Simplicity Solutions LLC Purchases New Holdings in Credicorp Ltd. (NYSE:BAP)

Simplicity Solutions LLC acquired a new position in shares of Credicorp Ltd. (NYSE:BAP) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,797 shares of the bank’s stock, valued at approximately $419,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Credicorp in the 1st quarter valued at about $1,340,000. PNC Financial Services Group Inc. raised its stake in Credicorp by 20.0% during the first quarter. PNC Financial Services Group Inc. now owns 1,040 shares of the bank’s stock valued at $179,000 after buying an additional 173 shares in the last quarter. Rhumbline Advisers acquired a new position in shares of Credicorp in the 1st quarter worth approximately $234,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Credicorp during the 1st quarter valued at approximately $468,000. Finally, Yousif Capital Management LLC lifted its stake in Credicorp by 40.2% during the first quarter. Yousif Capital Management LLC now owns 4,084 shares of the bank’s stock worth $702,000 after purchasing an additional 1,170 shares during the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BAP has been the topic of a number of research reports. UBS Group dropped their target price on shares of Credicorp from $192.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, February 5th. JPMorgan Chase & Co. raised their target price on shares of Credicorp from $190.00 to $194.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $181.73.

Credicorp Stock Performance

Shares of BAP opened at $164.96 on Friday. The firm has a fifty day moving average of $169.53 and a 200-day moving average of $147.84. The company has a market cap of $13.12 billion, a price-to-earnings ratio of 10.55, a price-to-earnings-growth ratio of 0.55 and a beta of 1.13. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.00 and a current ratio of 1.08. Credicorp Ltd. has a 1 year low of $116.42 and a 1 year high of $179.53.

Credicorp (NYSE:BAP) last posted its earnings results on Thursday, February 8th. The bank reported $2.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.02). Credicorp had a net margin of 20.17% and a return on equity of 14.68%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.32 billion. As a group, equities analysts anticipate that Credicorp Ltd. will post 18.4 earnings per share for the current year.

Credicorp Profile

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.