Ashoka WhiteOak Capital Pte Ltd Decreases Stock Position in Credicorp Ltd. $BAP

Ashoka WhiteOak Capital Pte Ltd reduced its position in Credicorp Ltd. (NYSE:BAP) by 2.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,510 shares of the bank’s stock after selling 135 shares during the quarter. Credicorp makes up about 0.6% of Ashoka WhiteOak Capital Pte Ltd’s holdings, making the stock its 12th largest position. Ashoka WhiteOak Capital Pte Ltd’s holdings in Credicorp were worth $1,264,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. SVB Wealth LLC purchased a new stake in Credicorp in the first quarter worth $35,000. Cullen Frost Bankers Inc. purchased a new position in shares of Credicorp in the first quarter valued at $40,000. Farther Finance Advisors LLC grew its position in shares of Credicorp by 2,170.0% in the first quarter. Farther Finance Advisors LLC now owns 227 shares of the bank’s stock valued at $44,000 after purchasing an additional 217 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Credicorp in the first quarter valued at $78,000. Finally, Advisors Asset Management Inc. purchased a new position in shares of Credicorp in the first quarter valued at $88,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Trading Down 1.2%

Shares of BAP stock opened at $262.85 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average price of $251.91 and a two-hundred day moving average price of $219.82. Credicorp Ltd. has a 12-month low of $165.51 and a 12-month high of $280.88. The firm has a market cap of $20.91 billion, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 0.72 and a beta of 1.12.

Credicorp (NYSE:BAP) last issued its quarterly earnings results 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. Credicorp had a return on equity of 17.94% and a net margin of 23.22%.The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.52 billion. Equities analysts anticipate that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BAP shares. Hsbc Global Res upgraded Credicorp to a “hold” rating in a research report on Friday, September 5th. HSBC cut Credicorp from a “buy” rating to a “hold” rating and lifted their price target for the company from $225.00 to $255.00 in a research report on Friday, September 5th. The Goldman Sachs Group upgraded Credicorp from a “sell” rating to a “neutral” rating and lifted their price target for the company from $174.00 to $225.00 in a research report on Thursday, July 24th. Wall Street Zen upgraded Credicorp from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. Finally, Citigroup lifted their price target on Credicorp from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $250.00.

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.