Credicorp Ltd. $BAP Stock Position Decreased by Cetera Investment Advisers

Cetera Investment Advisers trimmed its position in shares of Credicorp Ltd. (NYSE:BAP) by 5.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,310 shares of the bank’s stock after selling 73 shares during the period. Cetera Investment Advisers’ holdings in Credicorp were worth $244,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BAP. Wells Fargo & Company MN boosted its stake in Credicorp by 45.7% during the 4th quarter. Wells Fargo & Company MN now owns 692 shares of the bank’s stock valued at $127,000 after purchasing an additional 217 shares during the period. First Trust Advisors LP boosted its stake in Credicorp by 42.0% during the 4th quarter. First Trust Advisors LP now owns 3,298 shares of the bank’s stock valued at $605,000 after purchasing an additional 975 shares during the period. Dimensional Fund Advisors LP boosted its stake in Credicorp by 3.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 243,349 shares of the bank’s stock valued at $44,596,000 after purchasing an additional 6,995 shares during the period. Stifel Financial Corp boosted its stake in Credicorp by 0.3% during the 4th quarter. Stifel Financial Corp now owns 40,366 shares of the bank’s stock valued at $7,400,000 after purchasing an additional 123 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in Credicorp by 2.5% during the 4th quarter. Hsbc Holdings PLC now owns 23,075 shares of the bank’s stock valued at $4,225,000 after purchasing an additional 559 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BAP has been the subject of a number of analyst reports. The Goldman Sachs Group raised shares of Credicorp from a “sell” rating to a “neutral” rating and boosted their target price for the company from $174.00 to $225.00 in a research note on Thursday, July 24th. UBS Group restated a “buy” rating on shares of Credicorp in a research report on Monday, June 2nd. Wall Street Zen downgraded shares of Credicorp from a “buy” rating to a “hold” rating in a research report on Sunday, June 1st. Finally, Citigroup boosted their price target on shares of Credicorp from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Credicorp presently has an average rating of “Moderate Buy” and a consensus target price of $236.80.

Credicorp Stock Performance

Shares of BAP opened at $250.57 on Friday. The firm’s 50 day moving average is $231.79 and its 200-day moving average is $206.45. The stock has a market capitalization of $19.93 billion, a P/E ratio of 13.63, a P/E/G ratio of 0.69 and a beta of 1.09. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.08 and a quick ratio of 1.03. Credicorp Ltd. has a 12-month low of $165.48 and a 12-month high of $255.39.

Credicorp (NYSE:BAP) last announced its quarterly earnings data on Thursday, August 14th. The bank reported $6.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.73 by $0.51. The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Credicorp had a net margin of 20.94% and a return on equity of 16.25%. Equities research analysts anticipate that Credicorp Ltd. will post 21.9 EPS for the current fiscal 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.