Credicorp Ltd. (NYSE:BAP) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its holdings in Credicorp Ltd. (NYSE:BAP) by 68.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,023 shares of the bank’s stock after selling 176,666 shares during the period. Russell Investments Group Ltd.’s holdings in Credicorp were worth $12,452,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. WCM Investment Management LLC raised its position in Credicorp by 1,723.7% in the 4th quarter. WCM Investment Management LLC now owns 303,705 shares of the bank’s stock valued at $45,832,000 after purchasing an additional 287,052 shares in the last quarter. Hsbc Holdings PLC raised its stake in Credicorp by 784.5% during the 3rd quarter. Hsbc Holdings PLC now owns 285,863 shares of the bank’s stock worth $36,618,000 after acquiring an additional 253,544 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Credicorp during the 3rd quarter worth $28,384,000. Bank of New York Mellon Corp lifted its position in Credicorp by 18.5% in the third quarter. Bank of New York Mellon Corp now owns 1,197,427 shares of the bank’s stock valued at $153,235,000 after acquiring an additional 187,285 shares during the last quarter. Finally, Bank of Nova Scotia boosted its stake in Credicorp by 20.7% in the third quarter. Bank of Nova Scotia now owns 898,843 shares of the bank’s stock valued at $115,025,000 after acquiring an additional 154,364 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on BAP shares. UBS Group reduced their target price on 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 Credicorp from $190.00 to $194.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Credicorp presently has an average rating of “Moderate Buy” and an average price target of $181.73.

Credicorp Price Performance

Shares of NYSE:BAP opened at $168.64 on Friday. The stock has a market capitalization of $13.41 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 0.56 and a beta of 1.12. Credicorp Ltd. has a one year low of $116.42 and a one year high of $179.53. The company has a 50-day simple moving average of $169.68 and a 200-day simple moving average of $150.71. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.01 and a current ratio of 1.01.

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

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.