GSA Capital Partners LLP Acquires 5,548 Shares of Credicorp Ltd. $BAP

GSA Capital Partners LLP lifted its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 368.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,053 shares of the bank’s stock after purchasing an additional 5,548 shares during the period. GSA Capital Partners LLP’s holdings in Credicorp were worth $2,024,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Capital World Investors bought a new stake in shares of Credicorp during the 3rd quarter worth $434,014,000. Invesco Ltd. raised its stake in shares of Credicorp by 27.4% during the 3rd quarter. Invesco Ltd. now owns 1,349,408 shares of the bank’s stock worth $359,320,000 after purchasing an additional 290,585 shares during the period. State Street Corp raised its stake in shares of Credicorp by 5.8% during the 3rd quarter. State Street Corp now owns 1,267,553 shares of the bank’s stock worth $337,524,000 after purchasing an additional 70,017 shares during the period. Pzena Investment Management LLC raised its stake in shares of Credicorp by 2.5% during the 3rd quarter. Pzena Investment Management LLC now owns 1,053,056 shares of the bank’s stock worth $280,408,000 after purchasing an additional 25,339 shares during the period. Finally, Bank of Nova Scotia raised its stake in shares of Credicorp by 1.5% during the 3rd quarter. Bank of Nova Scotia now owns 1,030,687 shares of the bank’s stock worth $274,451,000 after purchasing an additional 15,278 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BAP has been the topic of a number of research reports. UBS Group boosted their price objective on Credicorp from $318.00 to $408.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group boosted their price objective on Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. HSBC upgraded Credicorp from a “hold” rating to a “buy” rating and boosted their price objective for the company from $320.00 to $350.00 in a research note on Tuesday. Weiss Ratings upgraded Credicorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday. Finally, Zacks Research cut Credicorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $334.60.

Credicorp Trading Up 3.6%

Shares of Credicorp stock opened at $314.86 on Wednesday. Credicorp Ltd. has a 52-week low of $193.88 and a 52-week high of $380.20. The stock’s 50-day simple moving average is $330.64 and its 200 day simple moving average is $312.45. The stock has a market capitalization of $29.72 billion, a P/E ratio of 12.14, a P/E/G ratio of 0.68 and a beta of 0.87. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.02 and a current ratio of 1.02.

Credicorp (NYSE:BAP) last announced its quarterly earnings data on Sunday, February 1st. The bank reported $5.91 earnings per share (EPS) for the quarter. Credicorp had a return on equity of 22.05% and a net margin of 24.81%.The business had revenue of $1.81 billion for the quarter. As a group, research analysts anticipate that Credicorp Ltd. will post 29.09 EPS for the current year.

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.