Perpetual Ltd Decreases Stock Position in Credicorp Ltd. (NYSE:BAP)

Perpetual Ltd lessened its stake in Credicorp Ltd. (NYSE:BAPFree Report) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,440 shares of the bank’s stock after selling 800 shares during the period. Perpetual Ltd’s holdings in Credicorp were worth $1,364,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its stake in shares of Credicorp by 37.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock valued at $41,000 after acquiring an additional 62 shares during the last quarter. Wasatch Advisors LP increased its holdings in Credicorp by 0.7% during the 3rd quarter. Wasatch Advisors LP now owns 8,886 shares of the bank’s stock valued at $1,608,000 after purchasing an additional 65 shares during the period. Cerity Partners LLC raised its position in Credicorp by 3.8% during the 3rd quarter. Cerity Partners LLC now owns 3,068 shares of the bank’s stock valued at $555,000 after purchasing an additional 111 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Credicorp by 4.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,189 shares of the bank’s stock worth $577,000 after buying an additional 140 shares during the period. Finally, Quantinno Capital Management LP grew its position in shares of Credicorp by 7.0% in the 3rd quarter. Quantinno Capital Management LP now owns 2,314 shares of the bank’s stock worth $419,000 after buying an additional 152 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

A number of equities analysts recently commented on BAP shares. JPMorgan Chase & Co. upped their target price on Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Bank of America cut shares of Credicorp from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $209.00 to $208.00 in a research report on Monday, December 16th. Finally, The Goldman Sachs Group boosted their price target on shares of Credicorp from $143.00 to $160.00 and gave the company a “sell” rating in a research report on Tuesday, October 8th.

Read Our Latest Stock Analysis on BAP

Credicorp Stock Up 0.4 %

NYSE:BAP opened at $182.93 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 1.07. The firm’s 50-day moving average price is $187.35 and its 200-day moving average price is $179.84. The company has a market capitalization of $14.55 billion, a PE ratio of 10.50, a P/E/G ratio of 0.49 and a beta of 1.12. Credicorp Ltd. has a 1-year low of $147.00 and a 1-year high of $200.00.

Credicorp (NYSE:BAPGet Free Report) 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 business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the firm earned $4.23 earnings per share. On average, equities analysts predict that Credicorp Ltd. will post 19.06 EPS for the current fiscal year.

Credicorp Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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