American Century Companies Inc. Grows Position in Credicorp Ltd. (NYSE:BAP)

American Century Companies Inc. grew its stake in Credicorp Ltd. (NYSE:BAP) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 318,211 shares of the bank’s stock after buying an additional 3,104 shares during the period. American Century Companies Inc.’s holdings in Credicorp were worth $58,334,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in BAP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Credicorp by 782.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,326,947 shares of the bank’s stock worth $240,138,000 after acquiring an additional 1,176,612 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Credicorp during the 3rd quarter valued at about $42,794,000. FMR LLC increased its holdings in shares of Credicorp by 6.1% in the third quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock valued at $623,735,000 after purchasing an additional 199,137 shares during the period. TT International Asset Management LTD purchased a new position in shares of Credicorp in the third quarter worth about $25,081,000. Finally, SPX Gestao de Recursos Ltda acquired a new stake in shares of Credicorp during the third quarter worth about $22,285,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Credicorp Trading Up 2.6 %

Shares of NYSE:BAP opened at $197.24 on Wednesday. Credicorp Ltd. has a 12-month low of $153.27 and a 12-month high of $200.00. 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 business has a 50 day moving average of $185.38 and a two-hundred day moving average of $185.10. The company has a market capitalization of $15.69 billion, a PE ratio of 10.73, a PEG ratio of 0.56 and a beta of 1.10.

Credicorp (NYSE:BAP) last issued 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%. As a group, analysts forecast that Credicorp Ltd. will post 21.9 EPS for the current year.

Analysts Set New Price Targets

Separately, Bank of America downgraded shares of Credicorp from a “buy” rating to a “neutral” rating and cut their price target 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.