Robeco Institutional Asset Management B.V. Grows Stock Holdings in Credicorp Ltd. (NYSE:BAP)

Robeco Institutional Asset Management B.V. increased its stake in Credicorp Ltd. (NYSE:BAP) by 22.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 164,632 shares of the bank’s stock after buying an additional 29,925 shares during the period. Robeco Institutional Asset Management B.V. owned 0.21% of Credicorp worth $30,180,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB grew its stake in shares of Credicorp by 37.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock worth $41,000 after acquiring an additional 62 shares during the last quarter. Wasatch Advisors LP grew its position in Credicorp by 0.7% during the 3rd quarter. Wasatch Advisors LP now owns 8,886 shares of the bank’s stock valued at $1,608,000 after purchasing an additional 65 shares during the last quarter. Cerity Partners LLC increased its stake in Credicorp by 3.8% during the 3rd quarter. Cerity Partners LLC now owns 3,068 shares of the bank’s stock valued at $555,000 after purchasing an additional 111 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in Credicorp by 4.6% in the third quarter. Crossmark Global Holdings Inc. now owns 3,189 shares of the bank’s stock worth $577,000 after buying an additional 140 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in shares of Credicorp by 7.0% in the third quarter. Quantinno Capital Management LP now owns 2,314 shares of the bank’s stock worth $419,000 after buying an additional 152 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BAP. JPMorgan Chase & Co. raised their price target on shares of Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Bank of America lowered Credicorp from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $209.00 to $208.00 in a report on Monday, December 16th. Finally, The Goldman Sachs Group boosted their price target on Credicorp from $143.00 to $160.00 and gave the stock a “sell” rating in a research note on Tuesday, October 8th.

Credicorp Stock Up 0.4 %

Shares of Credicorp stock opened at $184.85 on Friday. Credicorp Ltd. has a twelve month low of $147.00 and a twelve month high of $200.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.66. The company’s 50 day moving average is $186.18 and its 200 day moving average is $180.49. The company has a market cap of $14.70 billion, a price-to-earnings ratio of 10.60, a price-to-earnings-growth ratio of 0.49 and a beta of 1.12.

Credicorp (NYSE:BAP) last released its quarterly earnings results on Thursday, November 7th. The bank reported $5.08 earnings per share for the quarter, beating the consensus estimate of $4.67 by $0.41. Credicorp had a return on equity of 15.59% and a net margin of 20.11%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the firm earned $4.23 EPS. Research analysts anticipate that Credicorp Ltd. will post 18.91 EPS for the current 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.