Credicorp Ltd. (BAP) Shares Bought by Cidel Asset Management Inc.

Cidel Asset Management Inc. grew its position in Credicorp Ltd. (NYSE:BAP) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 120,392 shares of the bank’s stock after acquiring an additional 1,323 shares during the quarter. Credicorp comprises approximately 1.1% of Cidel Asset Management Inc.’s portfolio, making the stock its 29th biggest position. Cidel Asset Management Inc. owned approximately 0.15% of Credicorp worth $24,973,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Eqis Capital Management Inc. boosted its holdings in shares of Credicorp by 10.0% in the fourth quarter. Eqis Capital Management Inc. now owns 2,442 shares of the bank’s stock valued at $506,000 after acquiring an additional 222 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of Credicorp by 3.7% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,196 shares of the bank’s stock valued at $1,565,000 after acquiring an additional 258 shares during the period. Guardian Capital LP boosted its holdings in shares of Credicorp by 2.7% in the third quarter. Guardian Capital LP now owns 13,325 shares of the bank’s stock valued at $2,732,000 after acquiring an additional 350 shares during the period. Advisor Group Inc. boosted its holdings in shares of Credicorp by 143.0% in the second quarter. Advisor Group Inc. now owns 724 shares of the bank’s stock valued at $130,000 after acquiring an additional 426 shares during the period. Finally, Boston Partners boosted its holdings in shares of Credicorp by 2.9% in the fourth quarter. Boston Partners now owns 18,202 shares of the bank’s stock valued at $3,775,000 after acquiring an additional 516 shares during the period. 65.66% of the stock is owned by institutional investors and hedge funds.

BAP has been the subject of several recent research reports. Zacks Investment Research raised Credicorp from a “hold” rating to a “buy” rating and set a $239.00 price target for the company in a report on Wednesday, January 3rd. ValuEngine raised Credicorp from a “hold” rating to a “buy” rating in a report on Tuesday. HSBC downgraded Credicorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. downgraded Credicorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, downgraded Credicorp from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $225.50.

Shares of Credicorp Ltd. (BAP) opened at $220.23 on Thursday. Credicorp Ltd. has a fifty-two week low of $150.71 and a fifty-two week high of $237.99. The company has a market capitalization of $17,309.73, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 1.16 and a beta of 0.91. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.22 and a quick ratio of 1.22.

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Credicorp Profile

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.

Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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