CIBC World Markets Inc. bought a new stake in Credicorp Ltd. (NYSE:BAP) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,044 shares of the bank’s stock, valued at approximately $251,000.

A number of other hedge funds also recently made changes to their positions in BAP. Parallel Advisors LLC lifted its position in Credicorp by 24.2% during the 1st quarter. Parallel Advisors LLC now owns 328 shares of the bank’s stock valued at $79,000 after purchasing an additional 64 shares during the period. PNC Financial Services Group Inc. lifted its position in Credicorp by 31.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 358 shares of the bank’s stock valued at $80,000 after purchasing an additional 85 shares during the period. Thornburg Investment Management Inc. acquired a new position in Credicorp during the 4th quarter valued at about $116,000. We Are One Seven LLC grew its stake in shares of Credicorp by 78.8% in the first quarter. We Are One Seven LLC now owns 1,150 shares of the bank’s stock valued at $275,000 after buying an additional 507 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in Credicorp by 44.9% during the first quarter. Quadrant Capital Group LLC now owns 1,219 shares of the bank’s stock worth $290,000 after purchasing an additional 378 shares during the period. Institutional investors and hedge funds own 67.57% of the company’s stock.

Shares of BAP stock opened at $227.93 on Wednesday. Credicorp Ltd. has a 1 year low of $207.41 and a 1 year high of $252.49. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.85. The company has a market cap of $18.26 billion, a price-to-earnings ratio of 15.32, a P/E/G ratio of 1.07 and a beta of 0.74.

Credicorp (NYSE:BAP) last posted its quarterly earnings data on Thursday, May 2nd. The bank reported $4.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.14 by $0.01. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Credicorp had a return on equity of 17.08% and a net margin of 24.83%. On average, equities research analysts anticipate that Credicorp Ltd. will post 16.82 earnings per share for the current fiscal year.

A number of research firms recently commented on BAP. Zacks Investment Research raised Credicorp from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th. Citigroup lowered Credicorp from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Credicorp presently has an average rating of “Hold” and an average target price of $257.00.

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Credicorp Company Profile

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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