Fisher Asset Management LLC Has $11.09 Million Holdings in Credicorp Ltd. $BAP

Fisher Asset Management LLC decreased its stake in Credicorp Ltd. (NYSE:BAP) by 9.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,621 shares of the bank’s stock after selling 5,082 shares during the period. Fisher Asset Management LLC owned approximately 0.06% of Credicorp worth $11,091,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of BAP. Norges Bank bought a new stake in Credicorp in the 2nd quarter valued at $110,945,000. Nuveen LLC acquired a new position in shares of Credicorp during the first quarter valued at about $77,577,000. Millennium Management LLC lifted its stake in shares of Credicorp by 853.1% in the first quarter. Millennium Management LLC now owns 319,076 shares of the bank’s stock valued at $59,399,000 after buying an additional 285,597 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its position in Credicorp by 654.5% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 232,547 shares of the bank’s stock worth $51,979,000 after buying an additional 201,724 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in Credicorp by 46.6% during the second quarter. Acadian Asset Management LLC now owns 464,098 shares of the bank’s stock worth $103,698,000 after buying an additional 147,573 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on BAP. JPMorgan Chase & Co. raised 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 target price on Credicorp from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. UBS Group boosted their price target on shares of Credicorp from $257.00 to $318.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Hsbc Global Res upgraded shares of Credicorp to a “hold” rating in a research note on Friday, September 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Credicorp in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $265.17.

Credicorp Stock Performance

Credicorp stock opened at $262.94 on Thursday. The firm has a market capitalization of $20.91 billion, a P/E ratio of 11.85, a P/E/G ratio of 0.65 and a beta of 0.90. The stock has a fifty day moving average price of $257.81 and a two-hundred day moving average price of $243.04. Credicorp Ltd. has a 52-week low of $165.51 and a 52-week high of $280.88. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.07 and a quick ratio of 1.07.

Credicorp (NYSE:BAP) last posted its earnings results on Thursday, November 13th. The bank reported $6.17 earnings per share for the quarter, topping the consensus estimate of $6.05 by $0.12. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.71 billion. Credicorp had a net margin of 23.59% and a return on equity of 19.50%. As a group, analysts anticipate that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

About Credicorp

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.