth approximately $42,000. Smartleaf Asset Management LLC boosted its position in Credicorp by 37.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 244 shares of the bank’s stock valued at $55,000 after buying an additional 66 shares during the period. Finally, First Horizon Corp acquired a new position in shares of Credicorp in the third quarter worth $59,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Credicorp Price Performance

BAP stock opened at $339.92 on Thursday. The company has a market capitalization of $27.04 billion, a P/E ratio of 13.98, a PEG ratio of 0.75 and a beta of 0.87. Credicorp Ltd. has a twelve month low of $165.51 and a twelve month high of $380.20. The business has a 50 day simple moving average of $331.15 and a 200-day simple moving average of $286.32. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36.

Credicorp (NYSE:BAP) last issued its quarterly earnings results on Tuesday, February 17th. The bank reported $5.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.61 by ($0.73). Credicorp had a net margin of 24.53% and a return on equity of 20.43%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.77 billion. As a group, equities analysts anticipate that Credicorp Ltd. will post 21.9 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wall Street Zen lowered Credicorp from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. JPMorgan Chase & Co. increased their price target on Credicorp from $242.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Credicorp in a research note on Monday, December 29th. Zacks Research lowered shares of Credicorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, The Goldman Sachs Group raised their target price on shares of Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a report on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $297.60.

About Credicorp

Credicorp Ltd. (NYSE: BAP) is a Lima-based financial services holding company that operates a diversified group of banking, insurance, and investment businesses. Established in the mid-1990s, Credicorp’s principal subsidiaries include Banco de Crédito del Perú (BCP), Mibanco (microfinance), Credicorp Capital (investment banking and asset management) and Pacífico Seguros (insurance). The company serves retail, commercial and corporate clients and is one of the largest financial conglomerates in Peru.

Through Banco de Crédito del Perú and its retail network, Credicorp provides a full suite of banking products including deposit accounts, consumer and commercial loans, mortgages, payment and transaction services, and digital banking solutions.