Sequoia Financial Advisors LLC Increases Stock Position in Credicorp Ltd. (NYSE:BAP)

Sequoia Financial Advisors LLC raised its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 151.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,039 shares of the bank’s stock after acquiring an additional 3,032 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Credicorp were worth $755,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Quarry LP boosted its position in shares of Credicorp by 171.1% during the second quarter. Quarry LP now owns 328 shares of the bank’s stock valued at $48,000 after buying an additional 207 shares during the last quarter. 1832 Asset Management L.P. purchased a new stake in shares of Credicorp during the 4th quarter valued at about $81,000. State of Wyoming bought a new stake in shares of Credicorp in the fourth quarter worth approximately $97,000. FNY Investment Advisers LLC purchased a new position in shares of Credicorp during the third quarter valued at approximately $102,000. Finally, PNC Financial Services Group Inc. lifted its position in Credicorp by 20.0% during the first quarter. PNC Financial Services Group Inc. now owns 1,040 shares of the bank’s stock valued at $179,000 after purchasing an additional 173 shares during the period. Institutional investors own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BAP shares. JPMorgan Chase & Co. boosted their target price on shares of Credicorp from $190.00 to $194.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. UBS Group cut their price objective on Credicorp from $192.00 to $190.00 and set a “buy” rating for the company in a report on Monday, February 5th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $181.73.

Credicorp Price Performance

Shares of Credicorp stock opened at $160.20 on Tuesday. The stock’s fifty day moving average is $168.86 and its 200 day moving average is $147.14. Credicorp Ltd. has a one year low of $116.42 and a one year high of $179.53. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.00 and a current ratio of 1.08. The stock has a market cap of $12.74 billion, a P/E ratio of 10.24, a P/E/G ratio of 0.56 and a beta of 1.13.

Credicorp (NYSE:BAP) last posted its quarterly earnings data on Thursday, February 8th. The bank reported $2.80 EPS for the quarter, missing the consensus estimate of $2.82 by ($0.02). The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.32 billion. Credicorp had a return on equity of 14.68% and a net margin of 20.17%. Sell-side analysts anticipate that Credicorp Ltd. will post 18.4 earnings per share for the current year.

Credicorp Profile

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. Its Universal Banking segment includes granting various credits and financial instruments to individuals and legal entities; and various deposits and checking accounts. The Insurance and Pensions segment includes the issuance of insurance policies to cover losses in commercial property, transport, marine vessels, automobiles, life, health, and pensions; management services for private pension funds.