Legacy Wealth Asset Management LLC Trims Holdings in Credicorp Ltd. (NYSE:BAP)

Legacy Wealth Asset Management LLC lowered its holdings in Credicorp Ltd. (NYSE:BAP) by 1.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,938 shares of the bank’s stock after selling 75 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Credicorp were worth $722,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wasatch Advisors LP raised its holdings in shares of Credicorp by 0.7% during the third quarter. Wasatch Advisors LP now owns 8,886 shares of the bank’s stock valued at $1,608,000 after acquiring an additional 65 shares in the last quarter. Cerity Partners LLC increased 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 period. Crossmark Global Holdings Inc. raised 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 purchasing an additional 140 shares in the last quarter. Quantinno Capital Management LP lifted 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 purchasing an additional 152 shares during the period. Finally, Fiduciary Trust Co boosted its stake in shares of Credicorp by 12.5% during the 3rd quarter. Fiduciary Trust Co now owns 1,859 shares of the bank’s stock valued at $336,000 after purchasing an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

BAP has been the subject of a number of research analyst reports. The Goldman Sachs Group raised their target price on Credicorp from $143.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. raised their price objective on Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Finally, Bank of America lowered shares of Credicorp from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $209.00 to $208.00 in a research note on Monday, December 16th.

Credicorp Stock Down 2.7 %

Shares of Credicorp stock opened at $181.80 on Friday. The company has a 50-day simple moving average of $187.42 and a two-hundred day simple moving average of $179.44. The stock has a market capitalization of $14.46 billion, a PE ratio of 10.43, a price-to-earnings-growth ratio of 0.48 and a beta of 1.12. Credicorp Ltd. has a 52-week low of $146.05 and a 52-week high of $200.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.07.

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.