StockNews.com’s investment analysts released a research note about Credicorp on Thursday, distributed to investors to announce the website’s company coverage (NYSE: BAP).
The stock of the financial institution received a rating of “Hold” from the brokerage firm.
Thursday’s opening price for trading on the NYSE BAP was $127.34, which was also the closing price for the day.
There is a debt-to-equity ratio of 1.13, a current ratio of 1.05, and a quick ratio of 1.13.
The company has a market capitalization of $10.13 billion, a price-to-earnings-growth ratio of 0.44, a price-to-earnings ratio of 8.41, and a beta value of 0.91.
The company’s earnings-to-price ratio is 8.41.
This company’s moving average over the previous two hundred days is $137.00, while the moving average over the previous fifty days is $135.65.
There has been a range of $113.21 to $182.11 in the price of Credicorp over the previous 52 weeks.
The current price of Credicorp can be found anywhere within this range.
There have been numerous pieces written about the stock by various analysts.
In a research note on December 13, the Credit Suisse Group disclosed its plan to initiate coverage of Credicorp shares.
They gave the company an “outperform” rating and concluded that the price target should be $142.
Itau BBA Securities upgraded their rating on Credicorp’s shares to “outperform” on Tuesday, January 3 and set a price objective for the company’s stock at $156.00 per share.
The upgrade was announced in a research note released on the same day.
Over the past few months, several institutional investors have rebalanced the percentage of their investment portfolios comprising BAP holdings.
The Bank of Nova Scotia increased the amount of Credicorp stock owned by 79% over the final three months of 2018.
Bank of Nova Scotia now holds 1,108,891 shares of the company’s stock, which have a value of $150,432,000, following the acquisition of an additional 489,238 shares during the most recent quarter.
These shares were acquired during the most recent quarter.
In the last three months of 2012, AllianceBernstein L.P.
Increased the amount of Credicorp stock owned by 85%, bringing the total to 100%.
Purchased an additional 466,898 shares of the bank’s stock during the most recent quarter, bringing the total number of shares it owns to 524,862, with a value of $71,203,000.
Pzena Investment Management LLC incurred approximately $44,663,000 in total capital expenditures to purchase a new interest in Credicorp during the third quarter of the fiscal year.
Driehaus Capital Management LLC increased its holdings in Credicorp during the fourth quarter, bringing the total value of the firm’s position to approximately $48,505,000 at the end of the period.
During the second quarter, Mondrian Investment Partners LTD increased its Credicorp stock by 27.4 percent to keep pace with its competitors.
Mondrian Investment Partners LTD now owns 1,555,807 shares of the company’s stock, which has a value of $186,557,000 after purchasing an additional 334,234 shares of the bank’s stock over the past three months.
This brings the total number of shares owned by Mondrian Investment Partners Ltd to 1,555,807.
The majority of the stock in the company is owned by institutional investors, which account for 69.13% of the total.
The provision of financial services is one of the activities in which Credicorp Ltd, the holding company, is involved. Universal banking, microfinance, insurance and pensions, and investment banking and wealth management are the four distinct business areas that the company focuses on.
The company is structured in this way to better serve its customers.
The Universal Banking division focuses the vast majority of its efforts on providing financial services in the areas of lending and investment management.