Standard Life Aberdeen plc Boosts Position in Credicorp Ltd. (BAP)

Standard Life Aberdeen plc increased its position in shares of Credicorp Ltd. (NYSE:BAP) by 8.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 298,776 shares of the bank’s stock after buying an additional 22,008 shares during the period. Standard Life Aberdeen plc’s holdings in Credicorp were worth $65,635,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in Credicorp by 31.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 358 shares of the bank’s stock valued at $80,000 after purchasing an additional 85 shares during the last quarter. Thornburg Investment Management Inc. acquired a new position in Credicorp during the fourth quarter valued at approximately $116,000. We Are One Seven LLC acquired a new position in Credicorp during the fourth quarter valued at approximately $142,000. Quadrant Capital Group LLC boosted its position in Credicorp by 716.5% during the fourth quarter. Quadrant Capital Group LLC now owns 841 shares of the bank’s stock valued at $184,000 after purchasing an additional 738 shares during the last quarter. Finally, Henry James International Management Inc. acquired a new position in Credicorp during the third quarter valued at approximately $205,000. Institutional investors and hedge funds own 66.00% of the company’s stock.

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BAP has been the subject of several recent research reports. Bank of America cut Credicorp from a “neutral” rating to an “underperform” rating in a research report on Monday, February 11th. Zacks Investment Research cut Credicorp from a “hold” rating to a “sell” rating in a research report on Monday, December 24th. Itau BBA Securities raised Credicorp from a “market perform” rating to an “outperform” rating and set a $274.00 price objective for the company in a research report on Friday, December 7th. TheStreet raised Credicorp from a “c+” rating to a “b-” rating in a research report on Wednesday, January 23rd. Finally, ValuEngine cut Credicorp from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $254.50.

Shares of BAP traded down $2.70 during mid-day trading on Tuesday, reaching $238.89. The company’s stock had a trading volume of 1,556 shares, compared to its average volume of 222,824. Credicorp Ltd. has a 1-year low of $207.41 and a 1-year high of $250.40. The stock has a market cap of $19.35 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 1.14 and a beta of 0.72. The company has a quick ratio of 1.16, a current ratio of 1.18 and a debt-to-equity ratio of 0.85.

Credicorp (NYSE:BAP) last released its quarterly earnings data on Wednesday, February 6th. The bank reported $3.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.95 by ($0.37). Credicorp had a net margin of 25.05% and a return on equity of 17.24%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.07 billion. As a group, analysts expect that Credicorp Ltd. will post 16.92 earnings per share for the current year.

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Credicorp Company Profile

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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