KLP Kapitalforvaltning AS Makes New $3.56 Million Investment in Credicorp Ltd. (NYSE:BAP)

KLP Kapitalforvaltning AS purchased a new stake in shares of Credicorp Ltd. (NYSE:BAP) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 19,429 shares of the bank’s stock, valued at approximately $3,562,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of BAP. Sei Investments Co. lifted its stake in shares of Credicorp by 44.9% in the 4th quarter. Sei Investments Co. now owns 333,380 shares of the bank’s stock worth $61,115,000 after purchasing an additional 103,308 shares during the period. American Century Companies Inc. increased its holdings in Credicorp by 1.0% during the fourth quarter. American Century Companies Inc. now owns 318,211 shares of the bank’s stock valued at $58,334,000 after buying an additional 3,104 shares during the last quarter. Quantbot Technologies LP bought a new position in Credicorp in the fourth quarter worth approximately $782,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Credicorp by 16.2% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,190 shares of the bank’s stock worth $951,000 after acquiring an additional 723 shares during the last quarter. Finally, William Blair Investment Management LLC grew its position in shares of Credicorp by 16.4% during the 4th quarter. William Blair Investment Management LLC now owns 478,867 shares of the bank’s stock valued at $87,786,000 after acquiring an additional 67,602 shares during the period. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Credicorp Stock Down 2.9 %

Shares of BAP stock opened at $191.76 on Thursday. The company has a market capitalization of $15.25 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 0.56 and a beta of 1.10. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.07. The company’s fifty day moving average price is $185.41 and its 200-day moving average price is $185.14. Credicorp Ltd. has a one year low of $153.27 and a one year high of $200.00.

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

Analysts Set New Price Targets

Separately, Bank of America cut Credicorp from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $209.00 to $208.00 in a report 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.