Nomura Asset Management Co. Ltd. Increases Stock Holdings in Credicorp Ltd. (NYSE:BAP)

Nomura Asset Management Co. Ltd. grew its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 11.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,970 shares of the bank’s stock after purchasing an additional 910 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Credicorp were worth $1,644,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. State Street Corp increased its stake in Credicorp by 2.0% during the 3rd quarter. State Street Corp now owns 1,123,023 shares of the bank’s stock worth $207,235,000 after buying an additional 21,943 shares during the period. Ninety One UK Ltd raised its stake in shares of Credicorp by 4.7% in the fourth quarter. Ninety One UK Ltd now owns 1,089,334 shares of the bank’s stock valued at $199,697,000 after acquiring an additional 49,031 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in Credicorp by 5.2% in the fourth quarter. Pzena Investment Management LLC now owns 1,080,579 shares of the bank’s stock valued at $198,092,000 after purchasing an additional 53,746 shares during the period. ARGA Investment Management LP grew its stake in Credicorp by 0.9% during the 4th quarter. ARGA Investment Management LP now owns 794,587 shares of the bank’s stock worth $145,664,000 after purchasing an additional 6,864 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Credicorp by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 659,904 shares of the bank’s stock worth $120,974,000 after purchasing an additional 19,145 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

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

Credicorp Price Performance

Credicorp stock opened at $193.27 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. The company has a fifty day simple moving average of $186.10 and a 200-day simple moving average of $185.71. The stock has a market cap of $15.37 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 0.56 and a beta of 1.10. Credicorp Ltd. has a 12-month low of $153.27 and a 12-month high of $200.00.

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 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 analysts expect that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

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.