MassMutual Private Wealth & Trust FSB Increases Stake in Credicorp Ltd. (NYSE:BAP)

MassMutual Private Wealth & Trust FSB increased its holdings in Credicorp Ltd. (NYSE:BAP) by 37.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 226 shares of the bank’s stock after purchasing an additional 62 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Credicorp were worth $41,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in BAP. Brown Brothers Harriman & Co. purchased a new position in shares of Credicorp in the third quarter worth about $58,000. Aprio Wealth Management LLC purchased a new position in Credicorp in the 4th quarter worth approximately $200,000. Sanctuary Advisors LLC purchased a new position in Credicorp in the 2nd quarter worth approximately $210,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of Credicorp during the third quarter valued at approximately $216,000. Finally, Atomi Financial Group Inc. purchased a new stake in shares of Credicorp during the third quarter valued at approximately $236,000. 89.81% of the stock is owned by institutional investors.

Credicorp Stock Performance

NYSE:BAP opened at $181.51 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.66. The firm’s fifty day simple moving average is $187.04 and its 200 day simple moving average is $180.01. The stock has a market cap of $14.44 billion, a P/E ratio of 10.41, a price-to-earnings-growth ratio of 0.49 and a beta of 1.12. Credicorp Ltd. has a twelve month low of $147.00 and a twelve month high of $200.00.

Credicorp (NYSE:BAP) last announced its earnings results on Thursday, November 7th. The bank reported $5.08 earnings per share for the quarter, beating analysts’ consensus estimates of $4.67 by $0.41. Credicorp had a net margin of 20.11% and a return on equity of 15.59%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the firm posted $4.23 EPS. As a group, research analysts predict that Credicorp Ltd. will post 18.91 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group upped their price target on shares of Credicorp from $143.00 to $160.00 and gave the company a “sell” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. upped their price objective on shares of Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Finally, Bank of America cut Credicorp from a “buy” rating to a “neutral” rating and cut their target price for the stock from $209.00 to $208.00 in a research note 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.