Driehaus Capital Management LLC Grows Stake in Credicorp Ltd. (NYSE:BAP)
Driehaus Capital Management LLC boosted its stake in Credicorp Ltd. (NYSE:BAP – Free Report) by 47.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 243,271 shares of the bank’s stock after buying an additional 78,214 shares during the quarter. Driehaus Capital Management LLC owned approximately 0.31% of Credicorp worth $35,917,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Dodge & Cox lifted its position in shares of Credicorp by 8.5% in the first quarter. Dodge & Cox now owns 5,540,562 shares of the bank’s stock valued at $733,515,000 after acquiring an additional 435,900 shares in the last quarter. BlackRock Inc. lifted its holdings in Credicorp by 2.9% in the 1st quarter. BlackRock Inc. now owns 4,779,137 shares of the bank’s stock valued at $632,710,000 after purchasing an additional 132,493 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Credicorp by 0.5% during the 1st quarter. JPMorgan Chase & Co. now owns 2,954,170 shares of the bank’s stock worth $391,104,000 after purchasing an additional 14,270 shares during the last quarter. FMR LLC grew its holdings in shares of Credicorp by 2.5% during the first quarter. FMR LLC now owns 2,502,635 shares of the bank’s stock worth $331,324,000 after buying an additional 61,106 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its stake in shares of Credicorp by 1.5% in the second quarter. Baillie Gifford & Co. now owns 1,416,820 shares of the bank’s stock worth $209,179,000 after buying an additional 20,713 shares in the last quarter. 70.05% of the stock is currently owned by institutional investors and hedge funds.
Credicorp Trading Up 2.2 %
Shares of NYSE BAP traded up $2.82 during midday trading on Friday, reaching $128.35. 415,767 shares of the stock were exchanged, compared to its average volume of 334,991. The stock has a market capitalization of $10.21 billion, a P/E ratio of 8.33, a PEG ratio of 0.71 and a beta of 1.01. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.00 and a current ratio of 1.00. The company has a 50 day simple moving average of $125.66 and a 200 day simple moving average of $137.71. Credicorp Ltd. has a twelve month low of $116.42 and a twelve month high of $160.15.
Credicorp (NYSE:BAP – Get Free Report) last issued its quarterly earnings data on Thursday, November 2nd. The bank reported $4.23 earnings per share for the quarter, missing the consensus estimate of $4.36 by ($0.13). Credicorp had a return on equity of 15.02% and a net margin of 22.00%. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. As a group, equities analysts expect that Credicorp Ltd. will post 16.19 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on BAP shares. StockNews.com assumed coverage on shares of Credicorp in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Jefferies Financial Group initiated coverage on Credicorp in a research report on Monday, October 16th. They set a “buy” rating and a $161.20 price objective on the stock. Finally, JPMorgan Chase & Co. dropped their target price on Credicorp from $175.00 to $162.00 and set a “neutral” rating for the company in a report on Monday, November 13th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $155.30.
Read Our Latest Research Report on BAP
Credicorp Company Profile (Free Report)
Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. Its Universal Banking segment includes granting various credits and financial instruments to individuals and legal entities; and various deposits and checking accounts. The Insurance and Pensions segment includes the issuance of insurance policies to cover losses in commercial property, transport, marine vessels, automobiles, life, health, and pensions; management services for private pension funds.
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Original: MarketBeat News Feed: Driehaus Capital Management LLC Grows Stake in Credicorp Ltd. (NYSE:BAP)