Fox Run Management L.L.C. Makes New Investment in Credicorp Ltd. $BAP

Fox Run Management L.L.C. bought a new stake in Credicorp Ltd. (NYSE:BAP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,590 shares of the bank’s stock, valued at approximately $1,920,000.

Several other institutional investors also recently modified their holdings of BAP. Massachusetts Financial Services Co. MA lifted its holdings in Credicorp by 0.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,032,656 shares of the bank’s stock valued at $564,559,000 after buying an additional 7,692 shares during the period. Royal Bank of Canada raised its position in shares of Credicorp by 0.9% during the 1st quarter. Royal Bank of Canada now owns 1,695,980 shares of the bank’s stock valued at $315,724,000 after acquiring an additional 14,852 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Credicorp by 1.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,343,531 shares of the bank’s stock valued at $250,112,000 after purchasing an additional 13,592 shares during the period. Bank of Nova Scotia boosted its position in shares of Credicorp by 21.8% in the 1st quarter. Bank of Nova Scotia now owns 867,347 shares of the bank’s stock worth $161,465,000 after purchasing an additional 155,162 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Credicorp by 0.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 781,374 shares of the bank’s stock worth $145,461,000 after purchasing an additional 4,527 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Trading Up 0.1%

NYSE BAP opened at $259.14 on Friday. Credicorp Ltd. has a 52 week low of $165.51 and a 52 week high of $280.88. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.08 and a current ratio of 1.08. The stock’s 50 day moving average price is $261.19 and its two-hundred day moving average price is $235.98. The stock has a market capitalization of $20.61 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 0.71 and a beta of 1.09.

Credicorp (NYSE:BAP) last posted its quarterly earnings data on Thursday, August 14th. The bank reported $6.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.73 by $0.51. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.52 billion. Credicorp had a net margin of 23.22% and a return on equity of 17.94%. As a group, analysts anticipate that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BAP shares. Citigroup upped their price objective on Credicorp from $255.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. The Goldman Sachs Group raised Credicorp from a “sell” rating to a “neutral” rating and upped their price target for the company from $174.00 to $225.00 in a research note on Thursday, July 24th. UBS Group increased their price target on shares of Credicorp from $257.00 to $318.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. HSBC cut shares of Credicorp from a “buy” rating to a “hold” rating and boosted their price objective for the company from $225.00 to $255.00 in a report on Friday, September 5th. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Credicorp in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Credicorp has an average rating of “Moderate Buy” and a consensus target price of $250.00.

Credicorp Company 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.