Allspring Global Investments Holdings LLC Has $874,000 Position in Credicorp Ltd. (NYSE:BAP)

Allspring Global Investments Holdings LLC boosted its holdings in shares of Credicorp Ltd. (NYSE:BAPGet Rating) by 4.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 7,120 shares of the bank’s stock after acquiring an additional 304 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Credicorp were worth $874,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Mondrian Investment Partners LTD grew its holdings in Credicorp by 8.8% during the 3rd quarter. Mondrian Investment Partners LTD now owns 1,693,096 shares of the bank’s stock worth $207,912,000 after acquiring an additional 137,289 shares during the period. Bank of Nova Scotia grew its holdings in Credicorp by 29.8% during the 2nd quarter. Bank of Nova Scotia now owns 1,344,796 shares of the bank’s stock worth $161,254,000 after acquiring an additional 308,617 shares during the period. Baillie Gifford & Co. grew its holdings in Credicorp by 1.0% during the 2nd quarter. Baillie Gifford & Co. now owns 1,296,389 shares of the bank’s stock worth $155,450,000 after acquiring an additional 12,265 shares during the period. William Blair Investment Management LLC grew its holdings in Credicorp by 1.6% during the 2nd quarter. William Blair Investment Management LLC now owns 1,094,592 shares of the bank’s stock worth $131,253,000 after acquiring an additional 17,683 shares during the period. Finally, abrdn plc grew its holdings in Credicorp by 8.3% during the 2nd quarter. abrdn plc now owns 912,050 shares of the bank’s stock worth $109,702,000 after acquiring an additional 69,727 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

Credicorp Trading Down 1.8 %

NYSE BAP opened at $140.27 on Monday. The firm has a market cap of $11.16 billion, a P/E ratio of 9.36, a P/E/G ratio of 0.42 and a beta of 0.95. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s 50-day moving average is $144.19 and its 200-day moving average is $136.22. Credicorp Ltd. has a one year low of $113.21 and a one year high of $182.11.

Credicorp (NYSE:BAPGet Rating) last released its quarterly earnings results on Monday, November 7th. The bank reported $4.20 EPS for the quarter, topping analysts’ consensus estimates of $3.91 by $0.29. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.13 billion. Credicorp had a return on equity of 17.15% and a net margin of 24.59%. Sell-side analysts anticipate that Credicorp Ltd. will post 15.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on BAP. Itau BBA Securities raised shares of Credicorp from a “market perform” rating to an “outperform” rating and set a $156.00 target price for the company in a report on Tuesday, January 3rd. Citigroup upgraded shares of Credicorp from a “neutral” rating to a “buy” rating and upped their price objective for the company from $128.05 to $161.00 in a research report on Tuesday, October 4th. StockNews.com assumed coverage on Credicorp in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Credit Suisse Group assumed coverage on Credicorp in a research report on Tuesday, December 13th. They set an “outperform” rating and a $142.00 price target on the stock.

Credicorp Profile

(Get Rating)

Credicorp Ltd., a financial service holding company, provides various financial, insurance, and health services and products primarily in Peru and internationally. The company's Universal Banking segment 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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