Pzena Investment Management LLC Acquires 53,746 Shares of Credicorp Ltd. (NYSE:BAP)

Pzena Investment Management LLC increased its holdings in Credicorp Ltd. (NYSE:BAP) by 5.2% in the 4th quarter, Holdings Channel reports. The fund owned 1,080,579 shares of the bank’s stock after buying an additional 53,746 shares during the quarter. Pzena Investment Management LLC’s holdings in Credicorp were worth $198,092,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB increased its stake in shares of Credicorp by 37.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock worth $41,000 after acquiring an additional 62 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Credicorp in the 3rd quarter worth about $58,000. R Squared Ltd bought a new position in shares of Credicorp in the 4th quarter worth about $172,000. Aprio Wealth Management LLC bought a new position in shares of Credicorp in the 4th quarter worth about $200,000. Finally, Callan Family Office LLC bought a new position in shares of Credicorp in the 4th quarter worth about $204,000. 89.81% of the stock is currently owned by institutional investors.

Credicorp Stock Down 1.1 %

NYSE:BAP opened at $179.96 on Tuesday. The firm has a market cap of $14.31 billion, a P/E ratio of 9.79, a P/E/G ratio of 0.56 and a beta of 1.10. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02. Credicorp Ltd. has a fifty-two week low of $153.27 and a fifty-two week high of $200.00. The firm has a 50-day simple moving average of $184.04 and a two-hundred day simple moving average of $183.74.

Credicorp (NYSE:BAP) last released its quarterly earnings data on Monday, February 10th. The bank reported $3.76 earnings per share for the quarter, missing analysts’ consensus estimates of $4.42 by ($0.66). Credicorp had a net margin of 20.94% and a return on equity of 16.25%. Analysts predict that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About Credicorp

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.