Allspring Global Investments Holdings LLC Acquires 304 Shares of Credicorp Ltd. (NYSE:BAP)

Allspring Global Investments Holdings LLC boosted its holdings in shares of Credicorp Ltd. (NYSE:BAPGet Rating) by 4.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,120 shares of the bank’s stock after purchasing an additional 304 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Credicorp were worth $874,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BAP. Janiczek Wealth Management LLC raised its stake in shares of Credicorp by 20.9% in the third quarter. Janiczek Wealth Management LLC now owns 620 shares of the bank’s stock valued at $79,000 after acquiring an additional 107 shares during the last quarter. NewEdge Wealth LLC raised its stake in shares of Credicorp by 3.9% in the second quarter. NewEdge Wealth LLC now owns 3,252 shares of the bank’s stock valued at $390,000 after acquiring an additional 121 shares during the last quarter. WCM Investment Management LLC raised its stake in shares of Credicorp by 7.6% in the third quarter. WCM Investment Management LLC now owns 2,205 shares of the bank’s stock valued at $270,000 after acquiring an additional 156 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Credicorp by 20.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,040 shares of the bank’s stock valued at $179,000 after acquiring an additional 173 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Credicorp by 2.1% in the first quarter. The Manufacturers Life Insurance Company now owns 19,853 shares of the bank’s stock valued at $3,412,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

Credicorp Price Performance

BAP opened at $140.27 on Monday. The company has a fifty day moving average price of $144.19 and a two-hundred day moving average price of $136.22. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.13 and a current ratio of 1.13. Credicorp Ltd. has a 52 week low of $113.21 and a 52 week high of $182.11. The firm has a market capitalization of $11.16 billion, a PE ratio of 9.36, a P/E/G ratio of 0.42 and a beta of 0.95.

Credicorp (NYSE:BAPGet Rating) last released its earnings results on Monday, November 7th. The bank reported $4.20 EPS for the quarter, topping analysts’ consensus estimates of $3.91 by $0.29. Credicorp had a net margin of 24.59% and a return on equity of 17.15%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.13 billion. As a group, analysts anticipate that Credicorp Ltd. will post 15.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BAP shares. Credit Suisse Group started coverage on shares of Credicorp in a report on Tuesday, December 13th. They issued an “outperform” rating and a $142.00 price target for the company. Citigroup raised shares of Credicorp from a “neutral” rating to a “buy” rating and raised their price target for the company from $128.05 to $161.00 in a report on Tuesday, October 4th. StockNews.com started coverage on shares of Credicorp in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Itau BBA Securities raised shares of Credicorp from a “market perform” rating to an “outperform” rating and set a $156.00 price target for the company in a report on Tuesday, January 3rd.

Credicorp Company Profile

(Get Rating)

Credicorp Ltd., a financial service holding company, provides various financial, insurance, and health services and products primarily in Peru and internationally. The company's Universal Banking segment offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.

Featured Stories

Want to see what other hedge funds are holding BAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Credicorp Ltd. (NYSE:BAPGet Rating).

Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

Receive News & Ratings for Credicorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credicorp and related companies with MarketBeat.com's FREE daily email newsletter.