Assetmark Inc. Raises Stake in Credicorp Ltd. $BAP

Assetmark Inc. boosted its position in Credicorp Ltd. (NYSE:BAP) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,820 shares of the bank’s stock after buying an additional 1,688 shares during the quarter. Assetmark Inc.’s holdings in Credicorp were worth $6,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of BAP. Brown Brothers Harriman & Co. purchased a new stake in Credicorp in the third quarter worth approximately $35,000. Raymond James Financial Inc. purchased a new stake in Credicorp in the second quarter worth approximately $38,000. Spire Wealth Management purchased a new stake in Credicorp in the third quarter worth approximately $42,000. Quarry LP purchased a new stake in shares of Credicorp during the third quarter valued at approximately $46,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Credicorp by 37.1% during the second quarter. Smartleaf Asset Management LLC now owns 244 shares of the bank’s stock valued at $55,000 after purchasing an additional 66 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Price Performance

Shares of Credicorp stock opened at $331.84 on Friday. 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 company has a market cap of $26.39 billion, a PE ratio of 13.65, a P/E/G ratio of 0.76 and a beta of 0.93. The business has a 50 day moving average of $338.90 and a 200 day moving average of $303.01. Credicorp Ltd. has a 52 week low of $183.51 and a 52 week high of $380.20.

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 business had revenue of $1.81 billion during the quarter. Credicorp had a return on equity of 20.43% and a net margin of 24.53%. As a group, equities research analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BAP has been the subject of a number of analyst reports. Zacks Research lowered Credicorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Wall Street Zen lowered Credicorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Credicorp in a research note on Monday, December 29th. Finally, The Goldman Sachs Group increased their price objective on Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from 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.