Credicorp Ltd. $BAP is INCA Investments LLC’s Largest Position

INCA Investments LLC boosted its position in shares of Credicorp Ltd. (NYSE:BAP) by 5.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 228,233 shares of the bank’s stock after buying an additional 12,183 shares during the quarter. Credicorp accounts for approximately 22.9% of INCA Investments LLC’s investment portfolio, making the stock its largest position. INCA Investments LLC owned 0.29% of Credicorp worth $65,503,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Ashoka WhiteOak Capital Pte Ltd boosted its stake in Credicorp by 65.6% during the fourth quarter. Ashoka WhiteOak Capital Pte Ltd now owns 9,125 shares of the bank’s stock worth $2,646,000 after buying an additional 3,615 shares during the period. Swiss Life Asset Management Ltd grew its stake in shares of Credicorp by 15.2% during the fourth quarter. Swiss Life Asset Management Ltd now owns 10,193 shares of the bank’s stock valued at $2,925,000 after buying an additional 1,347 shares during the last quarter. C WorldWide Group Holding A S bought a new position in shares of Credicorp during the fourth quarter valued at approximately $278,000. Kepler Cheuvreux Suisse SA grew its stake in shares of Credicorp by 74.2% during the fourth quarter. Kepler Cheuvreux Suisse SA now owns 63,243 shares of the bank’s stock valued at $18,155,000 after buying an additional 26,932 shares during the last quarter. Finally, NewEdge Wealth LLC grew its stake in shares of Credicorp by 3.9% during the fourth quarter. NewEdge Wealth LLC now owns 2,544 shares of the bank’s stock valued at $730,000 after buying an additional 95 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Stock Up 0.4%

NYSE:BAP opened at $323.83 on Wednesday. Credicorp Ltd. has a twelve month low of $193.13 and a twelve month high of $380.20. The company has a market cap of $30.56 billion, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 0.72 and a beta of 0.87. The stock has a fifty day simple moving average of $332.85 and a 200-day simple moving average of $310.43. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36.

Credicorp (NYSE:BAP) last announced its quarterly earnings results on Sunday, February 1st. The bank reported $5.91 earnings per share (EPS) for the quarter. The firm had revenue of $1.81 billion during the quarter. Credicorp had a return on equity of 20.43% and a net margin of 24.53%. Analysts anticipate that Credicorp Ltd. will post 29.09 EPS for the current year.

Wall Street Analysts Forecast Growth

BAP has been the topic of a number of analyst reports. Zacks Research cut Credicorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. The Goldman Sachs Group lifted their target price on Credicorp from $293.00 to $330.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. Finally, UBS Group lifted their target price on Credicorp from $318.00 to $408.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $315.60.

Credicorp Company 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.