Vestmark Advisory Solutions Inc. Grows Stock Holdings in Credicorp Ltd. (NYSE:BAP)

Vestmark Advisory Solutions Inc. raised its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 19.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,330 shares of the bank’s stock after acquiring an additional 545 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Credicorp were worth $499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in BAP. Bank of New York Mellon Corp boosted its stake in Credicorp by 18.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,197,427 shares of the bank’s stock worth $153,235,000 after purchasing an additional 187,285 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Credicorp by 0.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 154,163 shares of the bank’s stock valued at $19,728,000 after acquiring an additional 508 shares during the period. IFM Investors Pty Ltd grew its stake in Credicorp by 41.3% during the third quarter. IFM Investors Pty Ltd now owns 4,373 shares of the bank’s stock valued at $560,000 after acquiring an additional 1,278 shares in the last quarter. Henry James International Management Inc. boosted its holdings in Credicorp by 17.4% in the 3rd quarter. Henry James International Management Inc. now owns 3,888 shares of the bank’s stock valued at $498,000 after purchasing an additional 575 shares during the period. Finally, Assetmark Inc. grew its position in Credicorp by 2,860.8% during the third quarter. Assetmark Inc. now owns 5,359 shares of the bank’s stock worth $686,000 after buying an additional 5,178 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

Credicorp Trading Up 0.7 %

NYSE:BAP opened at $169.74 on Tuesday. Credicorp Ltd. has a 12 month low of $116.42 and a 12 month high of $179.53. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average price of $169.66 and a 200-day moving average price of $151.36. The stock has a market cap of $13.50 billion, a price-to-earnings ratio of 10.85, a P/E/G ratio of 0.57 and a beta of 1.12.

Credicorp (NYSE:BAP) last released its quarterly earnings results on Thursday, February 8th. The bank reported $2.80 earnings per share for the quarter, missing the consensus estimate of $2.82 by ($0.02). The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.32 billion. Credicorp had a net margin of 20.17% and a return on equity of 14.68%. Equities analysts predict that Credicorp Ltd. will post 18.4 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Credicorp from $190.00 to $194.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. UBS Group dropped their price objective on Credicorp from $192.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, February 5th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Credicorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.73.

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.