TD Waterhouse Canada Inc. Boosts Stock Holdings in Credicorp Ltd. $BAP

TD Waterhouse Canada Inc. grew its position in Credicorp Ltd. (NYSE:BAP) by 62.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,000 shares of the bank’s stock after purchasing an additional 5,762 shares during the period. TD Waterhouse Canada Inc.’s holdings in Credicorp were worth $5,805,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. TD Asset Management Inc increased its stake in Credicorp by 1.6% during the 4th quarter. TD Asset Management Inc now owns 1,853 shares of the bank’s stock worth $532,000 after buying an additional 29 shares during the period. CIBC Private Wealth Group LLC grew its position in shares of Credicorp by 21.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 180 shares of the bank’s stock worth $52,000 after acquiring an additional 32 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Credicorp by 0.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 10,162 shares of the bank’s stock worth $2,916,000 after purchasing an additional 42 shares during the period. Fiduciary Trust Co grew its position in shares of Credicorp by 1.8% during the 3rd quarter. Fiduciary Trust Co now owns 2,849 shares of the bank’s stock valued at $759,000 after buying an additional 50 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Credicorp by 44.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 188 shares of the bank’s stock valued at $54,000 after purchasing an additional 58 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Trading Up 0.1%

Credicorp stock opened at $382.97 on Monday. The stock has a market cap of $36.14 billion, a price-to-earnings ratio of 14.19, a price-to-earnings-growth ratio of 0.75 and a beta of 0.88. Credicorp Ltd. has a 12 month low of $230.45 and a 12 month high of $413.24. The business has a 50 day moving average price of $385.33 and a two-hundred day moving average price of $355.95. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.38.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BAP. The Goldman Sachs Group lifted their price target on Credicorp from $329.00 to $374.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. HSBC upgraded shares of Credicorp from a “hold” rating to a “buy” rating and raised their price objective for the company from $320.00 to $350.00 in a research report on Tuesday, May 19th. JPMorgan Chase & Co. cut Credicorp from an “overweight” rating to a “neutral” rating and set a $415.00 price target on the stock. in a research note on Monday, June 15th. UBS Group boosted their target price on shares of Credicorp from $412.00 to $473.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Finally, Weiss Ratings raised shares of Credicorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $418.40.

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.