Boston Partners Buys New Stake in Credicorp Ltd. $BAP

Boston Partners purchased a new position in Credicorp Ltd. (NYSE:BAP) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,148 shares of the bank’s stock, valued at approximately $2,268,000.

Other hedge funds have also recently modified their holdings of the company. Royal Bank of Canada increased its stake in Credicorp by 0.9% during the 1st quarter. Royal Bank of Canada now owns 1,695,980 shares of the bank’s stock worth $315,724,000 after buying an additional 14,852 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Credicorp by 4.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,650,293 shares of the bank’s stock valued at $368,873,000 after purchasing an additional 67,249 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Credicorp by 1.0% during 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 valued at $250,112,000 after acquiring an additional 13,592 shares during the last quarter. Bank of Nova Scotia raised its position in Credicorp by 21.8% in the first quarter. Bank of Nova Scotia now owns 867,347 shares of the bank’s stock valued at $161,465,000 after purchasing an additional 155,162 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in 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 acquiring an additional 4,527 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Stock Performance

NYSE:BAP opened at $257.21 on Friday. The firm has a market cap of $20.46 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 0.71 and a beta of 1.09. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.08 and a quick ratio of 1.08. Credicorp Ltd. has a 1-year low of $165.51 and a 1-year high of $280.88. The firm’s fifty day moving average price is $258.22 and its 200 day moving average price is $241.95.

Credicorp (NYSE:BAP) last issued its earnings results on Thursday, November 13th. The bank reported $6.17 earnings per share for the quarter, beating the consensus estimate of $6.05 by $0.12. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.71 billion. Credicorp had a net margin of 23.22% and a return on equity of 17.94%. On average, sell-side analysts expect that Credicorp Ltd. will post 21.9 EPS for the current year.

Analyst Upgrades and Downgrades

BAP has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price objective on Credicorp from $242.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. Citigroup raised their price objective on 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 Credicorp from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. UBS Group boosted their target price on Credicorp from $257.00 to $318.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Finally, Hsbc Global Res upgraded Credicorp to a “hold” rating in a research note on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $265.17.

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.