Y Intercept Hong Kong Ltd Grows Position in Credicorp Ltd. (NYSE:BAP)

Y Intercept Hong Kong Ltd grew its stake in shares of Credicorp Ltd. (NYSE:BAP) by 46.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,138 shares of the bank’s stock after purchasing an additional 997 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Credicorp were worth $575,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BAP. MassMutual Private Wealth & Trust FSB lifted its stake in Credicorp by 37.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock worth $41,000 after acquiring an additional 62 shares during the period. Brown Brothers Harriman & Co. purchased a new stake in Credicorp in the third quarter worth $58,000. R Squared Ltd purchased a new stake in Credicorp in the fourth quarter worth $172,000. Aprio Wealth Management LLC purchased a new stake in Credicorp in the fourth quarter worth $200,000. Finally, Cigna Investments Inc. New purchased a new stake in Credicorp in the third quarter worth $237,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Price Performance

BAP opened at $182.72 on Friday. The stock has a fifty day simple moving average of $184.01 and a two-hundred day simple moving average of $183.02. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. The company has a market cap of $14.53 billion, a price-to-earnings ratio of 9.94, a price-to-earnings-growth ratio of 0.56 and a beta of 1.12. Credicorp Ltd. has a 12-month low of $153.27 and a 12-month high of $200.00.

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

Analyst Ratings Changes

A number of brokerages recently commented on BAP. Bank of America lowered 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. JPMorgan Chase & Co. increased their price objective on Credicorp from $200.00 to $219.00 and gave the stock 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.