Nomura Asset Management Co. Ltd. increased its position in Credicorp Ltd. (NYSE:BAP) by 2.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,042 shares of the bank’s stock after purchasing an additional 180 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Credicorp were worth $1,930,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Credicorp during the fourth quarter valued at $101,423,000. BlackRock Inc. lifted its holdings in shares of Credicorp by 6.8% during the first quarter. BlackRock Inc. now owns 3,842,141 shares of the bank’s stock valued at $921,923,000 after acquiring an additional 243,191 shares during the period. Bank of Nova Scotia lifted its holdings in shares of Credicorp by 27.7% during the fourth quarter. Bank of Nova Scotia now owns 826,880 shares of the bank’s stock valued at $183,295,000 after acquiring an additional 179,314 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Credicorp by 6.7% in the first quarter. JPMorgan Chase & Co. now owns 2,793,683 shares of the bank’s stock valued at $670,346,000 after buying an additional 174,544 shares in the last quarter. Finally, Investec Asset Management LTD increased its stake in shares of Credicorp by 65.8% in the fourth quarter. Investec Asset Management LTD now owns 235,781 shares of the bank’s stock valued at $52,266,000 after buying an additional 93,539 shares in the last quarter. 67.29% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:BAP traded down $2.09 during midday trading on Friday, reaching $228.91. The company’s stock had a trading volume of 556,438 shares, compared to its average volume of 290,637. Credicorp Ltd. has a fifty-two week low of $207.41 and a fifty-two week high of $252.49. The company has a market capitalization of $18.32 billion, a P/E ratio of 15.38, a P/E/G ratio of 1.07 and a beta of 0.74. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.85. The stock’s fifty day simple moving average is $223.00.
A number of analysts have recently weighed in on the company. Zacks Investment Research upgraded Credicorp from a “sell” rating to a “hold” rating in a research note on Tuesday, March 26th. Citigroup lowered Credicorp from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $257.00.
Credicorp Ltd., a financial services holding company, 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 Wealth Management segments. The company offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.
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