Voya Investment Management LLC Buys 120 Shares of Credicorp Ltd. $BAP

Voya Investment Management LLC grew its stake in shares of Credicorp Ltd. (NYSE:BAP) by 2.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,088 shares of the bank’s stock after acquiring an additional 120 shares during the period. Voya Investment Management LLC’s holdings in Credicorp were worth $947,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of BAP. Inspire Investing LLC purchased a new position in Credicorp in the first quarter worth $744,000. Acadian Asset Management LLC raised its position in shares of Credicorp by 30.3% in the first quarter. Acadian Asset Management LLC now owns 316,525 shares of the bank’s stock worth $58,897,000 after acquiring an additional 73,644 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Credicorp by 1.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,343,531 shares of the bank’s stock worth $250,112,000 after acquiring an additional 13,592 shares during the period. Sciencast Management LP acquired a new position in shares of Credicorp in the first quarter worth about $828,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Credicorp by 0.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 781,374 shares of the bank’s stock worth $145,461,000 after purchasing an additional 4,527 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Credicorp Stock Up 0.3%

BAP stock opened at $266.46 on Thursday. The company has a market cap of $21.19 billion, a P/E ratio of 12.63, a P/E/G ratio of 0.72 and a beta of 1.12. Credicorp Ltd. has a 52 week low of $165.51 and a 52 week high of $280.88. The company’s 50-day moving average price is $251.17 and its 200 day moving average price is $219.25. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.49.

Credicorp (NYSE:BAP) last announced its earnings results on Thursday, August 14th. The bank reported $6.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.73 by $0.51. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Credicorp had a net margin of 23.22% and a return on equity of 17.94%. On average, research analysts expect that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BAP has been the subject of a number of recent research reports. The Goldman Sachs Group upgraded shares of Credicorp from a “sell” rating to a “neutral” rating and increased their price objective for the company from $174.00 to $225.00 in a report on Thursday, July 24th. UBS Group increased their price objective on shares of Credicorp from $257.00 to $318.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Citigroup increased their target price on shares of Credicorp from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Wall Street Zen upgraded shares of Credicorp from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. Finally, HSBC lowered shares of Credicorp from a “buy” rating to a “hold” rating and raised their price objective for the company from $225.00 to $255.00 in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $250.00.

Credicorp Company 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.