Barings LLC Purchases Shares of 15,555 Credicorp Ltd. (BAP)

Barings LLC purchased a new position in shares of Credicorp Ltd. (NYSE:BAP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,555 shares of the bank’s stock, valued at approximately $3,227,000.

A number of other institutional investors also recently added to or reduced their stakes in BAP. LMR Partners LLP acquired a new position in shares of Credicorp in the 3rd quarter valued at approximately $632,000. Allianz Asset Management GmbH raised its position in shares of Credicorp by 279.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 165,260 shares of the bank’s stock valued at $33,882,000 after purchasing an additional 121,695 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Credicorp in the 3rd quarter valued at approximately $1,429,000. Neuberger Berman Group LLC raised its position in shares of Credicorp by 2.6% in the 3rd quarter. Neuberger Berman Group LLC now owns 302,147 shares of the bank’s stock valued at $61,946,000 after purchasing an additional 7,792 shares in the last quarter. Finally, Grandeur Peak Global Advisors LLC raised its position in shares of Credicorp by 2.0% in the 3rd quarter. Grandeur Peak Global Advisors LLC now owns 91,100 shares of the bank’s stock valued at $18,677,000 after purchasing an additional 1,750 shares in the last quarter. 65.66% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Credicorp Ltd. (NYSE:BAP) opened at $218.22 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $17,565.77, a P/E ratio of 16.01, a P/E/G ratio of 1.18 and a beta of 0.91. Credicorp Ltd. has a 52-week low of $150.71 and a 52-week high of $237.99.

A number of equities analysts have issued reports on the company. ValuEngine raised Credicorp from a “hold” rating to a “buy” rating in a research report on Tuesday. lowered Credicorp from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Zacks Investment Research lowered Credicorp from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. HSBC lowered Credicorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, lowered Credicorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Credicorp has an average rating of “Buy” and a consensus price target of $225.50.

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About Credicorp

Credicorp Ltd. is a financial services holding company in Peru. The Company has four operating segments based on its products and services, which include banking, insurance, pension funds and investment banking. Its operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP SA, and Credicorp Capital Ltd.

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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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