Atomi Financial Group Inc. grew its position in shares of Credicorp Ltd. (NYSE:BAP – Free Report) by 20.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,562 shares of the bank’s stock after purchasing an additional 260 shares during the quarter. Atomi Financial Group Inc.’s holdings in Credicorp were worth $286,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its stake in Credicorp by 37.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock valued at $41,000 after purchasing an additional 62 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in Credicorp in the third quarter valued at about $58,000. Aprio Wealth Management LLC bought a new position in shares of Credicorp during the 4th quarter valued at $200,000. Sanctuary Advisors LLC acquired a new stake in Credicorp in the 2nd quarter worth approximately $210,000. Finally, Dynamic Advisor Solutions LLC acquired a new stake in Credicorp in the 3rd quarter valued at approximately $216,000. 89.81% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several brokerages have issued reports on BAP. JPMorgan Chase & Co. boosted their price target on shares of Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Bank of America cut Credicorp from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $209.00 to $208.00 in a research note on Monday, December 16th. Finally, The Goldman Sachs Group raised their price target on Credicorp from $143.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday, October 8th.
Credicorp Price Performance
Shares of BAP opened at $181.51 on Monday. Credicorp Ltd. has a twelve month low of $147.00 and a twelve month high of $200.00. The company has a 50 day moving average of $186.82 and a 200-day moving average of $180.23. The stock has a market capitalization of $14.44 billion, a P/E ratio of 10.41, a P/E/G ratio of 0.49 and a beta of 1.12. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.66.
Credicorp (NYSE:BAP – Get Free Report) last issued its earnings results on Thursday, November 7th. The bank reported $5.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.67 by $0.41. Credicorp had a net margin of 20.11% and a return on equity of 15.59%. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the firm earned $4.23 EPS. As a group, equities research analysts forecast that Credicorp Ltd. will post 18.91 EPS for the current fiscal year.
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.
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