Credicorp Ltd. $BAP Shares Acquired by LSV Asset Management

LSV Asset Management lifted its holdings in Credicorp Ltd. (NYSE:BAP - Free Report) by 37.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,517 shares of the bank's stock after purchasing an additional 21,317 shares during the period. LSV Asset Management owned about 0.10% of Credicorp worth $17,327,000 as of its most recent filing with the Securities & Exchange Commission.

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Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in Credicorp in the 1st quarter valued at about $77,577,000. Millennium Management LLC raised its position in Credicorp by 853.1% in the first quarter. Millennium Management LLC now owns 319,076 shares of the bank's stock valued at $59,399,000 after purchasing an additional 285,597 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Credicorp by 654.5% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 232,547 shares of the bank's stock valued at $51,979,000 after acquiring an additional 201,724 shares during the period. Bank of Nova Scotia grew its holdings in shares of Credicorp by 21.8% in the first quarter. Bank of Nova Scotia now owns 867,347 shares of the bank's stock valued at $161,465,000 after purchasing an additional 155,162 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Credicorp by 46.6% in the second quarter. Acadian Asset Management LLC now owns 464,098 shares of the bank's stock worth $103,698,000 after acquiring an additional 147,573 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Trading Up 1.4%

NYSE BAP opened at $255.12 on Thursday. Credicorp Ltd. has a one year low of $165.51 and a one year high of $280.88. The company's 50 day moving average price is $260.27 and its 200 day moving average price is $239.50. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market capitalization of $20.29 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 0.71 and a beta of 1.09.

Credicorp (NYSE:BAP - Get Free Report) last announced its quarterly earnings results on Thursday, November 13th. The bank reported $6.17 EPS for the quarter, beating the consensus estimate of $6.05 by $0.12. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.71 billion. Credicorp had a net margin of 23.22% and a return on equity of 17.94%. On average, sell-side analysts predict that Credicorp Ltd. will post 21.9 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BAP shares. Zacks Research raised shares of Credicorp from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 26th. The Goldman Sachs Group raised shares of Credicorp from a "sell" rating to a "neutral" rating and upped their target price for the company from $174.00 to $225.00 in a report on Thursday, July 24th. Wall Street Zen raised shares of Credicorp from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. Citigroup increased their target price on Credicorp from $255.00 to $275.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Finally, UBS Group lifted their price target on shares of Credicorp from $257.00 to $318.00 and gave the company a "buy" rating in a research report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $256.20.

Get Our Latest Stock Analysis on Credicorp

Credicorp 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.

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Want to see what other hedge funds are holding BAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Credicorp Ltd. (NYSE:BAP - Free Report).

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