Rhumbline Advisers Sells 319 Shares of Credicorp Ltd. $BAP

Rhumbline Advisers trimmed its position in shares of Credicorp Ltd. (NYSE:BAP) by 2.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,820 shares of the bank’s stock after selling 319 shares during the period. Rhumbline Advisers’ holdings in Credicorp were worth $2,945,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. SVB Wealth LLC acquired a new position in shares of Credicorp during the first quarter valued at about $35,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Credicorp during the fourth quarter valued at about $40,000. Cullen Frost Bankers Inc. acquired a new position in shares of Credicorp during the first quarter valued at about $40,000. Farther Finance Advisors LLC raised its position in shares of Credicorp by 2,170.0% during the first quarter. Farther Finance Advisors LLC now owns 227 shares of the bank’s stock valued at $44,000 after buying an additional 217 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Credicorp during the first quarter valued at about $78,000. 89.81% of the stock is currently owned by institutional investors.

Credicorp Stock Performance

Shares of BAP opened at $265.83 on Tuesday. The firm has a 50-day moving average of $244.94 and a 200-day moving average of $215.61. Credicorp Ltd. has a one year low of $165.51 and a one year high of $268.48. The company has a market cap of $21.14 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 0.74 and a beta of 1.12. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.08 and a quick ratio of 1.08.

Credicorp (NYSE:BAP) last announced its earnings results on Thursday, August 14th. The bank reported $6.24 EPS for the quarter, topping the consensus estimate of $5.73 by $0.51. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.52 billion. Credicorp had a net margin of 23.22% and a return on equity of 17.94%. As a group, equities analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BAP. Hsbc Global Res raised shares of Credicorp to a “hold” rating in a research report on Friday, September 5th. The Goldman Sachs Group raised shares of Credicorp from a “sell” rating to a “neutral” rating and increased their price target for the stock from $174.00 to $225.00 in a research report on Thursday, July 24th. Citigroup increased 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, August 20th. Wall Street Zen raised shares of Credicorp from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. Finally, HSBC lowered shares of Credicorp from a “buy” rating to a “hold” rating and increased their price target for the stock from $225.00 to $255.00 in a research report on Friday, September 5th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $239.83.

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.