Neuberger Berman Group LLC Has $61.95 Million Position in Credicorp Ltd. (BAP)
Neuberger Berman Group LLC raised its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 302,147 shares of the bank’s stock after buying an additional 7,792 shares during the quarter. Neuberger Berman Group LLC owned about 0.38% of Credicorp worth $61,946,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Advisor Group Inc. lifted its holdings in shares of Credicorp by 143.0% during the second quarter. Advisor Group Inc. now owns 724 shares of the bank’s stock worth $130,000 after buying an additional 426 shares during the last quarter. Blair William & Co. IL acquired a new position in shares of Credicorp in the second quarter valued at $239,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Credicorp in the third quarter valued at $251,000. First Mercantile Trust Co. raised its stake in shares of Credicorp by 54.1% in the second quarter. First Mercantile Trust Co. now owns 1,425 shares of the bank’s stock valued at $256,000 after purchasing an additional 500 shares in the last quarter. Finally, High Pointe Capital Management LLC acquired a new position in shares of Credicorp in the third quarter valued at $268,000. Institutional investors own 66.16% of the company’s stock.
A number of research analysts recently commented on the company. ValuEngine lowered Credicorp from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. HSBC lowered Credicorp from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Bank of America lowered Credicorp from a “buy” rating to a “neutral” rating in a research note on Monday, September 18th. Citigroup lowered Credicorp from a “buy” rating to a “neutral” rating in a research note on Friday, September 29th. Finally, Goldman Sachs Group restated a “buy” rating and issued a $248.00 target price on shares of Credicorp in a research note on Monday, September 11th. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Credicorp has a consensus rating of “Buy” and a consensus price target of $224.25.
Credicorp Ltd. (NYSE BAP) opened at $192.00 on Monday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market capitalization of $15,257.66, a price-to-earnings ratio of 13.95, a P/E/G ratio of 1.10 and a beta of 0.86. Credicorp Ltd. has a 12 month low of $150.71 and a 12 month high of $215.69.
Credicorp Ltd. is a financial services holding company in Peru. The Company has four operating segments based on its products and services, which include banking, insurance, pension funds and investment banking. Its operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP SA, and Credicorp Capital Ltd.
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