Deltec Asset Management LLC Grows Stock Position in Credicorp Ltd. (NYSE:BAP)

Deltec Asset Management LLC raised its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 64.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,300 shares of the bank’s stock after acquiring an additional 900 shares during the quarter. Deltec Asset Management LLC’s holdings in Credicorp were worth $422,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BAP. Yousif Capital Management LLC boosted its holdings in shares of Credicorp by 4.0% during the fourth quarter. Yousif Capital Management LLC now owns 3,489 shares of the bank’s stock worth $640,000 after purchasing an additional 135 shares during the last quarter. ARGA Investment Management LP lifted its position in Credicorp by 0.9% during the fourth quarter. ARGA Investment Management LP now owns 794,587 shares of the bank’s stock worth $145,664,000 after buying an additional 6,864 shares during the period. Ninety One UK Ltd boosted its stake in Credicorp by 4.7% in the 4th quarter. Ninety One UK Ltd now owns 1,089,334 shares of the bank’s stock worth $199,697,000 after buying an additional 49,031 shares during the last quarter. Ninety One North America Inc. grew its holdings in Credicorp by 0.8% in the 4th quarter. Ninety One North America Inc. now owns 218,943 shares of the bank’s stock valued at $40,137,000 after buying an additional 1,658 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Credicorp by 22.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 164,632 shares of the bank’s stock valued at $30,180,000 after acquiring an additional 29,925 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Trading Up 1.7 %

Shares of BAP stock opened at $185.85 on Wednesday. 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 Ltd. has a fifty-two week low of $147.29 and a fifty-two week high of $200.00. The firm’s 50 day moving average price is $185.29 and its two-hundred day moving average price is $180.93. The stock has a market cap of $14.78 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 0.49 and a beta of 1.12.

Credicorp (NYSE:BAP) last posted its earnings results on Thursday, November 7th. The bank reported $5.08 earnings per share for the quarter, beating the consensus estimate of $4.67 by $0.41. Credicorp had a net margin of 20.11% and a return on equity of 15.59%. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the business posted $4.23 EPS. On average, analysts anticipate that Credicorp Ltd. will post 18.91 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BAP. JPMorgan Chase & Co. raised their target price on shares of Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group upped their price objective on Credicorp from $143.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday, October 8th. Finally, Bank of America cut Credicorp from a “buy” rating to a “neutral” rating and reduced their target price for the company from $209.00 to $208.00 in a report on Monday, December 16th.

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.