Boussard & Gavaudan Investment Management LLP Buys Shares of 48,124 Credicorp Ltd. (NYSE:BAP)

Boussard & Gavaudan Investment Management LLP acquired a new position in shares of Credicorp Ltd. (NYSE:BAP) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 48,124 shares of the bank’s stock, valued at approximately $8,671,000. Boussard & Gavaudan Investment Management LLP owned approximately 0.06% of Credicorp as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC raised its stake in shares of 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. Fisher Asset Management LLC raised its holdings in shares of Credicorp by 307.8% in the 3rd quarter. Fisher Asset Management LLC now owns 49,973 shares of the bank’s stock valued at $9,044,000 after purchasing an additional 37,718 shares during the period. Brown Brothers Harriman & Co. acquired a new position in shares of Credicorp in the third quarter valued at approximately $58,000. FMR LLC raised its stake in Credicorp by 6.1% in the third quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock valued at $623,735,000 after purchasing an additional 199,137 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Credicorp by 6.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,550 shares of the bank’s stock valued at $3,176,000 after acquiring an additional 1,105 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Price Performance

Shares of BAP stock opened at $190.69 on Friday. Credicorp Ltd. has a twelve month low of $153.27 and a twelve month 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’s fifty day moving average is $185.49 and its 200 day moving average is $185.18. The stock has a market cap of $15.17 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 0.56 and a beta of 1.10.

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 net margin of 20.94% and a return on equity of 16.25%. Research analysts expect that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

About Credicorp

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.