Allspring Global Investments Holdings LLC Sells 15,238 Shares of Credicorp Ltd. (NYSE:BAP)

Allspring Global Investments Holdings LLC cut its position in shares of Credicorp Ltd. (NYSE:BAP) by 23.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,478 shares of the bank’s stock after selling 15,238 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Credicorp were worth $7,268,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. LA Financiere DE L Echiquier grew its stake in shares of Credicorp by 20.3% during the 4th quarter. LA Financiere DE L Echiquier now owns 34,677 shares of the bank’s stock worth $5,199,000 after acquiring an additional 5,841 shares in the last quarter. Deltec Asset Management LLC bought a new position in Credicorp in the fourth quarter valued at $1,349,000. Blue Trust Inc. increased its stake in Credicorp by 7.7% in the 4th quarter. Blue Trust Inc. now owns 1,396 shares of the bank’s stock valued at $209,000 after buying an additional 100 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. lifted its position in Credicorp by 46.6% during the 4th quarter. Financiere des Professionnels Fonds d investissement inc. now owns 36,895 shares of the bank’s stock worth $5,532,000 after buying an additional 11,731 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Credicorp by 11.5% during the 4th quarter. SG Americas Securities LLC now owns 24,051 shares of the bank’s stock worth $3,606,000 after buying an additional 2,476 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Stock Up 0.9 %

Credicorp stock opened at $161.05 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.08 and a quick ratio of 1.00. The company’s 50-day moving average is $169.12 and its 200-day moving average is $147.45. The firm has a market capitalization of $12.81 billion, a PE ratio of 10.30, a P/E/G ratio of 0.54 and a beta of 1.13. Credicorp Ltd. has a fifty-two week low of $116.42 and a fifty-two week high of $179.53.

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

Wall Street Analysts Forecast Growth

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

About Credicorp

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.