The most recent Form 13F filing that Assenagon Asset Management S.A. has made with the Securities and Exchange Commission indicates that during the third quarter of this year, the company made a new investment in Credicorp Ltd. (NYSE: BAP). The corporation shelled out a total of $326,000 to purchase 2,655 shares of stock in the bank. This was necessary to do so.
A number of the company’s other institutional investors have also adjusted the percentage of the company’s stock that each owns. During the first three months of the year, Raymond James Financial Services Advisors Inc. purchased additional shares of Credicorp, bringing the total investment made by the company to approximately $1,340,000. PNC Financial Services Group Inc. increased the proportion of Credicorp stock owned by 20.0% over the year’s first three months. PNC Financial Services Group Inc. has a total ownership of 1,040 shares of the bank’s stock, valued at $179,000, thanks to acquiring 173 additional shares throughout the period in question. This brings the total amount of ownership in the company to $179,000. Rhumbline Advisers increased its stake in Credicorp by investing approximately 234 thousand dollars in the first three months of 2018. Credicorp was the recipient of an investment of approximately $468,000. This investment was made by the Commonwealth of Pennsylvania Public School Employees Retirement System during the first three months of the year to acquire a new stake in the company. Yousif Capital Management LLC, as the year came to a close, increased the amount of Credicorp stock owned by 40.2% over the first three months of the year. Yousif Capital Management LLC now has 4,084 shares of the bank’s stock, currently valued at $702,000. This is after the company made an additional purchase of 1,170 shares during the period in question. Shares of the company are currently held by 69.13% of institutional investors, including hedge funds and other institutional investors.
Regarding the BAP, a large number of research reports have been produced. Itau BBA Securities changed Credicorp’s rating from “market perform” to “outperform” in a research report released on Tuesday, January 3rd. In addition, the brokerage firm set a price objective of $156.00 for the company’s stock. Both of these developments were announced on the same day. Citigroup upgraded Credicorp from a “neutral” rating to a “buy” rating and increased their target price for the stock from $128.05 to $161.00 in a research note published on Tuesday, October 4th. In a research note on December 13th, the Credit Suisse Group disclosed its plan to initiate coverage of Credicorp shares. They have an “outperform” rating for the company, which has resulted in them setting their price target for the stock at $142. Finally, but certainly not least, on October 12th, StockNews.com released the first research note it had ever written on Credicorp shares. They recommended that shareholders “hold” their shares of the company.
At the start of trading on Wednesday, the NYSE BAP set the opening price at $143.44. However, the debt-to-equity ratio is 1.14, even though the quick ratio, current ratio, and current ratio are all 1.13. The stock has a market value of $1.41 billion, a price-to-earnings ratio of 9.57, a price-to-earnings-growth ratio of 0.44, and a beta value of 0.95. All of these metrics point to the stock being a good investment opportunity. The stock price has averaged $135.76 per share over the previous 50 trading days and $144.94 per share over the previous 200 trading days. During the past year, the share price of Credicorp Ltd. has fluctuated between a low of $113.21 and a high of $182.11 at various points.
Credicorp (NYSE: BAP) made its most recent quarterly earnings report available to the public on November 7th, a Monday. The financial institution reported quarterly profits per share of $4.20, $0.29 higher than the consensus estimate of $3.91 provided by industry professionals. The net margin and return on equity for Credicorp were both calculated to be 17.15%. The first came in at 24.59%, while the second had an impressive figure. Despite predictions made by analysts that the company would bring in $1.13 billion in revenue during the quarter, the actual amount that the company was able to bring in was only $1.11 billion. Credicorp Ltd. will finish the current fiscal year with a profit of 15.39 cents per share, as forecasted by industry analysts, according to the predictions of industry analysts.
Credicorp Ltd. is a holding company for financial services that provides a wide range of services and products related to finance, insurance, and healthcare in Peru and other countries. Credicorp Ltd offers these services and products. The Universal Banking division of the company offers consumers and businesses checking accounts and a selection of credit opportunities and other financial instruments from which to choose.
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