Credicorp Ltd. (NYSE:BAP) Stock Holdings Boosted by Cerebellum GP LLC

Cerebellum GP LLC lifted its position in shares of Credicorp Ltd. (NYSE:BAP) by 658.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,988 shares of the bank’s stock after acquiring an additional 1,726 shares during the period. Cerebellum GP LLC’s holdings in Credicorp were worth $414,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Henry James International Management Inc. lifted its holdings in Credicorp by 93.7% in the third quarter. Henry James International Management Inc. now owns 4,975 shares of the bank’s stock worth $1,037,000 after purchasing an additional 2,406 shares during the period. Provida Pension Fund Administrator acquired a new stake in Credicorp in the second quarter worth about $597,000. Mackenzie Financial Corp lifted its holdings in Credicorp by 168.7% in the second quarter. Mackenzie Financial Corp now owns 20,630 shares of the bank’s stock worth $4,722,000 after purchasing an additional 12,953 shares during the period. Barings LLC lifted its holdings in Credicorp by 9.5% in the second quarter. Barings LLC now owns 16,112 shares of the bank’s stock worth $3,688,000 after purchasing an additional 1,400 shares during the period. Finally, Newfoundland Capital Management acquired a new stake in Credicorp in the second quarter worth about $801,000. Institutional investors and hedge funds own 65.64% of the company’s stock.

Shares of NYSE BAP opened at $209.97 on Wednesday. Credicorp Ltd. has a twelve month low of $199.83 and a twelve month high of $252.49. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $16.65 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 1.05 and a beta of 0.70. The firm has a 50-day moving average of $208.86 and a two-hundred day moving average of $222.16.

Credicorp (NYSE:BAP) last issued its quarterly earnings results on Thursday, August 8th. The bank reported $3.69 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.14 by ($0.45). Credicorp had a net margin of 24.65% and a return on equity of 16.48%. The business had revenue of $971.06 million during the quarter, compared to analyst estimates of $1.06 billion. As a group, research analysts predict that Credicorp Ltd. will post 16.52 earnings per share for the current year.

The firm also recently declared a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Wednesday, October 23rd will be issued a $8.00 dividend. The ex-dividend date of this dividend is Monday, October 21st. Credicorp’s payout ratio is 40.79%.

Several research firms recently weighed in on BAP. Bank of America raised shares of Credicorp from an “underperform” rating to a “buy” rating in a report on Thursday, September 5th. Zacks Investment Research downgraded shares of Credicorp from a “hold” rating to a “sell” rating in a report on Monday, October 7th. HSBC raised shares of Credicorp from a “hold” rating to a “buy” rating and upped their price objective for the stock from $245.00 to $250.00 in a report on Tuesday, August 13th. ValuEngine downgraded shares of Credicorp from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. raised shares of Credicorp from a “neutral” rating to an “overweight” rating and upped their price target for the company from $232.00 to $250.00 in a report on Tuesday, August 13th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $258.00.

About Credicorp

Credicorp Ltd., a financial services holding company, 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 Wealth Management segments. The company offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.

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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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