ClariVest Asset Management LLC Has $13.92 Million Holdings in Credicorp Ltd. (BAP)

ClariVest Asset Management LLC boosted its stake in shares of Credicorp Ltd. (NYSE:BAP) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,798 shares of the bank’s stock after acquiring an additional 1,300 shares during the quarter. ClariVest Asset Management LLC’s holdings in Credicorp were worth $13,922,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. We Are One Seven LLC bought a new stake in Credicorp during the fourth quarter worth approximately $142,000. Quadrant Capital Group LLC increased its stake in Credicorp by 716.5% during the fourth quarter. Quadrant Capital Group LLC now owns 841 shares of the bank’s stock worth $184,000 after acquiring an additional 738 shares during the last quarter. Henry James International Management Inc. bought a new stake in Credicorp during the third quarter worth approximately $205,000. Tower Research Capital LLC TRC bought a new stake in Credicorp during the third quarter worth approximately $241,000. Finally, American International Group Inc. bought a new stake in Credicorp during the third quarter worth approximately $260,000. 65.86% of the stock is currently owned by institutional investors.

Several brokerages have weighed in on BAP. ValuEngine cut Credicorp from a “buy” rating to a “hold” rating in a research note on Friday. TheStreet upgraded Credicorp from a “c+” rating to a “b-” rating in a research report on Wednesday, January 23rd. Zacks Investment Research lowered Credicorp from a “hold” rating to a “sell” rating in a research report on Monday, December 24th. UBS Group upgraded Credicorp from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 6th. Finally, Itau BBA Securities upgraded Credicorp from a “market perform” rating to an “outperform” rating and set a $274.00 target price for the company in a research report on Friday, December 7th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $259.33.

Shares of NYSE:BAP opened at $239.61 on Monday. Credicorp Ltd. has a 1 year low of $207.03 and a 1 year high of $250.40. The company has a market cap of $19.11 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 1.53 and a beta of 0.72. The company has a quick ratio of 1.16, a current ratio of 1.18 and a debt-to-equity ratio of 0.85.

Credicorp (NYSE:BAP) last announced its earnings results on Thursday, November 8th. The bank reported $3.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.00 by ($0.15). Credicorp had a net margin of 25.05% and a return on equity of 17.24%. The business had revenue of $982.21 million for the quarter. Analysts anticipate that Credicorp Ltd. will post 16.99 EPS for the current fiscal year.

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Credicorp Company Profile

Credicorp Ltd., through its banking and non-banking subsidiaries, provides a range of financial, insurance, and health services and products primarily in Peru and internationally. It operates through four segments: Banking, Insurance, Pension Funds, and Investment Banking. The company offers deposits, current accounts, loans, and credit facilities; and provides private pension fund management services to affiliated pensioners.

Further Reading: Mutual Funds

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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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