William Blair Investment Management LLC Increases Position in Credicorp Ltd. (NYSE:BAP)

William Blair Investment Management LLC boosted its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 16.4% in the 4th quarter, Holdings Channel reports. The fund owned 478,867 shares of the bank’s stock after acquiring an additional 67,602 shares during the quarter. William Blair Investment Management LLC’s holdings in Credicorp were worth $87,786,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. grew its stake in Credicorp by 4.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,628 shares of the bank’s stock valued at $298,000 after acquiring an additional 67 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of Credicorp by 0.7% in the 4th quarter. Natixis Advisors LLC now owns 14,149 shares of the bank’s stock valued at $2,594,000 after buying an additional 97 shares during the period. Brandes Investment Partners LP grew its stake in shares of Credicorp by 58.4% in the 4th quarter. Brandes Investment Partners LP now owns 22,570 shares of the bank’s stock valued at $4,137,000 after buying an additional 8,324 shares during the period. LBP AM SA grew its stake in shares of Credicorp by 2.0% in the 4th quarter. LBP AM SA now owns 29,097 shares of the bank’s stock valued at $5,334,000 after buying an additional 565 shares during the period. Finally, Erste Asset Management GmbH purchased a new stake in shares of Credicorp in the 4th quarter valued at approximately $906,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Stock Performance

NYSE:BAP opened at $191.00 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02. The stock has a market capitalization of $15.19 billion, a P/E ratio of 10.39, a PEG ratio of 0.56 and a beta of 1.10. The company has a 50 day moving average price of $184.16 and a 200 day moving average price of $184.27. Credicorp Ltd. has a fifty-two week low of $153.27 and a fifty-two week high of $200.00.

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

Wall Street Analysts Forecast Growth

Separately, Bank of America cut shares of Credicorp from a “buy” rating to a “neutral” rating and dropped their price target for the company from $209.00 to $208.00 in a research note on Monday, December 16th.

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.