First Trust Direct Indexing L.P. Makes New $215,000 Investment in Credicorp Ltd. (NYSE:BAP)

First Trust Direct Indexing L.P. purchased a new stake in Credicorp Ltd. (NYSE:BAP) during the 4th quarter, Holdings Channel reports. The firm purchased 1,437 shares of the bank’s stock, valued at approximately $215,000.

Several other large investors have also modified their holdings of BAP. WCM Investment Management LLC grew its holdings in Credicorp by 1,723.7% during the 4th quarter. WCM Investment Management LLC now owns 303,705 shares of the bank’s stock valued at $45,832,000 after buying an additional 287,052 shares during the last quarter. LA Financiere DE L Echiquier boosted its stake in shares of Credicorp by 20.3% during the fourth quarter. LA Financiere DE L Echiquier now owns 34,677 shares of the bank’s stock valued at $5,199,000 after acquiring an additional 5,841 shares during the last quarter. Deltec Asset Management LLC purchased a new stake in Credicorp during the 4th quarter worth about $1,349,000. Handelsbanken Fonder AB raised its stake in Credicorp by 2.3% in the 4th quarter. Handelsbanken Fonder AB now owns 252,909 shares of the bank’s stock valued at $37,919,000 after purchasing an additional 5,695 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Credicorp by 1.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,053,247 shares of the bank’s stock valued at $390,724,000 after purchasing an additional 55,018 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BAP has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Credicorp from $190.00 to $194.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. UBS Group cut their price target 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $181.73.

Credicorp Stock Performance

Credicorp stock opened at $176.17 on Thursday. The firm has a market capitalization of $14.01 billion, a P/E ratio of 11.26, a PEG ratio of 0.57 and a beta of 1.12. The stock has a fifty day moving average price of $169.64 and a 200 day moving average price of $151.69. Credicorp Ltd. has a 52 week low of $116.42 and a 52 week high of $179.53. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.44.

Credicorp (NYSE:BAP) last released its 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 net margin of 20.17% and a return on equity of 14.68%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Equities research 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. 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.