Marks Group Wealth Management Inc Has $300,000 Stock Position in Credicorp Ltd. (NYSE:BAP)

Marks Group Wealth Management Inc reduced its position in shares of Credicorp Ltd. (NYSE:BAP) by 3.4% in the 4th quarter, Holdings Channel reports. The firm owned 2,000 shares of the bank’s stock after selling 71 shares during the period. Marks Group Wealth Management Inc’s holdings in Credicorp were worth $300,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Handelsbanken Fonder AB increased its holdings in shares of Credicorp by 2.3% during the fourth quarter. Handelsbanken Fonder AB now owns 252,909 shares of the bank’s stock worth $37,919,000 after buying an additional 5,695 shares in the last quarter. CWM LLC increased its holdings in shares of Credicorp by 69.2% during the fourth quarter. CWM LLC now owns 225 shares of the bank’s stock worth $34,000 after buying an additional 92 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Credicorp by 24.3% during the fourth quarter. Signaturefd LLC now owns 746 shares of the bank’s stock worth $112,000 after buying an additional 146 shares in the last quarter. WCM Investment Management LLC increased its holdings in shares of Credicorp by 1,723.7% during the fourth quarter. WCM Investment Management LLC now owns 303,705 shares of the bank’s stock worth $45,832,000 after buying an additional 287,052 shares in the last quarter. Finally, Simplicity Solutions LLC acquired a new position in shares of Credicorp during the fourth quarter worth $419,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Credicorp Stock Performance

Shares of Credicorp stock opened at $168.84 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.67. Credicorp Ltd. has a twelve month low of $116.42 and a twelve month high of $179.53. The stock has a market cap of $13.43 billion, a price-to-earnings ratio of 10.80, a P/E/G ratio of 0.57 and a beta of 1.13. The company’s fifty day moving average is $169.92 and its 200 day moving average is $148.78.

Credicorp (NYSE:BAP) last issued its quarterly earnings data on Thursday, February 8th. The bank reported $2.80 earnings per share for the quarter, missing the consensus estimate of $2.82 by ($0.02). Credicorp had a return on equity of 14.68% and a net margin of 20.17%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.32 billion. Sell-side analysts forecast that Credicorp Ltd. will post 18.4 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BAP. UBS Group lowered their price target on shares of Credicorp from $192.00 to $190.00 and set a “buy” rating for the company in a report on Monday, February 5th. JPMorgan Chase & Co. boosted their price objective on shares of Credicorp from $190.00 to $194.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Credicorp presently has an average rating of “Moderate Buy” and an average target price of $181.73.

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.