NewEdge Wealth LLC Boosts Holdings in Credicorp Ltd. (NYSE:BAP)

NewEdge Wealth LLC boosted its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 19.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,330 shares of the bank’s stock after purchasing an additional 545 shares during the quarter. NewEdge Wealth LLC’s holdings in Credicorp were worth $499,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BAP. Quarry LP increased its holdings in shares of Credicorp by 171.1% in the 2nd quarter. Quarry LP now owns 328 shares of the bank’s stock worth $48,000 after acquiring an additional 207 shares during the period. 1832 Asset Management L.P. purchased a new position in shares of Credicorp during the fourth quarter valued at $81,000. State of Wyoming purchased a new stake in shares of Credicorp in the fourth quarter worth approximately $97,000. Quantbot Technologies LP acquired a new stake in shares of Credicorp during the 3rd quarter valued at $136,000. Finally, Janiczek Wealth Management LLC boosted its position in Credicorp by 25.2% during the fourth quarter. Janiczek Wealth Management LLC now owns 974 shares of the bank’s stock valued at $146,000 after purchasing an additional 196 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BAP has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised their price target on Credicorp from $190.00 to $194.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. UBS Group reduced their price objective on shares of Credicorp from $192.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, February 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $181.73.

Credicorp Stock Down 0.3 %

Credicorp stock opened at $159.78 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.08 and a quick ratio of 1.00. Credicorp Ltd. has a fifty-two week low of $116.42 and a fifty-two week high of $179.53. The firm has a fifty day moving average price of $168.98 and a two-hundred day moving average price of $147.36. The firm has a market cap of $12.71 billion, a price-to-earnings ratio of 10.22, a P/E/G ratio of 0.56 and a beta of 1.13.

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

Credicorp Profile

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. Its Universal Banking segment includes granting various credits and financial instruments to individuals and legal entities; and various deposits and checking accounts. The Insurance and Pensions segment includes the issuance of insurance policies to cover losses in commercial property, transport, marine vessels, automobiles, life, health, and pensions; management services for private pension funds.