Credicorp Ltd. (NYSE:BAP) Shares Bought by Signaturefd LLC

Signaturefd LLC raised its stake in shares of Credicorp Ltd. (NYSE:BAP) by 24.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 746 shares of the bank’s stock after purchasing an additional 146 shares during the period. Signaturefd LLC’s holdings in Credicorp were worth $112,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BAP. Quantbot Technologies LP acquired a new stake in Credicorp in the 3rd quarter valued at approximately $136,000. Janiczek Wealth Management LLC boosted its position in shares of Credicorp by 25.2% during the fourth quarter. Janiczek Wealth Management LLC now owns 974 shares of the bank’s stock worth $146,000 after buying an additional 196 shares during the period. Blue Trust Inc. grew its stake in shares of Credicorp by 7.7% in the fourth quarter. Blue Trust Inc. now owns 1,396 shares of the bank’s stock valued at $209,000 after buying an additional 100 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Credicorp in the 3rd quarter valued at $218,000. Finally, Sequoia Financial Advisors LLC acquired a new position in Credicorp during the 3rd quarter worth about $257,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Stock Performance

Shares of BAP opened at $168.06 on Tuesday. Credicorp Ltd. has a 1 year low of $116.42 and a 1 year high of $179.53. The stock has a market capitalization of $13.37 billion, a PE ratio of 10.75, a PEG ratio of 0.57 and a beta of 1.13. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a 50-day simple moving average of $169.91 and a 200-day simple moving average of $149.93.

Credicorp (NYSE:BAP) last issued its quarterly earnings results on Thursday, February 8th. The bank reported $2.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.02). Credicorp had a return on equity of 14.68% and a net margin of 20.17%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.32 billion. On average, analysts predict that Credicorp Ltd. will post 18.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.