First Trust Direct Indexing L.P. Takes Position in Credicorp Ltd. (NYSE:BAP)

First Trust Direct Indexing L.P. bought a new stake in shares of Credicorp Ltd. (NYSE:BAP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,437 shares of the bank’s stock, valued at approximately $215,000.

Other institutional investors have also recently modified their holdings of the company. CWM LLC grew its position in shares of Credicorp by 69.2% during the 4th quarter. CWM LLC now owns 225 shares of the bank’s stock valued at $34,000 after acquiring an additional 92 shares during the period. Signaturefd LLC boosted its holdings in Credicorp by 24.3% in the 4th quarter. Signaturefd LLC now owns 746 shares of the bank’s stock worth $112,000 after buying an additional 146 shares during the last quarter. Janiczek Wealth Management LLC boosted its holdings in Credicorp by 25.2% in the 4th quarter. Janiczek Wealth Management LLC now owns 974 shares of the bank’s stock worth $146,000 after buying an additional 196 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Credicorp in the 3rd quarter worth about $136,000. Finally, Blue Trust Inc. boosted its holdings in Credicorp by 7.7% in the 4th quarter. Blue Trust Inc. now owns 1,396 shares of the bank’s stock worth $209,000 after buying an additional 100 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Credicorp Trading Up 3.8 %

BAP opened at $176.17 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.01 and a quick ratio of 1.01. The company’s 50 day simple moving average is $169.64 and its two-hundred day simple moving average is $151.69. Credicorp Ltd. has a 1-year low of $116.42 and a 1-year high of $179.53. The firm has a market capitalization of $14.01 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 0.57 and a beta of 1.12.

Credicorp (NYSE:BAP) last released its earnings results on Thursday, February 8th. The bank reported $2.80 earnings per share for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.02). Credicorp had a return on equity of 14.68% and a net margin of 20.17%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Analysts expect that Credicorp Ltd. will post 18.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on BAP. JPMorgan Chase & Co. lifted their price objective on Credicorp from $190.00 to $194.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. UBS Group lowered their price objective on Credicorp from $192.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, February 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $181.73.

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.