Hsbc Holdings PLC Sells 233,598 Shares of Credicorp Ltd. (NYSE:BAP)

Hsbc Holdings PLC decreased its holdings in Credicorp Ltd. (NYSE:BAPFree Report) by 81.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,265 shares of the bank’s stock after selling 233,598 shares during the period. Hsbc Holdings PLC owned 0.07% of Credicorp worth $7,789,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BAP. Massachusetts Financial Services Co. MA lifted its stake in shares of Credicorp by 3.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,152,938 shares of the bank’s stock valued at $472,720,000 after purchasing an additional 99,691 shares during the last quarter. FMR LLC lifted its position in Credicorp by 1.4% in the third quarter. FMR LLC now owns 2,656,459 shares of the bank’s stock worth $339,947,000 after buying an additional 36,795 shares during the last quarter. Westwood Global Investments LLC boosted its stake in Credicorp by 7.6% during the third quarter. Westwood Global Investments LLC now owns 1,898,456 shares of the bank’s stock worth $242,945,000 after buying an additional 134,731 shares during the period. Royal Bank of Canada increased its position in Credicorp by 6.2% during the third quarter. Royal Bank of Canada now owns 1,286,946 shares of the bank’s stock valued at $164,693,000 after acquiring an additional 75,280 shares during the last quarter. Finally, Pzena Investment Management LLC raised its stake in shares of Credicorp by 12.7% in the third quarter. Pzena Investment Management LLC now owns 1,036,755 shares of the bank’s stock valued at $132,674,000 after acquiring an additional 117,102 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BAP. JPMorgan Chase & Co. upped their price target on shares of Credicorp from $190.00 to $194.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. UBS Group reduced their price target on Credicorp from $192.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, February 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $181.73.

View Our Latest Analysis on Credicorp

Credicorp Price Performance

Credicorp stock opened at $165.13 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $13.13 billion, a price-to-earnings ratio of 9.80, a price-to-earnings-growth ratio of 0.53 and a beta of 1.17. The firm has a 50-day moving average of $167.69 and a two-hundred day moving average of $157.61. Credicorp Ltd. has a 1 year low of $116.42 and a 1 year high of $180.21.

Credicorp (NYSE:BAPGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The bank reported $5.06 earnings per share for the quarter, beating the consensus estimate of $4.25 by $0.81. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.36 billion. Credicorp had a net margin of 19.95% and a return on equity of 15.33%. On average, research analysts forecast that Credicorp Ltd. will post 18.64 earnings per share for the current year.

Credicorp Increases Dividend

The company also recently declared an annual dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, May 20th will be given a dividend of $9.4084 per share. This is an increase from Credicorp’s previous annual dividend of $6.74. The ex-dividend date is Friday, May 17th. This represents a dividend yield of 3.8%. Credicorp’s dividend payout ratio is presently 207.72%.

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.

Further Reading

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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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