SG Americas Securities LLC Boosts Stake in Credicorp Ltd. $BAP

SG Americas Securities LLC lifted its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 7,441.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,053 shares of the bank’s stock after buying an additional 31,628 shares during the period. SG Americas Securities LLC’s holdings in Credicorp were worth $9,199,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Brown Brothers Harriman & Co. purchased a new position in Credicorp in the 3rd quarter worth about $35,000. Spire Wealth Management bought a new position in Credicorp during the 3rd quarter valued at about $42,000. MAI Capital Management boosted its holdings in shares of Credicorp by 5,300.0% during the 2nd quarter. MAI Capital Management now owns 162 shares of the bank’s stock valued at $36,000 after acquiring an additional 159 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Credicorp during the 2nd quarter valued at about $38,000. Finally, Quarry LP bought a new stake in shares of Credicorp in the third quarter worth approximately $46,000. 89.81% of the stock is currently owned by institutional investors.

Credicorp Price Performance

NYSE BAP opened at $322.32 on Monday. The company has a 50-day moving average price of $341.85 and a 200-day moving average price of $295.36. Credicorp Ltd. has a 52 week low of $165.51 and a 52 week high of $380.20. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $25.64 billion, a P/E ratio of 13.26, a PEG ratio of 0.72 and a beta of 0.87.

Credicorp (NYSE:BAP) last posted its quarterly earnings data on Sunday, February 1st. The bank reported $5.91 earnings per share (EPS) for the quarter. The company had revenue of $1.81 billion for the quarter. Credicorp had a net margin of 24.53% and a return on equity of 20.43%. Equities research analysts anticipate that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a report on Tuesday, February 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Credicorp in a research report on Monday, December 29th. Wall Street Zen lowered shares of Credicorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Finally, Zacks Research cut Credicorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Credicorp has a consensus rating of “Moderate Buy” and a consensus target price of $297.60.

Credicorp Profile

Credicorp Ltd. (NYSE: BAP) is a Lima-based financial services holding company that operates a diversified group of banking, insurance, and investment businesses. Established in the mid-1990s, Credicorp’s principal subsidiaries include Banco de Crédito del Perú (BCP), Mibanco (microfinance), Credicorp Capital (investment banking and asset management) and Pacífico Seguros (insurance). The company serves retail, commercial and corporate clients and is one of the largest financial conglomerates in Peru.

Through Banco de Crédito del Perú and its retail network, Credicorp provides a full suite of banking products including deposit accounts, consumer and commercial loans, mortgages, payment and transaction services, and digital banking solutions.