Swiss National Bank Cuts Stock Position in Credicorp Ltd. (NYSE:BAP)

Swiss National Bank lessened its holdings in Credicorp Ltd. (NYSE:BAP) by 2.3% in the fourth quarter, Holdings Channel reports. The firm owned 153,579 shares of the bank’s stock after selling 3,600 shares during the period. Swiss National Bank’s holdings in Credicorp were worth $23,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. CWM LLC grew its position in Credicorp by 69.2% during the fourth quarter. CWM LLC now owns 225 shares of the bank’s stock valued at $34,000 after buying an additional 92 shares during the period. Signaturefd LLC grew its position in shares of Credicorp by 24.3% during the 4th quarter. Signaturefd LLC now owns 746 shares of the bank’s stock valued at $112,000 after acquiring an additional 146 shares during the period. Janiczek Wealth Management LLC raised its holdings in shares of Credicorp by 25.2% in the 4th quarter. Janiczek Wealth Management LLC now owns 974 shares of the bank’s stock worth $146,000 after purchasing an additional 196 shares during the period. Quantbot Technologies LP purchased a new position in Credicorp in the third quarter valued at approximately $136,000. Finally, Blue Trust Inc. grew its holdings in Credicorp by 7.7% during the fourth quarter. Blue Trust Inc. now owns 1,396 shares of the bank’s stock valued at $209,000 after purchasing an additional 100 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Credicorp Price Performance

Credicorp stock opened at $176.17 on Thursday. The firm has a market capitalization of $14.01 billion, a P/E ratio of 11.26, a PEG ratio of 0.57 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 debt-to-equity ratio of 0.44, a current ratio of 1.01 and a quick ratio of 1.01. The business has a fifty day moving average price of $169.64 and a 200-day moving average price of $151.69.

Credicorp (NYSE:BAP) last issued its earnings results on Thursday, February 8th. The bank reported $2.80 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.32 billion. As a group, equities research analysts forecast that Credicorp Ltd. will post 18.4 EPS for the current year.

Credicorp Company Profile

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.