Zurcher Kantonalbank Zurich Cantonalbank Buys 1,680 Shares of Credicorp Ltd. (NYSE:BAP)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Credicorp Ltd. (NYSE:BAP) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 159,341 shares of the bank’s stock after purchasing an additional 1,680 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Credicorp were worth $29,210,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BAP. MassMutual Private Wealth & Trust FSB grew its holdings in Credicorp by 37.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock worth $41,000 after purchasing an additional 62 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of Credicorp by 4.2% during the fourth quarter. Sanctuary Advisors LLC now owns 1,529 shares of the bank’s stock valued at $283,000 after purchasing an additional 62 shares during the period. Wasatch Advisors LP boosted its position in shares of Credicorp by 0.7% during the 3rd quarter. Wasatch Advisors LP now owns 8,886 shares of the bank’s stock worth $1,608,000 after purchasing an additional 65 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Credicorp by 5.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,591 shares of the bank’s stock valued at $292,000 after buying an additional 76 shares during the period. Finally, Cerity Partners LLC increased its position in Credicorp by 3.8% in the 3rd quarter. Cerity Partners LLC now owns 3,068 shares of the bank’s stock valued at $555,000 after buying an additional 111 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Stock Performance

Shares of Credicorp stock opened at $181.05 on Wednesday. Credicorp Ltd. has a 52 week low of $153.27 and a 52 week high of $200.00. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. The business has a 50 day moving average price of $184.00 and a 200-day moving average price of $183.82. The company has a market cap of $14.40 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 0.56 and a beta of 1.10.

Credicorp (NYSE:BAP) last announced its quarterly earnings results on Monday, February 10th. The bank reported $3.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.42 by ($0.66). Credicorp had a return on equity of 16.25% and a net margin of 20.94%. Equities analysts anticipate that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on BAP shares. Bank of America lowered Credicorp from a “buy” rating to a “neutral” rating and cut their price target for the stock from $209.00 to $208.00 in a report on Monday, December 16th. JPMorgan Chase & Co. increased their target price on Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th.

Credicorp 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.