Principal Financial Group Inc. Boosts Holdings in Credicorp Ltd. (NYSE:BAP)

Principal Financial Group Inc. boosted its position in shares of Credicorp Ltd. (NYSE:BAP) by 12.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 389,338 shares of the bank’s stock after purchasing an additional 42,255 shares during the period. Principal Financial Group Inc.’s holdings in Credicorp were worth $71,373,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BAP. FMR LLC grew its holdings in shares of Credicorp by 6.1% during the third quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock valued at $623,735,000 after buying an additional 199,137 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Credicorp by 0.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,042,882 shares of the bank’s stock valued at $550,670,000 after acquiring an additional 13,868 shares in the last quarter. Baillie Gifford & Co. lifted its position in Credicorp by 2.5% in the 3rd quarter. Baillie Gifford & Co. now owns 1,674,261 shares of the bank’s stock valued at $302,991,000 after acquiring an additional 41,409 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Credicorp by 782.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,326,947 shares of the bank’s stock valued at $240,138,000 after purchasing an additional 1,176,612 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Credicorp by 2.0% in the 3rd quarter. State Street Corp now owns 1,123,023 shares of the bank’s stock worth $207,235,000 after purchasing an additional 21,943 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BAP shares. JPMorgan Chase & Co. lifted their price objective on Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Bank of America lowered shares of Credicorp from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $209.00 to $208.00 in a research note on Monday, December 16th.

Credicorp Stock Down 0.7 %

BAP stock opened at $184.13 on Thursday. The company has a market cap of $14.65 billion, a price-to-earnings ratio of 10.01, a P/E/G ratio of 0.58 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.07. The business’s 50-day moving average is $184.66 and its two-hundred day moving average is $182.16. Credicorp Ltd. has a fifty-two week low of $153.27 and a fifty-two week high of $200.00.

Credicorp (NYSE:BAP) last issued its quarterly earnings data on Monday, February 10th. The bank reported $3.76 earnings per share for the quarter, missing the consensus estimate of $4.42 by ($0.66). Credicorp had a return on equity of 16.43% and a net margin of 20.94%. As a group, analysts forecast that Credicorp Ltd. will post 21.9 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. 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.