Robeco Institutional Asset Management B.V. Purchases 29,925 Shares of Credicorp Ltd. (NYSE:BAP)

Robeco Institutional Asset Management B.V. grew its position in Credicorp Ltd. (NYSE:BAP) by 22.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 164,632 shares of the bank’s stock after acquiring an additional 29,925 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Credicorp were worth $30,180,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its holdings in 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 buying an additional 62 shares during the period. Wasatch Advisors LP lifted its position in shares of Credicorp by 0.7% in the third quarter. Wasatch Advisors LP now owns 8,886 shares of the bank’s stock valued at $1,608,000 after acquiring an additional 65 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Credicorp by 3.8% in the third quarter. Cerity Partners LLC now owns 3,068 shares of the bank’s stock worth $555,000 after acquiring an additional 111 shares during the period. Crossmark Global Holdings Inc. grew its position in shares of Credicorp by 4.6% during the third quarter. Crossmark Global Holdings Inc. now owns 3,189 shares of the bank’s stock worth $577,000 after purchasing an additional 140 shares in the last quarter. Finally, Quantinno Capital Management LP raised its stake in Credicorp by 7.0% during the 3rd quarter. Quantinno Capital Management LP now owns 2,314 shares of the bank’s stock valued at $419,000 after purchasing an additional 152 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Stock Performance

NYSE:BAP opened at $184.85 on Friday. The company has a market cap of $14.70 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 0.49 and a beta of 1.12. Credicorp Ltd. has a 1 year low of $147.00 and a 1 year high of $200.00. The stock’s 50 day simple moving average is $186.18 and its two-hundred day simple moving average is $180.49. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 1.07.

Credicorp (NYSE:BAP) last announced its quarterly earnings results on Thursday, November 7th. The bank reported $5.08 earnings per share for the quarter, topping the consensus estimate of $4.67 by $0.41. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Credicorp had a net margin of 20.11% and a return on equity of 15.59%. During the same quarter in the previous year, the business posted $4.23 earnings per share. As a group, equities analysts anticipate that Credicorp Ltd. will post 18.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on BAP. Bank of America downgraded Credicorp from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $209.00 to $208.00 in a research note on Monday, December 16th. The Goldman Sachs Group upped their target price on shares of Credicorp from $143.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th.

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.