Credicorp Ltd. (NYSE:BAP) Stake Raised by V Square Quantitative Management LLC

V Square Quantitative Management LLC grew its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 28.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,880 shares of the bank’s stock after buying an additional 630 shares during the period. V Square Quantitative Management LLC’s holdings in Credicorp were worth $534,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in BAP. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Credicorp by 37.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock valued at $41,000 after buying an additional 62 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Credicorp during the third quarter valued at approximately $58,000. R Squared Ltd bought a new stake in shares of Credicorp during the fourth quarter valued at approximately $172,000. Aprio Wealth Management LLC bought a new stake in shares of Credicorp during the fourth quarter valued at approximately $200,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Credicorp during the second quarter valued at approximately $210,000. Institutional investors own 89.81% of the company’s stock.

Credicorp Price Performance

NYSE BAP opened at $185.81 on Friday. Credicorp Ltd. has a 12 month low of $153.27 and a 12 month high of $200.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $14.78 billion, a PE ratio of 10.66, a P/E/G ratio of 0.51 and a beta of 1.12. The company’s 50 day simple moving average is $184.88 and its 200 day simple moving average is $181.72.

Credicorp (NYSE:BAP) last posted its quarterly earnings data on Monday, February 10th. The bank reported $3.76 EPS for the quarter, missing analysts’ consensus estimates of $4.42 by ($0.66). Credicorp had a net margin of 20.11% and a return on equity of 15.59%. As a group, equities research analysts forecast that Credicorp Ltd. will post 18.99 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BAP shares. Bank of America cut Credicorp from a “buy” rating to a “neutral” rating and cut their price target for the company from $209.00 to $208.00 in a report on Monday, December 16th. JPMorgan Chase & Co. raised their price objective on shares of Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th.

Credicorp Company Profile

Credicorp Ltd. 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 Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.