Baillie Gifford & Co. Has $411.24 Million Stake in Credicorp Ltd. $BAP

Baillie Gifford & Co. lowered its stake in Credicorp Ltd. (NYSE:BAP) by 9.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,432,893 shares of the bank’s stock after selling 149,852 shares during the quarter. Baillie Gifford & Co. owned approximately 1.80% of Credicorp worth $411,240,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Principal Financial Group Inc. raised its holdings in Credicorp by 42.2% during the 3rd quarter. Principal Financial Group Inc. now owns 291,175 shares of the bank’s stock worth $77,534,000 after purchasing an additional 86,340 shares during the last quarter. Sovran Advisors LLC bought a new stake in shares of Credicorp in the 4th quarter valued at $1,358,000. Nordea Investment Management AB lifted its stake in shares of Credicorp by 17.4% in the third quarter. Nordea Investment Management AB now owns 27,953 shares of the bank’s stock valued at $7,479,000 after buying an additional 4,140 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Credicorp by 19.3% during the third quarter. Asset Management One Co. Ltd. now owns 12,516 shares of the bank’s stock valued at $3,333,000 after buying an additional 2,023 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Credicorp by 25.2% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 291,237 shares of the bank’s stock valued at $77,551,000 after buying an additional 58,690 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Credicorp Stock Performance

Shares of Credicorp stock opened at $349.34 on Monday. The business has a fifty day simple moving average of $341.08 and a two-hundred day simple moving average of $300.58. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $27.79 billion, a P/E ratio of 14.37, a P/E/G ratio of 0.78 and a beta of 0.93. Credicorp Ltd. has a 12 month low of $169.64 and a 12 month high of $380.20.

Credicorp (NYSE:BAP) last posted its quarterly earnings results on Sunday, February 1st. The bank reported $5.91 earnings per share (EPS) for the quarter. Credicorp had a return on equity of 20.43% and a net margin of 24.53%.The firm had revenue of $1.81 billion during the quarter. On average, equities analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

About Credicorp

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.