IFM Investors Pty Ltd Has $1.64 Million Stock Holdings in Credicorp Ltd. $BAP

IFM Investors Pty Ltd lifted its stake in shares of Credicorp Ltd. (NYSE:BAP) by 210.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,202 shares of the bank’s stock after acquiring an additional 4,202 shares during the quarter. IFM Investors Pty Ltd’s holdings in Credicorp were worth $1,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Credicorp in the 2nd quarter valued at about $110,945,000. Millennium Management LLC lifted its stake 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 buying an additional 285,597 shares during the period. Bank of America Corp DE boosted its holdings in shares of Credicorp by 125.5% during the 2nd quarter. Bank of America Corp DE now owns 491,046 shares of the bank’s stock worth $109,759,000 after buying an additional 273,305 shares in the last quarter. Altrinsic Global Advisors LLC boosted its holdings in shares of Credicorp by 125.8% during the 2nd quarter. Altrinsic Global Advisors LLC now owns 474,565 shares of the bank’s stock worth $106,075,000 after buying an additional 264,358 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Credicorp by 67.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 528,259 shares of the bank’s stock worth $118,076,000 after buying an additional 213,651 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Credicorp Stock Performance

Shares of Credicorp stock opened at $291.37 on Friday. The business’s fifty day simple moving average is $264.96 and its 200 day simple moving average is $251.43. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.63. Credicorp Ltd. has a 12 month low of $165.51 and a 12 month high of $292.00. The firm has a market capitalization of $23.18 billion, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 0.73 and a beta of 0.90.

Credicorp (NYSE:BAP) last announced its earnings results on Thursday, November 13th. The bank reported $6.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.05 by $0.12. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.71 billion. Credicorp had a return on equity of 19.50% and a net margin of 23.59%. As a group, analysts anticipate that Credicorp Ltd. will post 21.9 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on BAP shares. HSBC cut shares of Credicorp from a “buy” rating to a “hold” rating and increased their price objective for the stock from $225.00 to $255.00 in a research report on Friday, September 5th. JPMorgan Chase & Co. upped their price target on Credicorp from $242.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Wall Street Zen cut Credicorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Zacks Research upgraded Credicorp from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. Finally, UBS Group upped their target price on Credicorp from $257.00 to $318.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $276.60.

Credicorp Profile

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.