Jane Street Group LLC increased its position in Credicorp Ltd. (NYSE:BAP) by 81.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,434 shares of the bank’s stock after purchasing an additional 1,540 shares during the period. Jane Street Group LLC’s holdings in Credicorp were worth $780,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. OppenheimerFunds Inc. boosted its stake in Credicorp by 28.0% in the 1st quarter. OppenheimerFunds Inc. now owns 2,548,203 shares of the bank’s stock worth $578,543,000 after purchasing an additional 556,983 shares in the last quarter. Baillie Gifford & Co. boosted its stake in Credicorp by 4.2% in the 1st quarter. Baillie Gifford & Co. now owns 1,208,962 shares of the bank’s stock worth $274,483,000 after purchasing an additional 48,687 shares in the last quarter. Generation Investment Management LLP boosted its stake in Credicorp by 9.6% in the 4th quarter. Generation Investment Management LLP now owns 1,188,794 shares of the bank’s stock worth $246,592,000 after purchasing an additional 103,801 shares in the last quarter. American Century Companies Inc. boosted its stake in Credicorp by 0.6% in the 1st quarter. American Century Companies Inc. now owns 695,807 shares of the bank’s stock worth $157,976,000 after purchasing an additional 4,475 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in Credicorp by 1.4% in the 4th quarter. Alliancebernstein L.P. now owns 621,127 shares of the bank’s stock worth $128,840,000 after buying an additional 8,844 shares during the last quarter. Institutional investors own 66.72% of the company’s stock.
A number of equities analysts have weighed in on the company. Zacks Investment Research lowered Credicorp from a “buy” rating to a “hold” rating in a research report on Thursday, May 24th. ValuEngine lowered Credicorp from a “buy” rating to a “hold” rating in a research report on Thursday, May 17th. Finally, Credit Suisse Group boosted their target price on Credicorp from $240.00 to $258.00 and gave the stock an “outperform” rating in a research report on Friday, May 25th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Credicorp has an average rating of “Buy” and an average target price of $242.75.
Shares of Credicorp opened at $225.12 on Friday, MarketBeat reports. Credicorp Ltd. has a fifty-two week low of $178.73 and a fifty-two week high of $239.54. The company has a quick ratio of 1.24, a current ratio of 1.25 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $17.96 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 1.21 and a beta of 0.87.
Credicorp (NYSE:BAP) last released its quarterly earnings results on Thursday, May 3rd. The bank reported $4.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.92 by $0.10. Credicorp had a net margin of 26.60% and a return on equity of 19.41%. The firm had revenue of $971.30 million during the quarter. sell-side analysts forecast that Credicorp Ltd. will post 16.05 earnings per share for the current year.
Credicorp Ltd., through its banking and non-banking subsidiaries, provides a range of financial, insurance, and health services and products primarily in Peru and internationally. It operates through four segments: Banking, Insurance, Pension Funds, and Investment Banking. The company offers deposits, current accounts, loans, and credit facilities; and provides private pension fund management services to affiliated pensioners.
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